Teleperformance's first-quarter 2024 revenue was up 26.7%. This reflects the Group's new dimension with the acquisition of Majorel.
Core Services & D.I.B.S. activities delivered strong pro forma growth*, led by India (offshore for the US market), Asia-Pacific and certain European countries. However, the momentum in offshore solutions exerted deflationary pressure on the Group’s revenue growth over the quarter, particularly for the Americas. The Specialized Services business continued to deliver fast-paced revenue growth.
Olivier Rigaudy,
Deputy CEO and Group CFO
2024 OUTLOOK
Confirmation of the 2024 financial targets with improved business growth in the second half of 2024
• Pro forma revenue growth* of +2% to +4%
• Increase in the EBITA margin before non-recurring
items of between +10 bps and +20 bps on a pro forma basis
• Increase in net free cash flow
* 2023 pro forma at constant exchange rates including Majorel.
Majorel integration on track
The cost synergy plan is well underway, enabling us to
confirm our target of €150 million in cost synergies by 2025.
LATEST NEWS
Teleperformance wins award for 2023 best financial operation
On June 27, 2024, the “Club des Trente”, which brings together the CFOs of major French groups, awarded Teleperformance the prize of the best financial operation with the acquisition of Majorel, finalized in November 2023 for €3 billion.
The Group's solid business model is based on strong free cash flow generation and an optimized capital allocation strategy
Key facts
1 S&P credit rating confirmed at BBB - investment grade
2 Execution of a €500 million share buyback program launched in August 2023