€m20202019ChangeChange
(proforma
like-for-like)1
H1 turnover230.4228.9+0.6%-9.6%
Q3 turnover117.2106.9+9.7%-2.7%
Total 9-month turnover347.5335.8+3.5%-7.4%

1 calculated by including in 2019 the pre-consolidation turnover generated by Orone and ADM Value

Tessi, a global provider of Business Process Services, posted Q3 2020 turnover of €117.2 million. On a proforma like-for-like basis1, turnover was down 2.7% versus Q3 2019. The discontinued Spanish business contributed €15.2 million to Q3 2020 turnover compared to €18.9 million in Q3 2019.

Turnover for the first nine months of 2020 amounted to €347.5 million. On a proforma like-for-like basis1, turnover for the same period was down 7.4%. The discontinued Spanish business contributed €45.6 million to 9-month 2020 turnover compared to €63.3 million in 2019.

Guidance

The trend observed in the third quarter has continued into the fourth quarter. However, given the current resurgence of the pandemic and reintroduction of lockdown measures in Europe, the Group remains prudent regarding its outlook and will continue to keep a close eye on expenses.

 
Next release
2020 turnover, 8 February 2021 after market close
 		  
 
About TESSI
Tessi is an international provider of Business Process Services that helps businesses to digitise the customer experience. Tessi operates in 14 countries worldwide, has around 9,400 employees and posted 2019 turnover of €452.0 million (data excluding ADM Value). Tessi is listed on Euronext Paris - Compartment B (TES).

Read more at tessi.eu
 		  
 
Contacts
Tessi
Tel. +33 (0)4 76 70 59 10
communication@tessi.fr		  
Actus
Guillaume Le Floch / Investor Relations
Marie Claude Triquet / Media Relations
Tel. + 33 (0)4 72 18 04 90
glefloch@actus.fr / mctriquet@actus.fr		  
     

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Regulated information:
Quarterly financial reporting:
- Third quarter financial report

Full and original press release in PDF: https://www.actusnews.com/news/66022-tes-051120-ca-t3-2020-gb.pdf

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