2013 revenues of EUR 239.2 million
Stable and in line with published targets
> Consolidated revenues (1 January – 31 December)
In millions of euros – unaudited
2013
2012
Q4 revenues
61.1
60.6
Total revenues
239.2
246.4
> Growth rate of 1.4% at constant consolidation scope in Q4
Q4 2013 revenues amounted to €61.1 million, up 0.8% and 1.4% at constant consolidation scope (restated for the BtoB logistics business, which was sold on 1 November 2012).
CPoR Devises fourth quarter revenues fell by 3.9% to €12.2 million. With revenues of €41.9 million, Tessi documents services stepped up its growth rate with the launch of new contracts. Q4 revenues increased by 4.8% over the same period last year, compared to 2.2% growth in Q3. Tessi marketing services posted revenues of €7.0 million, down 7.5% at constant consolidation scope.
> Stable annual revenues at constant consolidation scope
Tessi's annual revenues at constant consolidation scope amounted to €239.2 million, down 0.6% from €240.7 million last year.
CPoR Devises posted revenues of €51.7 million, compared to €53.5 million in 2012.
After a difficult first half hit by adverse market conditions, Tessi documents services recovered well in the second half, posting like-for-like growth of 3.5% in H2 2013 compared to H2 2012. 2013 total revenues were almost identical to the previous year's, amounting to €160.6 million compared to €160.8 million in 2012.
Tessi marketing services reported revenues of €26.9 million, up 1.7% at constant consolidation scope.
In light of these results, and as previously announced, Tessi expects to maintain its profit margins for the 2013 financial year.
> The outlook for 2014
Tessi will focus on maintaining its profit margins in 2014, as in 2013.
Moreover, Tessi remains firmly on the lookout for any acquisition opportunities that may arise.
Next release
2013 results
on 7 April 2014 after market close.
About Tessi:
- Tessi is No. 1 document processing specialist in France
- Listed on Euronext Paris Eurolist B - ISIN code – FR0004529147 – Ticker: TES
- Head Office in Grenoble, France (38)
- Founded in 1971 and taken over in 1979 by Marc Rebouah, current PDG
- French No. 1 in check receipt and processing
- French No. 1 in foreign exchange and gold trading
- French No. 1 in managing deffered promotional operations
For further information visit: www.tessi.fr
Contacts
Tessi
Corinne Rebouah
Executive Secretary – Head of Communication
Tel. +33 (0)4 76 70 59 10
corinne.rebouah@tessi.fr
Actus
Amalia Naveira / Investors Relations
Marie Claude Triquet / Media Relations
Tel. + 33 (0)4 72 18 04 90
anaveira@actus.fr
mctriquet@actus.fr
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