H1 2016 turnover up 42.3% to EUR 203 million, including 12.1% like-for-like growth
> Consolidated turnover (1 January - 30 June)
€m
2016
2015
Change (%)
Q1 turnover
99.9
69.2
+44.5%
Q2 turnover
103.1
73.5
+40.2%
H1 turnover
203.0
142.7
+42.3%
> Q2 turnover up 40.2%, including 9.1% like-for-like growth
In the second quarter of 2016, Tessi crossed the symbolic quarterly threshold of €100 million, posting turnover of €103.1 million, up €29.6 million or 40.2% from the same period last year, including 9.1% like-for-like growth excluding the latest acquisitions (Diagonal Company, Tessi documents solutions Switzerland and Austria, BPO Solutions).
CPoR Devises' turnover fell, as in the previous quarter, from €12.1 million to €9.5 million, while business continued to flourish for Tessi documents services (turnover of €86.9 million, up 57% including 15.8% like for like) and Tessi customer marketing (€6.7 million, up 8.7%).
> First half turnover up 42.3%, including 12.1% like for like
Consolidated turnover for the first half of 2016 rose by 42.3% to €203 million, up €60.3 million including €17.3 million excluding recent acquisitions.
- CPoR Devises' first half turnover fell €3.3 million to €19.7 million.
- Tessi documents services maintained strong growth, posting first half turnover of €170.4 million, up 58.9% including 19.1% like for like.
- Tessi customer marketing confirmed its recovery by posting a 4% increase in turnover to €12.9 million.
> 2016 guidance
In 2016, Tessi will focus on integrating acquisitions and achieving the Group's customary profit levels with the newly expanded consolidation scope. The Group will also pursue its policy of innovation and acquiring new expertise in France and abroad.
Next release
H1 2016 results,
6 September 2016 after market close.
About Tessi:
- Tessi is the No. 1 document processing specialist in France
- Listed on Euronext Paris Compartment B - ISIN code – FR0004529147 – Ticker: TES
- Head office in Grenoble, France (38)
- Founded in 1971 and acquired in 1979 by Marc Rebouah, the current CEO
- French No. 1 in cheque receipt and processing
- French No. 1 in foreign exchange and gold trading
- French No. 1 in managing deferred promotional operations
For further information visit: www.tessi.fr
Contacts
Tessi
Corinne Rebouah
Executive Secretary - Director of Communication
Tel. +33 (0)4 76 70 59 10
[email protected]
Actus
Amalia Naveira / Investor Relations
Marie Claude Triquet / Media Relations
Tel. + 33 (0)4 72 18 04 90
[email protected] / [email protected]
Regulated information
Releases under ongoing disclosure requirements:
- Permanent Information Releases, sales and Revenues
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-45285-TES-040816-CA-T2-16-GB.pdf
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Source: Actusnews