Third quarter 2014 turnover
In line with the Group's guidance for the financial year
- Consolidated turnover (1 January - 30 September)
| In € million - unaudited | 2014 9-months | 2013 9-months | Change (%) |
| Q3 turnover | 61.4 | 57.2 | +7.5% |
| Total 9-month turnover | 182.7 | 178.2 | +2.6% |
- Q3 turnover up 7.5%
Tessi posted third quarter 2014 turnover of €61.4 million, up 7.5% compared with the third quarter of 2013. Spanish-based Graddo, which was consolidated as from 1 May 2014, contributed €4.2 million to third quarter growth. At constant consolidation scope, turnover rose by 0.1%. The strong momentum of the Tessi documents services business only partially offset the decline in the gold trading business.
CPoR Devises posted third quarter turnover of €11.2 million, down from €12.6 million in the same period last year. Tessi documents services put in a strong performance, turnover of €44.3 million, up €5.4 million (13.9%) compared with €38.9 million in Q3 2013. Excluding the Graddo acquisition, turnover increased by 3.1%. Tessi marketing services returned to growth, posting a 3.4% increase in turnover to €5.9 million as at 30 September 2014.
- Tessi documents services' momentum remained strong
Tessi's turnover for the first nine months of the year rose by 2.6% from €178.1 million to €182.7 million. At constant consolidation scope, turnover was down 1.2%.
- CPoR Devises' turnover fell by 13.8% from €39.5 million in 2013 to €34.1 million as at 30 September this year, mainly as a result of the decline in the gold trading business.
- Tessi documents services posted turnover of €130.5 million, compared with €118.7 million last year, or an increase of 10.0%. At constant consolidation scope, excluding the Graddo acquisition, turnover was up 4.2%.
- Tessi marketing services recorded turnover of €18.1 million, down from €19.9 million in the first nine months of 2013. Turnover in the first half was depressed by the non-renewal of a major contract. The start-up of new contracts as from the 3rd quarter should allow Tessi marketing services to return to positive growth.
- Expected trends for 2014
As in 2013, Tessi is committed to maintaining its profit margins in 2014.
The Group will also remain on the look-out for potential acquisitions.
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Next release 2014 annual turnover on 5 February 2015 after Stock Market close |
Next meeting An information meeting will be held at 10.00 am on 6 November 2014 at the SFAF, 24 rue de Penthièvre, 75008 Paris |
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
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Tessi Corinne Rebouah Executive Secretary - Head of Communication Tel. +33 (0)4 76 70 59 10 [email protected] |
Actus Amalia Naveira / Investors Relations Marie Claude Triquet / Media Relations Tel. + 33 (0)4 72 18 04 90 [email protected] [email protected] |
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires
Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-37803-TES-031114-CA-T3-14-GB.pdf
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