€m | 2021 | 20201 | Change | Change (proforma)2 |
Turnover | 115.7 | 108.3 | +6.8% | +5.9% |
1 2020 data excludes the Spanish businesses sold in January 2021 (see 8 January 2021 press release).
2 Calculated by including turnover generated by Proformation in 2020 before its consolidation in the Group from Q1 2021 (see 9 March 2021 press release).
Tessi, a global provider of Business Process Services, posted Q1 2021 consolidated turnover of €115.7 million (up 6.8%), including €2.3 million of turnover from newly consolidated Proformation after Tessi purchased a majority stake in the company in February 2021. On a proforma basis², turnover was up 5.9%, bolstered by thriving business and a favourable comparison with 2020 due to the impact of lockdown from mid-March onwards.
Guidance
The first quarter has confirmed the Group’s roadmap aimed at pursuing the company’s development.
Next release
H1 2021 turnover, 5 August 2021 after market close.