{"id":12965,"date":"2020-08-06T18:00:03","date_gmt":"2020-08-06T16:00:03","guid":{"rendered":"https:\/\/www.tessi.eu\/?p=12965\/"},"modified":"2020-08-06T18:04:54","modified_gmt":"2020-08-06T16:04:54","slug":"tessi-reports-h1-2020-turnover-of-e230-4m","status":"publish","type":"post","link":"https:\/\/www.tessi.eu\/en\/tessi-reports-h1-2020-turnover-of-e230-4m\/","title":{"rendered":"Tessi reports H1 2020 turnover of \u20ac230.4m"},"content":{"rendered":"<table width=\"100%\">\n<tbody>\n<tr>\n<td width=\"265\"><em>\u20acm<\/em><\/td>\n<td width=\"85\"><strong>2020<\/strong><\/p>\n<p><strong>published<\/strong><\/td>\n<td width=\"85\"><strong>2019<\/strong><\/p>\n<p><strong>published<\/strong><\/td>\n<td width=\"85\"><strong>Organic<\/strong><\/td>\n<td width=\"85\"><strong>Organic<\/strong><\/p>\n<p><strong>Proforma like-for-like<sup>1<\/sup><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"265\"><strong>Q1 turnover<\/strong><\/td>\n<td width=\"85\"><strong>126.4<\/strong><\/td>\n<td width=\"85\"><strong>115.0<\/strong><\/td>\n<td width=\"85\"><strong>+9.8%<\/strong><\/td>\n<td width=\"85\"><strong>-1.3%<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"265\"><strong>Q2 turnover<\/strong><\/td>\n<td width=\"85\"><strong>104.0<\/strong><\/td>\n<td width=\"85\"><strong>113.9<\/strong><\/td>\n<td width=\"85\"><strong>-8.7%<\/strong><\/td>\n<td width=\"85\"><strong>-18.0%<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"265\"><strong>H1 total<\/strong><\/td>\n<td width=\"85\"><strong>230.4<\/strong><\/td>\n<td width=\"85\"><strong>228.9<\/strong><\/td>\n<td width=\"85\"><strong>+0.6%<\/strong><\/td>\n<td width=\"85\"><strong>-9.6%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><sup><sup>1<\/sup> calculated by reintegrating in H1 2019 the \u20ac26\u00a0million in sales generated by Orone and ADM Value over the period, before their integration within the Group<\/sup><\/em><\/p>\n<p>Tessi, a global provider of Business Process Services, posted first half 2020 turnover of \u20ac230.4 million, up 0.6% from H1 2019. Recent acquisitions (ADM Value, Orone) contributed \u20ac32.9m to H1 turnover.<\/p>\n<p>On a proforma like-for-like basis<sup>1<\/sup>, the Group recorded a 9.6% drop (of which 18.0% in the second quarter) due to the impact of the Covid-19 health crisis on the Group\u2019s business from mid-March onwards. The peak of the downturn was recorded in April. Since the end of the lockdown measures in Europe in May, the situation has been gradually improving.<\/p>\n<p>Given the decline in like-for-like growth, current operating income will naturally be lower than in the first half of 2019, but will nonetheless remain substantially profitable.<\/p>\n<h3>Guidance<\/h3>\n<p>In light of ongoing uncertainties surrounding the pandemic over the coming months, Tessi remains cautious in terms of outlook and is keeping a close watch over expenditure. The Group will also benefit from the additional contribution and like-for-like growth of ADM Value in the second half.<\/p>\n<form action=\"https:\/\/www.tessi.eu\/wp-content\/uploads\/2020\/08\/tessi-200806-ca-s1-2020-en.pdf\" target=\"_blank\"><input class=\"wpcf7-form-control wpcf7-submit btn btn-light btn-custom btn-big btn-round\" type=\"submit\" value=\" Download the financial release \" \/><\/form>\n","protected":false},"excerpt":{"rendered":"<p>\u20acm 2020 published 2019 published Organic Organic Proforma like-for-like1 Q1 turnover 126.4 115.0 +9.8% -1.3% Q2 turnover 104.0 113.9 -8.7% -18.0% H1 total 230.4 228.9 +0.6% -9.6% 1 calculated by reintegrating in H1 2019 the \u20ac26\u00a0million in sales generated by Orone and ADM Value over the period, before their integration within the Group Tessi, a [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":11940,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-12965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financier-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v27.1.1) - 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