|€m||2020||2019||Change||Change (proforma LFL)2|
|Total 12-month turnover1||412.6||368.6||+11.9%||-2.3%|
1 The data presented excludes the contribution of the Spanish businesses sold in January 2021 (see 8 January press release), which are included in “discontinued operations” in the 2020 financial statements.
2 Calculated by including in 2019 the pre-consolidation turnover generated by Orone and ADM Value.
Tessi, a global provider of Business Process Services, posted Q4 2020 turnover of €110.7 million, benefiting from the consolidation of ADM Value. On a proforma like-for-like basis1, the Group posted moderate growth of 0.3% over the period, despite the continuing impact of the pandemic.
This performance took annual turnover to €412.6 million. On a proforma like-for-like basis, the full-year decline was limited to 2.3%.
With a renewed focus on its core businesses in France, Spain, Switzerland and Latin America following the sale of its Spanish operations, Tessi intends to pursue its development in 2021 by targeting a return to organic growth and by remaining ready to seize new acquisition opportunities.
2020 results, 8 April 2021 after market close