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2020 turnover: €412.6 m

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    €m 2020 2019 Change Change (proforma LFL)2
    9-month turnover1 301.9 272.5 +10.8% -3.2%
    Q4 turnover1 110.7 96.1 +15.2% +0.3%
    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%.

    Guidance

    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.

    Next release

    2020 results, 8 April 2021 after market close

    Expertise, innovation,
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