Half Year 2024 Teleperformance SE Earnings Call Transcript
Key Points
- Teleperformance SE (TLPFF) reported a 28.2% year-on-year growth in revenue, surpassing EUR 5 billion for the first time.
- The company successfully integrated Majorel without losing any clients, and expects to generate EUR 100-150 million in cost synergies by 2024-2025.
- Teleperformance SE (TLPFF) is implementing over 300 AI projects, which are enhancing client growth and internal efficiency.
- The company achieved a 45% increase in free cash flow, reaching close to EUR 450 million.
- Teleperformance SE (TLPFF) has a diversified client portfolio across various geographies, verticals, and products, which helps mitigate risks.
- The company faced negative impacts from foreign exchange movements, particularly in Latin America, affecting profitability.
- Integration costs for Majorel, including licensing and infrastructure reinforcement, were higher than expected.
- The core services segment experienced a decline in profitability due to FX impacts and integration costs.
- Teleperformance SE (TLPFF) continues to incur transformation and development costs, impacting net free cash flow.
- The company has not yet seen a significant increase in new contract wins, indicating potential challenges in achieving higher growth rates.
Hello, and welcome to Teleperformance 2024 first half results. My name is George, and I'll be the coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions) I'd like to turn the call over to your host today, Mr. Olivier Rigaudy, Deputy CEO and Group CFO. Please go ahead, sir.
Thank you, George. Hello, everyone, good morning or good evening, and welcome to our first half results event. We are going to present to you the results. I'm going first, next slide, please. I'm going first to leave the floor to Quy to make the disclaimer
Thank you, Olivier, and hello, everyone. It is my turn to welcome you to the Teleperformance first half fiscal 2024 earnings call. Financial press release related to the results has been published today at 5
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