Teleperformance: Q1 sales up 6.2%
(CercleFinance.com) - On Tuesday evening, Teleperformance announced Q1 sales of 1,352 million euros, up 6.
4% as reported and up 6.2% on a comparable basis.
In detail, the group posted strong growth over the first two months of the year, before flat performance in March, due to the impact of the health crisis over the second half of the month.
"The Covid-19 environment remains an exceptional and highly uncertain one and the expectation is that business will decrease in the second quarter. The costs associated with the rapid ramp-up of work-at-home solutions and the impact of site shutdowns will weigh on the Group's margin in the first half of the year, despite the activation of a cost reduction annual program of around E250 million," Teleperformance said.
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