Upcoming Dividend • May 19
Upcoming dividend of €4.50 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Austrian dividend payers (4.2%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €62.84, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 67% over the past three years. New Risk • Apr 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risk High level of debt (78% net debt to equity). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €58.14, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 69% over the past three years. Duyuru • Mar 23
Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Declared Dividend • Mar 09
Dividend increased to €4.50 Dividend of €4.50 is 7.1% higher than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 7.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: €8.47 (vs €8.76 in FY 2024) Full year 2025 results: EPS: €8.47 (down from €8.76 in FY 2024). Revenue: €10.2b (flat on FY 2024). Net income: €497.0m (down 5.0% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 13
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026 New Risk • Jan 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (93% net debt to equity). Share price has been volatile over the past 3 months (4.8% average weekly change). Duyuru • Nov 06
Teleperformance SE Updates Earnings Guidance for the Year 2025 Teleperformance SE updated earnings guidance for the year 2025. For the year, the company expects Group LFL revenue growth between +1.0% and +2.0% (vs. the lower end of the +2% to +4% range). Duyuru • Nov 05
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €69.94, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 75% over the past three years. Reported Earnings • Aug 05
First half 2025 earnings released: EPS: €4.21 (vs €4.85 in 1H 2024) First half 2025 results: EPS: €4.21 (down from €4.85 in 1H 2024). Revenue: €5.12b (flat on 1H 2024). Net income: €249.0m (down 14% from 1H 2024). Profit margin: 4.9% (down from 5.7% in 1H 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €75.82, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 71% over the past three years. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (6.3% average weekly change). Declared Dividend • May 08
Dividend increased to €4.20 Dividend of €4.20 is 9.1% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 30
Teleperformance SE to Report First Half, 2025 Results on Jul 31, 2025 Teleperformance SE announced that they will report first half, 2025 results on Jul 31, 2025 Duyuru • Apr 10
Teleperformance SE, Annual General Meeting, May 22, 2025 Teleperformance SE, Annual General Meeting, May 22, 2025. Location: cloud business center, 10 bis rue du quatre septembre, paris France Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: €8.76 (vs €10.27 in FY 2023) Full year 2024 results: EPS: €8.76 (down from €10.27 in FY 2023). Revenue: €10.3b (up 23% from FY 2023). Net income: €523.0m (down 13% from FY 2023). Profit margin: 5.1% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 03
Dividend increased to €4.20 Dividend of €4.20 is 9.1% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 01
Teleperformance SE announces Annual dividend, payable on May 28, 2025 Teleperformance SE announced Annual dividend of EUR 4.2000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Duyuru • Feb 06
ZP Better Together, LLC announced the acquisition of Teleperformance SE (ENXTPA:TEP). ZP Better Together, LLC announced the acquisition of Teleperformance SE (ENXTPA:TEP) on November 26, 2024. The transaction was approved by regulatory authorities.
ZP Better Together, LLC completed the acquisition of Teleperformance SE (ENXTPA:TEP) on February 5, 2025. Reported Earnings • Aug 01
First half 2024 earnings released: EPS: €4.85 (vs €4.64 in 1H 2023) First half 2024 results: EPS: €4.85 (up from €4.64 in 1H 2023). Revenue: €5.08b (up 28% from 1H 2023). Net income: €291.0m (up 7.4% from 1H 2023). Profit margin: 5.7% (down from 6.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 21
Upcoming dividend of €3.85 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Austrian dividend payers (5.7%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €103, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 66% over the past three years. Duyuru • May 03
Teleperformance Se Provides Earnings Guidance for the Full Year 2024 Teleperformance SE provided earnings guidance for the full year 2024. for the year, the company expects pro-forma revenue growth of +2% to +4%. Duyuru • May 01
Teleperformance SE to Report First Half, 2024 Results on Jul 30, 2024 Teleperformance SE announced that they will report first half, 2024 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €82.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 72% over the past three years. New Risk • Mar 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 88% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risks High level of debt (88% net debt to equity). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Duyuru • Feb 16
Teleperformance Se Announces to Appoint Bhupender Singh as Sole Chief Executive Officer, Starting January 1, 2026 Teleperformance SE announced to implements a new governance organization and it also represents a step towards the separation, starting January 1, 2026, of the roles of Chairman of the Board and Chief Executive Officer. On such date, Bhupender Singh will be appointed as sole Chief Executive Officer. Duyuru • Jan 26
Teleperformance Launches Digital Services Arm, TP Infinity, to Better Serve Clients Globally Through Consulting, Design and System Integration Services Teleperformance announced the launch of its global digital consulting arm, TP Infinity, designed to deliver a holistic approach to building stronger brands through enhanced customer experience (CX). TP Infinity seeks to address the growing client demand for an integrated approach to CX transformation in today’s experience-led economy. Its comprehensive portfolio spans consulting, technology, data analytics, design and creative services, combining Teleperformance’s growing, global digital CX and transformation services with three independent digital companies integrated through Teleperformance’s recent acquisition of Majorel. These include: IST Networks, a CX technology reseller, system integrator and managed service provider based in Egypt, with operations in Saudi Arabia, UAE and broader EMEA; Findasense, a digital marketing agency based in Spain, with operations in Mexico, Colombia and rest of Latin America; and Junokai, a CX consulting firm based in Germany. TP Infinity team members will support their own clients and work seamlessly in partnership with Teleperformance teams and their clients to enable faster, more efficient and improved business processes that deliver enhanced experiences for customers. TP Infinity is comprised of a diverse team of more than 650 strategists, data lovers, tech enthusiasts, creative masterminds and operations gurus operating in 15 countries across North America, South America, Europe, and Asia who are united by a common purpose: to push the boundaries of CX. New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.9% average weekly change). Minor Risks High level of debt (52% net debt to equity). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Duyuru • Jan 09
Teleperformance SE, Annual General Meeting, May 23, 2024 Teleperformance SE, Annual General Meeting, May 23, 2024. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €127, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 53% over the past three years. Duyuru • Oct 18
Teleperformance Launches TP Configuration, an Ai-Driven Platform to Enhance Service Delivery Teleperformance SE announced it has launched a new AI-driven digital solution for clients that enables faster, more efficient, and improved business processes. TP Configuration is an integrated, unified and scalable platform for managing the end-to-end agent lifecycle and improving operational performance. A complete application suite, TP Configuration supports more efficient back-office operations for enhanced customer care, bringing together scattered processes under a single sign-on platform to deliver a 360-degree view of agent performance, the operations floor and customer inquiries. Teleperformance clients using TP Configuration in their programs have seen significant efficiency, accuracy and customer experience benefits across a variety of industries. Programs have experienced up to 35% improvement in turnaround time, up to 40% reduction in customer escalations, and benefited from real-time insights into agent and customer interactions. TP Configuration's single-source platform includes near real-time monitoring and service-level reporting dashboards that deliver a comprehensive view to program operations, including quality management review and auditing, an intelligent workflow process that captures end-to-end tracking and provides automated audit flow; a system to help forecast labor needs and identify attrition risk; and more. Duyuru • Oct 05
Teleperformance Joins the AI Lighthouse Program Teleperformance announced it is joining the AI Lighthouse program. Teleperformance will collaborate on the design, development, and deployment of new industry specific generative AI (GenAI) use cases that boost productivity and increase customer and employee satisfaction across front- and back-office capabilities in Customer Service Management (CSM) and IT Service Management (ITSM). Announced in July 2023, AI Lighthouse is a first-of-its kind program to fast-track the development and adoption of enterprise GenAI capabilities. Teleperformance's participation complements the company's launch of TEP GenAI earlier this year. Teleperformance brings de [4]ep experience in CX consultancy, GenAI, engineering, and development to AI Lighthouse. The company's initial focus will be to design and develop new GenAI models to support agent interaction with customers. As the most critical part of customer care, Teleperformance will look to automate therapeutic agent tasks such as case summarization, next steps, and knowledge management for their customer service agents within the AI Lighthouse program. Duyuru • Sep 13
Teleperformance Launches AI maturity Assessment Toolkit to Help Companies Evaluate Strategies for AI Success Teleperformance announced it has launched an Artificial Intelligence (AI) Maturity Assessment Toolkit to help companies understand the capabilities necessary to successfully implement AI to help transform their organization for employees, customers and other key stakeholders. The free AI Maturity Survey is designed to help organizations understand not only the capabilities required for success, but the right combinations of capabilities across data readiness, operational strategies, infrastructure, talent and more. Developed by Teleperformance's AI Solutions Team, the AI Maturity Toolkit benchmarks an organization's AI capabilities across six key pillars that Teleperformance has identified as being critical to integrate AI with high success. This includes data readiness and integration, technology infrastructure, talent and expertise, deployment efficacy, strategy and culture, and continuous improvement. Survey respondents will receive a report benchmarking where their organization is in their AI journey, which they can use to help facilitate discussions within their organization. Teleperformance will also provide a consultation with an AI operations expert. Duyuru • Aug 03
Teleperformance SE (ENXTPA:TEP) announces an Equity Buyback for €500 million worth of its shares. Teleperformance SE (ENXTPA:TEP) announces a share repurchase program. Under the program, the company will repurchase €500 million worth of its shares. The purpose of the repurchase program is to maintain its financial flexibility and to pursue other attractive acquisition opportunities. The repurchased shares will be cancelled. The program will be valid till December 31, 2024. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €4.64 (vs €4.67 in 1H 2022) First half 2023 results: EPS: €4.64 (down from €4.67 in 1H 2022). Revenue: €3.96b (flat on 1H 2022). Net income: €271.0m (down 1.1% from 1H 2022). Profit margin: 6.8% (down from 6.9% in 1H 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Duyuru • Jun 27
Teleperformance SE Announces Executive Changes Teleperformance SE announced the appointment of Teri O’Brien as Chief Legal and Compliance Officer, effective on July 1, 2023. O’Brien will succeed Chief Legal and Compliance Officer Leigh Ryan, who is retiring on that date. O’Brien joined Teleperformance on May 15, 2023 as Incoming Chief Legal and Compliance Officer and has been working closely with Ryan since then to ensure a smooth transition. Ryan is retiring after more than six years at Teleperformance. Before that, she served as external counsel to Teleperformance Group for 25 years. In her new role, O’Brien will be responsible for all aspects of the Legal, Compliance and Privacy departments, and will sit on Teleperformance’s executive committee. Prior to joining Teleperformance, O’Brien served for many years as external US counsel to Teleperformance, most recently as a partner at Latham & Watkins LLP and, before that, at Paul Hastings LLP, specializing in mergers and acquisitions and corporate securities matters. O’Brien has a Doctor of Law from the University of San Diego Law School, and a Bachelor of Science, Accounting, from San Diego State University. O’Brien is a member of the California bar and is a Certified Public Accountant. Duyuru • Jun 20
Teleperformance SE Appoints Bhupender Singh as Deputy Chief Executive Officer Teleperformance announced that its Board of Directors has appointed Bhupender Singh as Deputy Chief Executive Officer. In addition to his current responsibilities of leading the group’s digital transformation, Bhupender will work closely with Daniel Julien, Teleperformance Founder, Chairman and CEO to lead the group’s Executive Committee, and to manage and develop the group’s multiple business services activities around the world. Olivier Rigaudy, Group Chief Financial Officer, will continue serving as Deputy Chief Executive Officer, in charge of finance. Bhupender is a graduate of the Indian Institute of Technology Delhi and the Indian Institute of Management Ahmedabad. Prior to Teleperformance, he served as the CEO of Intelenet, which was acquired by Teleperformance in 2018. Earlier in his career, Bhupender worked with leading global management consulting firms McKinsey & Company and Booz Allen Hamilton. During the past four years at Teleperformance he has served as President of the group’s digital transformation after integrating the Intelenet business into the broader group. Bhupender was also elected as a Director by Teleperformance’s shareholders in the meeting held on April 13, 2023. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €163, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 41% over the past year. Duyuru • Jun 13
Teleperformance Implements AI Solutions Leveraging ServiceNow Platform Teleperformance announced that it is deploying cloud-based artificial intelligence (AI) tools within ServiceNow, the leading digital workflow company, to enhance its employee experience, increase productivity and transform its operations. The new platform provides a more efficient and intuitive employee experience that allows Teleperformance employees to access a single simplified knowledge management system. Further, it enables the company's employees to automate certain transactional tasks in their workday, enabling employees to focus on higher-value activities. Duyuru • May 31
Accenture, Teleperformance, Blackstone, BPEA EQT, KKR, Carlyle, Apax and Warburg Pincus Reportedly Interests for Potential Acquisition of Everise Global outsourcing firms such as Accenture plc (NYSE:ACN) and Teleperformance SE (ENXTPA:TEP) are competing with a clutch of private equity funds for potential acquisition of global ITeS firm Everise Holdings. The company, backed by Brookfield Asset Management, is expected to be valued at $1.3 billion, said multiple people aware of the development. Investment banks Morgan Stanley (NYSE:MS) and BNP Paribas SA (ENXTPA:BNP) are advising Brookfield in this potential transaction. Buyout funds such as Blackstone Inc. (NYSE:BX), BPEA EQT, KKR & Co. Inc. (NYSE:KKR), The Carlyle Group Inc. (NasdaqGS:CG), Apax Partners LLP and Warburg Pincus LLC are interested and non-binding bids are likely to be placed by early June, added sources. Spokespersons with Brookfield, KKR, Blackstone, Apax, BPEA EQT and Accenture declined to comment. Mails sent to Carlyle, Warburg Pincus and Teleperformance remained unanswered. Duyuru • May 29
Teleperformance and Blackstone Reportedly Plans Separate Bids for Everise Holdings Teleperformance SE (ENXTPA:TEP) and Blackstone Inc. (NYSE:BX) are planning separate bids for Everise Holdings, an IT services business owned by Brookfield Asset Management, two people aware of the transaction said. Brookfield has hired Morgan Stanley (NYSE:MS) to conduct the sale and hopes to raise around $1.4 billion, the people cited above said on the condition of anonymity. The bids are due later this week and may see interest from other private equity firms as well. Spokespeople for Brookfield and Blackstone declined to comment. Teleperformance and Morgan Stanley did not respond to requests for comment. In 2016, Everstone Capital, along with Sunrise BPO, acquired C3 to create Everise. Everstone sold the business to Brookfield in 2020 for approximately $450 million, according to media reports. Everstone, which bought back a 20% stake from a different fund, did not respond to a request for comment. Duyuru • May 23
Bronstein, Gewirtz & Grossman, LLC Notifies Teleperformance Se Investors of Class Action and to Actively Participate Bronstein, Gewirtz & Grossman, LLC notified investors that a class action lawsuit has been filed against Teleperformance SE and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Teleperformance American Depositary Receipts between July 29, 2020 and November 9, 2022, both dates inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws. The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose that: Teleperformance’s growth in Core Services had been achieved, in part, by requiring its content moderators to engage in inappropriate, traumatic, abusive, and potentially criminal activities; certain Teleperformance social content moderators had been trained with materials which included illicit images of child sexual exploitation; contraband images had been included in Teleperformance Daily Required Reading reports for its content moderation staff; Teleperformance had failed to safeguard child sexual abuse material and had potentially violated strict rules governing the handling of such materials, including rules relating to the National Center for Missing & Exploited Children; Teleperformance had failed to provide adequate training or emotional and psychological support to content moderators exposed to egregious materials, including those exposed to extreme graphic violence and sexual images; Teleperformance had imposed unreasonable time and performance targets that compounded the occupational trauma suffered by its content moderators; Teleperformance had failed to implement or maintain the working conditions represented to investors, including by subjecting the Company’s content moderation workers to widespread occupational trauma without psychological support, and with paltry pay, punitive salary deductions, extensive surveillance, and aggressive union-busting tactics; as a result, Teleperformance was subject to a material, undisclosed risk of legal, regulatory, business, and reputational harm if the truth regarding the Company’s content moderation services, treatment of its content moderation workers, and handling of contraband materials was ever publicly revealed; and as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €157, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €240 per share. Upcoming Dividend • Apr 14
Upcoming dividend of €3.85 per share at 1.8% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Austrian dividend payers (5.6%). Lower than average of industry peers (2.7%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €10.95 (vs €9.48 in FY 2021) Full year 2022 results: EPS: €10.95 (up from €9.48 in FY 2021). Revenue: €8.15b (up 15% from FY 2021). Net income: €645.0m (up 16% from FY 2021). Profit margin: 7.9% (up from 7.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Professional Services industry in Europe. Duyuru • Nov 19
Teleperformance SE (ENXTPA:TEP) commences an Equity Buyback for 5% of its issued share capital, for €2,936.88 million, under the authorization approved on April 14, 2022. Teleperformance SE (ENXTPA:TEP) commences share repurchases on November 11, 2022 under the program mandated by the shareholders in the Annual General Meeting held on April 14, 2022 As per the mandate, the company is authorized to repurchase its own shares, representing 5% of its issued share capital for €2,936.88 million. The shares will be repurchased at a maximum price of €500 per share. The purpose of the program is to stimulate the secondary market or ensure liquidity of the share. The repurchased shares will be cancelled or retained and used as consideration of an exchange or a payment in connection with potential growth acquisitions or used to cover the stock option plans and/or performance share plans for the employees and/or corporate officers or used for any other purposes as permitted by the law. The plan will be valid till October 13, 2023.
On November 10, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to €150 million worth of its shares. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorated over the past week After last week's 30% share price decline to €192, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €369 per share. Duyuru • Nov 04
Teleperformance SE to Report Fiscal Year 2022 Results on Feb 16, 2023 Teleperformance SE announced that they will report fiscal year 2022 results on Feb 16, 2023 Duyuru • Oct 28
Teleperformance SE (ENXTPA:TEP) acquired PSG Global Solutions LLC from its management and private investors at an enterprise value of $300 million. Teleperformance SE (ENXTPA:TEP) acquired PSG Global Solutions LLC from its management and private investors at an enterprise value of $300 million on October 27, 2022. The acquisition is fully financed with cash on hand. PSG had revenue of $48 million in 2021. The operation is accretive to Teleperformance’s earnings per share, by nearly +3%. Latham & Watkins LLP acted as legal advisor to Teleperformance.
Teleperformance SE (ENXTPA:TEP) completed the acquisition of PSG Global Solutions LLC from its management and private investors on October 27, 2022. Duyuru • Aug 18
Teleperformance Appoints Anish Mukker as CEO for India Operations Teleperformance has appointed Anish Mukker as the CEO for its India operations. The company plans to deepen its digitally integrated business services and transformation solutions. As incoming CEO, Mukker will focus on high-growth revenue strategies and further increase the company's nationwide footprint to serve clients and their end customers from a location of their choice. Mukker has built successful growth businesses, delivered operational excellence and raised the bar when it comes to customer experience across clients from North America, Australia, Asia and Europe. At Amazon, he led operations for the large marketplace globally, built unique operating models and enabled distributed workforce across India. His experience also extends to several large sales and M&A for financial services. He also built Australia's BFS business, increasing its size 10 times in six years. Prior to Amazon, he led Genpact's Europe sales, strategy and global operations for financial services, based out of London. He was also the global chief operating officer for financial services, growing the business multi-fold. Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €255.0m from profit in 1H 2021). Profit margin: (down from 7.4% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 10.0% growth forecast for the industry in Austria. Duyuru • Jul 28
Teleperformance SE Confirms Revenue Guidance for the Year 2022 Teleperformance SE confirmed revenue guidance for the year 2022. For the year, the company confirmed like-for-like revenue growth above +10% (excluding the impact of Covid support contracts) and like-for-like revenue growth above +5%. Duyuru • Apr 15
Teleperformance SE Approves Dividend, Payable on April 28, 2022 Teleperformance SE’s Combined General Meeting was held on April 14, 2022 in approved the proposed dividend of €3.30 per share, representing an increase compared with the previous year: the ex-dividend date is April 26, 2022 and the payment date is April 28, 2022. Duyuru • Apr 08
Teleperformance SE to Report First Half, 2022 Results on Jul 28, 2022 Teleperformance SE announced that they will report first half, 2022 results on Jul 28, 2022 Buying Opportunity • Mar 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €396, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €9.49 (up from €5.52 in FY 2020). Revenue: €7.13b (up 24% from FY 2020). Net income: €557.0m (up 72% from FY 2020). Profit margin: 7.8% (up from 5.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 6.8%, compared to a 9.4% growth forecast for the industry in Austria. Duyuru • Aug 19
Carlyle Group Emerges as the Frontrunner to Acquire Hexaware Technologies from BPEA The Carlyle Group Inc. (NasdaqGS:CG) has emerged as the frontrunner to acquire Hexaware Technologies Limited (NSEI:HEXAWARE) from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (INR 225.00 Billion), said people in the know. Carlyle's offer trumps competition from Bain Capital, LP and Paris-based technology company Teleperformance SE (ENXTPA:TEP). All three, shortlisted for the final round of negotiations, submitted binding offers on August 16, 2021 . If the Carlyle offer gets accepted, it would be the largest PE buyout in the country outside of infrastructure, and also mark the US group's biggest bet in the country. There's been a surge in PE backed deals in IT services globally in the past year amid increasing automation and businesses migrating to the cloud, a process accelerated by the pandemic. Carlyle is also negotiating with a host of banks " HSBC, Morgan Stanley, Goldman Sachs, Barclays, Nomura, Standard Chartered, BNP Paribas " to raise $1.2 billion in bridge financing for the acquisition that is likely to be taken out through a dollar bond issuance subsequently. Reported Earnings • Jul 30
First half 2021 earnings released: EPS €4.34 (vs €1.07 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.43b (up 29% from 1H 2020). Net income: €255.0m (up 305% from 1H 2020). Profit margin: 7.4% (up from 2.4% in 1H 2020). The increase in margin was driven by higher revenue. Duyuru • Jun 23
Teleperformance SE (ENXTPA:TEP) completed the acquisition of West Health Advocate Solutions, Inc. from Intrado Corporation. Teleperformance SE (ENXTPA:TEP) entered into a definitive agreement to acquire West Health Advocate Solutions, Inc. from Intrado Corporation for enterprise value of $690 million on October 27, 2020. The acquisition will be fully financed through debt. Health Advocate reported revenue of $140 million and adjusted EBITDA of $50 million, representing a margin of 36%. Post completion of the transaction, West Health will be integrated in Teleperformance's US language interpretation and document translation services firm Languageline Solutions. The transaction is subject to regulatory approvals, antitrust regulations and other customary closing conditions. As of November 20, 2020 FTC has granted early termination of antitrust approval waiting period for the transaction. The transaction is expected to close in the first quarter of 2021. As of April 12, 2021, the transaction is expected to close during the second quarter of 2021. The deal will create immediate value for Teleperformance shareholders as it is expected to be accretive to earnings per share by around 7%, excluding amortization of intangibles on a pro forma basis for 2020. Teri O’Brien, Katherine Bell, Todd Schneider, Dan Stellenberg, Ron Ben-Yehuda and Joseph Opich of Paul Hastings LLP and Linklaters LLP acted as legal advisors to Teleperformance in connection with the acquisition and the financing, respectively. David Kamo and Jim Sinclair of Goldman Sachs and Triple Tree acted as financial advisors and Andrew J. Nussbaum and Karessa L. Cain of Wachtell, Lipton, Rosen & Katz served as legal advisor for Intrado Corporation. Olivier Boumendil and Stéphane Kuster of KPMG Transaction Services SA acted as due diligence provider for Teleperformance SE.
Teleperformance SE (ENXTPA:TEP) completed the acquisition of West Health Advocate Solutions, Inc. from Intrado Corporation on June 22, 2021. The transaction was approved by regulatory authorities. Duyuru • Apr 13
Teleperformance SE Revises Revenue Guidance for the Full Year of Fiscal 2021 Teleperformance SE revised revenue guidance for the full year of fiscal 2021. Full-year 2021 revenue growth target raised: Like-for-like full-year revenue growth of at least +12% versus a previously announced target of at least +9%. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS €5.52 (vs €6.87 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €5.73b (up 7.0% from FY 2019). Net income: €324.0m (down 19% from FY 2019). Profit margin: 5.7% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.5%, compared to a 6.8% growth forecast for the Professional Services industry in Austria. Duyuru • Feb 26
Teleperformance SE, Annual General Meeting, Apr 22, 2021 Teleperformance SE, Annual General Meeting, Apr 22, 2021. Is New 90 Day High Low • Feb 13
New 90-day high: €295 The company is up 6.0% from its price of €278 on 13 November 2020. The Austrian market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €272 per share. Duyuru • Oct 29
Teleperformance SE (ENXTPA:TEP) entered into a definitive agreement to acquire West Health Advocate Solutions, Inc. from Intrado Corporation for enterprise value of $690 million. Teleperformance SE (ENXTPA:TEP) entered into a definitive agreement to acquire West Health Advocate Solutions, Inc. from Intrado Corporation for enterprise value of $690 million on October 27, 2020. The acquisition will be fully financed through debt. Health Advocate reported revenue of $140 million and adjusted EBITDA of $50 million, representing a margin of 36%. The transaction is subject to regulatory approvals and other customary closing conditions and expected to close in the first quarter of 2021. The deal will create immediate value for Teleperformance shareholders as it is expected to be accretive to earnings per share by around +7%, excluding amortization of intangibles on a pro forma basis for 2020. Teri O’Brien, Katherine Bell, Todd Schneider, Dan Stellenberg and Joseph Opich of Paul Hastings LLP and Linklaters acted as legal advisors to Teleperformance in connection with the acquisition and the financing, respectively. Goldman Sachs and Triple Tree acted as financial advisors and Wachtell, Lipton, Rosen & Katz served as legal advisor to Intrado on the transaction. 
