Global contact center manager Teleperformance Group (TLPFF.PK) on Wednesday, while providing its objectives for fiscal 2008, said it expects annual profit and revenue to grow by double digits, benefiting mainly from the consolidation of acquired activities. In addition, the company also provided an outlook for the next fiscal year.
The Paris-based company said it estimates revenues between 1.750 billion euros and 1.760 billion euros for fiscal year 2008, which represents a growth rate of 10.5% over the reported revenue of 1.594 billion euros last year.
On comparable basis or on an organic growth basis, excluding foreign exchange and scope of consolidation effects, the company expects revenues to grow by 7% above last year's reported organic revenue of 1.718 billion euros.
The company estimates the scope of consolidation effect to represent a net positive impact of 124 million euros, which includes 40 million euros for Europe and 84 million euros for the NAFTA region. On the other hand, foreign exchange effect, mainly resulting from the rise of the Euro versus the US Dollar, is projected to have a negative impact of 75 million euros over the whole financial year.
For the full year, Teleperformance estimates that net profit from group share to be 116 million euros, representing an 18% growth rate above last year's actual profit of 98.3 million euros. Operating margin for fiscal 2008 is projected to be above 10%.
The company noted that business distribution per region shows a real potential for the Group to consolidate its market position in North America with the NAFTA region now standing for 39% of its overall operations.
Teleperformance also noted that inbound activity now stands for 72% of total Group revenues, increasing by 1% from last year.
The Group, which has an additional headquarters in Miami Beach, Florida, further expects to benefit at the year end from a positive net cash asset of 112 million euros. It also sees a benefit from a 300 million euros revolving credit facility based on the floating rate index Euribor, which took effect in January 2008.
For fiscal year 2009, excluding new acquisitions, Teleperformance said it anticipates revenues between 1.88 billion euros and 1.9 billion euros. This is a 7.5% increase, which includes 3.5% organic growth rate.
Fiscal 2009 forecast for net profit, group share, stood between 118 million euros and 120 million euros, with earnings per share expected to rise by 3% to 2.10 euros.
TLPFF.PK last traded on November 10 to close at $23.10.
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