Teleperformance

Teleperformance is engaged in outsourced customer experience management. Co. delivers integrated solutions to corporations and administrative bodies worldwide to manage all aspects of the customer-relations cycle on their behalf. Co.'s activities include four core business areas: customer care (these are services provided as part of customer service management); technical support; debt collection; and business information and marketing actions. As of Dec. 31, 2013, Co. had approximately 110,000 computerized workstations across 46 countries. Co.'s client includes industries like Telecoms, Internet, Financial services, Technology/media, Insurance, Government sector and Utilities.
  • TickerRCF
  • ISINFR0000051807
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Analysts

Charles Pinel

Teleperformance- Assemblée Générale des actionnaires du 1er octobre 2019

L'assemblée générale des actionnaires du 9 mai 2019 a approuvé une résolution d'acquisition et de vente par la société de ses propres actions pour un prix maximum unitaire de 180 €. Cependant, en raison de la hausse du cours de l'action qui s'élève actuellement à 199,6 €, il a été décidé de soumettre une nouvelle autorisation dans les mêmes termes et conditions que celle approuvée précédemment mais pour un prix maximum unitaire porté à 250 €. Le rachat a bien été exclu en période d'offre et les autres caractéristiques de la résolution semblent acceptables pour la soutenir.

Expert Corporate Governance Service (ECGS)

Teleperformance - AGM 1st October 2019

The General Meeting of shareholders held on May 9, 2019 has authorized the Board of Directors to have the Company repurchase its own shares for a maximum purchase price of €180 per share. The Teleperformance SE share price having reached €180 several times and currently amounts to around €200. It was thus decided to submit a new authorization, under similar terms and conditions to the one approved by the General Meeting held on May 9, 2019, but for a maximum purchase price brought to €250 per share. Considering these features, we recommend approval.

Christophe Chaput

Teleperformance : H1 results higher than anticipated. The group revised up its annual guidance. Target price increased from € 184 to € 207. Buy reiterated.

>Strong organic growth in Q2 (+10.9%) and EBIT margin +40bp vs +30bp estimated - Téléperformance published higher than expected first-half results. We note the following: Sales rose by 23.9% to € 2,564m (vs € 2,554m estimated; € 2,535m for the consensus) with organic growth of 10.4% over the period (+10.9% at constant scope and currency in Q2 after +9.9% in Q1). This growth in H1 was underpinned in particular by the core activities (+11.4% like-for-like, of which...

Valentin Pernet

Teleperformance : Teleperformance: a new head of CSR to accelerate the number of non-financial projects

>The creation of the post of head of Sustainability (a first at the group level) reflects the weight of non-financial issues at group level. This new organisation should be backed by a genuinely sustainable development strategy and, thus, a harmonisation of the group’s actions and initiatives at this level. We think that the latitude afforded to the group’s subsidiaries has resulted in varying degrees of commitment on a certain number of social and environmental subj...

Valentin Pernet

Téléperformance : Teleperformance : une nouvelle directrice RSE pour accélérer de nombreux chantiers extra-financiers

>La création d’un poste de directrice RSE groupe (une première) témoigne de la prégnance des sujets extra-financiers à l’échelle du groupe. Cette nouvelle organisation doit accoucher d’une authentique stratégie de développement durable et, ce faisant, d’une harmonisation des actions et initiatives du groupe en la matière. Nous avons le sentiment que la latitude donnée aux filiales a débouché sur un engagement à géométrie variable sur un certain nombre de sujets socia...

Christophe Chaput

Teleperformance : Another quarter of strong growth: +9.9% LFL

>Q1 revenue ahead of expectations: € 1,271m vs. € 1,248m estimated, up 9.9% LFL - Teleperformance reported strong revenue growth in Q1, up 23.9% to 1,271m, beating our estimates (€ 1,248m) and consensus (€ 1,253m). Like-for-like, growth was robust at +9.9%, which explains the bulk of the differential with our estimates (we were anticipating +7.5% and consensus +9.2%). Over the period, the group benefited from a € 30m favourable forex effect, in line with our expectati...

Christophe-Raphaël Ganet

Teleperformance : Changes to our Top Picks List: withdrawal of Interparfums and Vétoquinol

>A pretty good start to our Top Picks List - Since its updating on 21 January, our Oddo Midcap Selected List has gained 9.8% whilst the S&Midcap indices has increased by less than 6% (Mid 60: +5.9% - Cac Mid&Small: +5.1% - Cac Small: +0.6% - 40 sales: 8.2%).In Europe, the S&Midcap indices that we track rose, on average by +4/+5% (Netherlands AMS Small Cap: +5% - Germany MDax: +4.5% - Stoxx Europe 200: +3.9% - Switzerland SMI Mid: +3.9% - FTSE Italia MidCap: +6.8%...

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/25/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2019

...

Alain William ...
  • Aurelien Sivignon
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Roland Pfaender
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 25/04/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/04/2019

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

TELEPERFORMANCE increases its risk exposure and slightly lowers to Neutral

TELEPERFORMANCE (FR), a company active in the Computer Services industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 8, 2019, the closing price was EUR 149.60 and its expected value was estimated at EUR 145.24.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Convergys Corporation - Strategy, SWOT and Corporate Finance Report

Convergys Corporation - Strategy, SWOT and Corporate Finance Report Summary Convergys Corporation - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Convergys Corporation (Convergys or "the company") is engaged in customer experience outsourcing. The company provides solutions across the customer lifecycle, including sales, customer service, technical support, cus...

Charles Pinel

Teleperformance- Assemblée Générale des actionnaires du 1er octobre 2019

L'assemblée générale des actionnaires du 9 mai 2019 a approuvé une résolution d'acquisition et de vente par la société de ses propres actions pour un prix maximum unitaire de 180 €. Cependant, en raison de la hausse du cours de l'action qui s'élève actuellement à 199,6 €, il a été décidé de soumettre une nouvelle autorisation dans les mêmes termes et conditions que celle approuvée précédemment mais pour un prix maximum unitaire porté à 250 €. Le rachat a bien été exclu en période d'offre et les autres caractéristiques de la résolution semblent acceptables pour la soutenir.

Expert Corporate Governance Service (ECGS)

Teleperformance - AGM 1st October 2019

The General Meeting of shareholders held on May 9, 2019 has authorized the Board of Directors to have the Company repurchase its own shares for a maximum purchase price of €180 per share. The Teleperformance SE share price having reached €180 several times and currently amounts to around €200. It was thus decided to submit a new authorization, under similar terms and conditions to the one approved by the General Meeting held on May 9, 2019, but for a maximum purchase price brought to €250 per share. Considering these features, we recommend approval.

Charles Pinel

Téléperformance - Assemblée générale des actionnaires du 09 mai 2019

Cette année encore, la rémunération de Daniel Julien, Président-Directeur général, est trop élevée avec un montant de 4,5 M€. Contestée en 2018 avec un taux d'approbation de seulement 71,5%, il est proposé plusieurs modifications à la politique de rémunération dont la mise en place d'une attribution annuelle d'actions de performance contre tous les trois ans précédemment. Cette mesure a pour objectif notamment de réduire la proportion de la part fixe qui est très élevée. Elle a surtout un caractère inflationniste selon Proxinvest. Dans ces conditions, les résolutions portant sur les rémunérati...

Expert Corporate Governance Service (ECGS)

Teleperformance - AGM 09 May 2019

Once again this year, the remuneration of Daniel Julien, Chairman-CEO, is excessive at € 4.5 M. Contested in 2018 with an approval rate of only 71.5%, several changes to the compensation policy are proposed, including the implementation of an annual allocation of performance shares instead of every three years previously. One of the objectives of this measure is to reduce the proportion of the fixed remuneration, which is very high. According to ECGS, it is mainly inflationary. Under these conditions, the resolutions concerning the compensation of the two executive corporate officers will not ...

Teleperformance – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish HR & Staffing Stocks

Int'l Human Resources & Employment Services Groups are bottoming -- add exposure Our international Human Resources & Employment Services Groups (SV-10, -11, and -12) are showing signs of price and RS bottoms throughout Japan, Europe, and the UK... see charts below. We believe short-term pullbacks in the names highlighted today should be bought, particularly in light of the Fed hinting at increased flexibility and the potential for improving trade headlines. Today we highlight our favorite setups within our int'l HR & Employment Services Groups: Recruit Holdings Co., Ltd. (6098-JP), PERSOL ...

Valérie GASTALDY

Short term view - TELEPERFORMANCE : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €141.10.

Valérie GASTALDY

Analyse court terme - TELEPERFORMANCE : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 141,10 €.

Valérie GASTALDY

Short term view - TELEPERFORMANCE : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY

Analyse court terme - TELEPERFORMANCE : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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