TP (formerly Teleperformance) revised its annual outlook downward on Wednesday, citing an increasingly volatile business environment that has impacted its latest activity forecasts.
The French call center operator now expects like-for-like revenue growth between 1.0% and 2.0%. Previous targets were set at the lower end of the initial 2% to 4% range.
The current Ebita margin is now expected to be between 14.7% and 15% at constant exchange rates, compared to previous guidance of 15% to 15.1% at constant exchange rates.
The group, which exited the CAC 40 index in September, now anticipates generating around 900 million euros in available net cash flow, excluding non-recurring outflows. In its previous targets, the operator was aiming for approximately 1 billion euros, excluding non-recurring items.
TP reported revenue of 2.507 billion euros for the quarter ended September 30, down 0.5% on a reported basis and up 1.5% on a like-for-like basis.
(Written by Coralie Lamarque; edited by Blandine Hénault)
