Full Year 2024 Teleperformance SE Earnings Call Transcript
Key Points
- Teleperformance SE (TLPFF) achieved over EUR10 billion in revenue for the first time, marking a 23% increase on a statutory basis.
- The company generated more than EUR1.08 billion in free cash flow, demonstrating a strong and resilient business model.
- Specialized services experienced double-digit growth, showcasing the strength and resilience of this business segment.
- The integration with Majorel is on track, with over EUR90 million in synergies recorded, aiming for EUR150 million.
- Teleperformance SE (TLPFF) is proposing an increase in the dividend to EUR4.20 per share, with a payout ratio rising to 48%.
- A long-standing visa services contract was not renewed, causing a dip in Q4 and impacting growth momentum.
- The company experienced a 60-basis point negative impact on margins due to FX effects in 2024.
- The non-renewal of the TLS contract will cause a 60-basis point negative impact on 2025 margins.
- There is a planned voluntary departure of 600 employees in France, with limited impact expected in 2025.
- The company faces pricing pressure in certain segments, such as the telecom vertical, which saw a reduction.
Hello. Good morning. Let's get started.
Yes. Good morning. Good morning, everyone, and a warm welcome from Olivier and myself to our annual press conference for the year 2024. In the usual manner, we will talk about the key highlights, we will deep dive into the financial results of last year in Q4, we will provide an outlook for 2025. We will also provide you some updates and first glimpses in our new strategy with regard to AI because that has been a constant topic of questions from our investors, and of course we are open to Q&A from your side.
So what are the highlights? As you have seen, 2024 was a year for us where we have achieved all our financial results. TP has for the first time delivered more than EUR10 billion revenue, which means a statutory increase of 23% on a like-for-like basis, 2.6%. With
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