Majorel jumps after strong Q3, guidance hike
04/11/2021 09:01
** Shares in customer experience (CX) operator Majorel Group
Luxembourg MAJ.AS inch higher 1.9%, paring earlier gains of as
much as about 8%, after the company posted strong Q3 performance
and upgraded its 2021 guidance urn:newsml:reuters.com:*:nFWN2RU2B3
** Majorel's Q3 net revenues came at 440 million euros, a
30% increase year-on-year
** It now expects FY net revenues to be in the range of EUR
1.7-1.75 bln (EUR 1.65-1.7 bln previously), and operating EBITDA
of between EUR 290-310 mln (EUR 280-300 mln previously)
** "Strong Q3 revenue growth of 30% reflects buoyant demand
across markets" says Citi, pointing to "impressive 54% YoY
growth" delivered by global internet business
** JP Morgan, which also highlights the solid performance,
notes Majorel shares are trading at a 37% discount to the wider
peer group of CXM players
(Reporting by Federica Mileo in Gdansk)
((Federica.mileo@thomsonreuters.com))