TP confirms 2026 targets after revenue decline narrows
TP confirms 2026 targets after revenue decline narrows July 30 (Reuters) - French outsourcing firm TP TEPRF.PA confirmed its 2026 targets on Thursday after its second-quarter like-for-like revenue decline narrowed, helped by growth in AI-powered and back-office services that partly offset continued weakness in trust and safety operations.
The group, formerly known as Teleperformance, reported first-half revenue of 4.88 billion euros ($5.62 billion), down 1.7% on a like-for-like basis.
Core Services revenue fell 1.0% like-for-like in the second quarter, while the Americas returned to growth with revenue up 1.1%
Specialized Services revenue declined 2.4% like-for-like in the quarter, improving from a 5.5% decline in the first quarter
First-half recurring EBITA fell to 662 million euros from 697 million euros with margin unchanged at 13.6%.
The group confirmed its full year guidance.
The group raised expected 2026 restructuring costs to between 120-140 million euros and said its efficiency programme should generate annual run-rate savings of 150-170 million euros.
($1 = 0.8678 euros)
(Reporting by Hugo Lhomedet; Editing by Matt Scuffham)
((hugo.lhomedet@thomsonreuters.com))