Teleperformance: Initiation of Coverage – Mid-Term Organic Growth Strategy Fueling Our Optimism!

Teleperformance reported a strong fiscal year 2024, achieving over €10 billion in revenue for the first time and generating more than €1.08 billion in free cash flow. This represents a statutory revenue increase of 23%, or 2.6% on a like-for-like basis, demonstrating the company’s financial resilience and operational strength. The business showed notable growth through accelerated momentum quarter-over-quarter, with significant expansion in the core Business Process Outsourcing (BPO) sector, especially in EMEA and APAC regions which achieved over 7% growth in Q4.