Tessi reports first half 2019 turnover of EUR 228.9 million

* Turnover excluding the CPoR Devises business sold in late 2018, for the sake of comparison.

Tessi, a global provider of Business Process Services, posted first half 2019 turnover of €228.9 million, up 11.4% from H1 2018.

Owliance, a company acquired on 30 June 2018, contributed €18.8 million to first half turnover.

At constant consolidation scope (excluding Owliance and Tessi Austria in 2018), turnover rose 2.7%.

Guidance

Tessi plans to pursue its development in France and overseas by continuing to combine organic growth and acquisitions.

In keeping with this strategy, on 31 July (see press release) Tessi announced an agreement to acquire customer relations specialist ADM Value. The acquisition is subject to a number of conditions precedent, including the completion of a €39 million capital increase open to all shareholders in Q4 2019, subject to AMF approval of the prospectus.