Teleperformance: Upgraded Credit Rating

Rhea-AI Summary

Standard & Poor’s has upgraded Teleperformance's credit rating to BBB, the highest in the industry.

This rating shift from BBB- to BBB signifies strong confidence in Teleperformance’s market position, operational performance, and cash flow generation. The company has shown robust organic growth compared to industry standards while effectively managing its debt post-acquisitions. Teleperformance reported €5,732 million revenue in 2020, reinforcing its capability as a leading provider of digitally integrated business services.

Positive

• Credit rating upgraded to BBB from BBB-, reflecting strong financial health.
• Leading market position and superior operating performance acknowledged by S&P.
• Higher organic growth rate than industry average.

Negative

• None.

Standard & Poor’s upgrades Teleperformance to BBB, the highest credit rating received in the industry

PARIS--(BUSINESS WIRE)-- Regulatory News:

Teleperformance (Paris:TEP), a leading global group in digitally integrated business services, announced today that its public long-term corporate credit rating has been upgraded. Standard & Poor's (S&P) has assigned Teleperformance SE an investment grade rating of BBB with a stable outlook, vs. BBB- previously.

This reflects Teleperformance’s leading market position worldwide, good service capabilities, strong operating performance, compelling prospects driven by digital transformation, and solid cash flow generation. These key differentiating assets enable the Group to maintain a much higher organic growth rate than the industry average and to deleverage after undertaking several significant acquisitions in recent years.

Teleperformance Chairman and Chief Executive Officer Daniel Julien said: “We are delighted and proud to announce that Teleperformance has won further recognition from our partners as a strong company. Our upgraded credit rating by S&P is the highest received in the industry. It confirms the ongoing confidence of the financial community in Teleperformance’s business model and in its ability to develop its activities worldwide while maintaining solid financials.”

ABOUT TELEPERFORMANCE GROUP

Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA - Bloomberg: TEP FP), a leading global group in digitally integrated business services, serves as a strategic partner to the world’s largest companies in many industries. It offers a One Office support services model combining three wide, high-value solution families: customer experience management, back-office services and business process knowledge services. These end-to-end digital solutions guarantee successful customer interaction and optimized business processes, anchored in a unique, comprehensive high tech, high touch approach. The Group's 380,000+ employees, based in 83 countries, support billions of connections every year in over 265 languages and over 170 markets, in a shared commitment to excellence as part of the “Simpler, Faster, Safer” process. This mission is supported by the use of reliable, flexible, intelligent technological solutions and compliance with the industry’s highest security and quality standards, based on Corporate Social Responsibility excellence. In 2020, Teleperformance reported consolidated revenue of €5,732 million (US$6.5 billion, based on €1 = $1.14) and net profit of €324 million.

Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, CAC Support Services, STOXX 600, S&P Europe 350 and MSCI Global Standard. In the area of corporate social responsibility, Teleperformance shares are included in the Euronext Vigeo Eurozone 120 index, the FTSE4Good index and the Solactive Europe Corporate Social Responsibility index (formerly Ethibel Sustainability Excellence Europe index).

For more information: www.teleperformance.com Follow us on Twitter: @teleperformance

View source version on businesswire.com: https://www.businesswire.com/news/home/20211122006437/en/

FINANCIAL ANALYSTS AND INVESTORS

Investor relations and financial

communication department

TELEPERFORMANCE

Tel: +33 1 53 83 59 15

investor@teleperformance.com

PRESS RELATIONS

Europe

Laurent Poinsot – Karine Allouis

IMAGE7

Tel: +33 1 53 70 74 70

teleperformance@image7.fr

PRESS RELATIONS

Americas and Asia-Pacific

Mark Pfeiffer

TELEPERFORMANCE

Tel: + 1 801-257-5811

mark.pfeiffer@teleperformance.com

Source: Teleperformance

FAQ

What does the BBB credit rating upgrade for Teleperformance (TLPFY) mean?

The BBB credit rating upgrade indicates improved financial stability and lower risk for investors, reflecting Teleperformance's strong market position and cash flow.

When was Teleperformance's credit rating upgraded by Standard & Poor's?

Standard & Poor's upgraded Teleperformance's credit rating on the date of the press release, confirming their BBB rating.

How does Teleperformance (TLPFY) compare to other companies in its industry after the upgrade?

Teleperformance now holds the highest credit rating in its industry, which indicates a stronger financial position compared to its peers.

What are the financial highlights of Teleperformance reported in 2020?

Teleperformance reported consolidated revenue of €5,732 million and a net profit of €324 million in 2020, showcasing its strong performance.

What is the outlook for Teleperformance's stock following the credit rating upgrade?

The stable outlook following the credit rating upgrade suggests continued strong performance and less risk, which may positively influence investor sentiment.