Latest news with #HugoLhomedet
Yahoo
18-06-2025
- Business
- Yahoo
TP aims to hand back 1.5 billion euros to shareholders by 2028
By Dimitri Rhodes and Hugo Lhomedet (Reuters) -French call centre and office services group TP, formerly known as Teleperformance, on Wednesday announced new medium term targets including plans to return 1.5 billion euros to shareholders by 2028. The company, which provides decentralised customer service and moderation solutions, is betting on AI-powered solutions to improve its products and counter the erosion of traditional outsourcing services by artificial intelligence. It predicted in 2023 that up to a third of its activities would be automated within the next three years. "1.5 billion could be returned to shareholders either through dividends, either through share buybacks," finance chief Olivier Rigaudy said on a call with reporters. TP said it expects like-for-like sales growth of between 4% and 6%, at constant exchange rates, in 2028. It is also targeting a recurring earnings before interest, taxes, depreciation and amortization (EBITDA) margin of 15.5% in 2028. The company aims to generate 3 billion euros ($3.45 billion) in free cash flow over the 2026-2028 period, of which 20%, roughly 600 million euros, will be used for acquisitions throughout this period, the CFO added. TP also announced on Wednesday the launch of a proprietary AI orchestration platform, FAB, to integrate artificial intelligence, human expertise, and automation. That will be supported by the acquisition of Agents Only, an AI-enabled crowdsourcing platform, it said. The outsourcing firm, which employs more than 410,000 people worldwide, announced in November it was cutting 600 jobs amid a cost-cutting plan aimed at reducing a debt that nearly doubled in 2023 following its Majorel consolidation. The group previously said it sees like-for-like sales growth of 3% to 5% and EBITDA margin increase of up to 10 basis points in 2025. ($1 = 0.8688 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
TP aims to hand back 1.5 billion euros to shareholders by 2028
By Dimitri Rhodes and Hugo Lhomedet (Reuters) -French call centre and office services group TP, formerly known as Teleperformance, on Wednesday announced new medium term targets including plans to return 1.5 billion euros to shareholders by 2028. The company, which provides decentralised customer service and moderation solutions, is betting on AI-powered solutions to improve its products and counter the erosion of traditional outsourcing services by artificial intelligence. It predicted in 2023 that up to a third of its activities would be automated within the next three years. "1.5 billion could be returned to shareholders either through dividends, either through share buybacks," finance chief Olivier Rigaudy said on a call with reporters. TP said it expects like-for-like sales growth of between 4% and 6%, at constant exchange rates, in 2028. It is also targeting a recurring earnings before interest, taxes, depreciation and amortization (EBITDA) margin of 15.5% in 2028. The company aims to generate 3 billion euros ($3.45 billion) in free cash flow over the 2026-2028 period, of which 20%, roughly 600 million euros, will be used for acquisitions throughout this period, the CFO added. TP also announced on Wednesday the launch of a proprietary AI orchestration platform, FAB, to integrate artificial intelligence, human expertise, and automation. That will be supported by the acquisition of Agents Only, an AI-enabled crowdsourcing platform, it said. The outsourcing firm, which employs more than 410,000 people worldwide, announced in November it was cutting 600 jobs amid a cost-cutting plan aimed at reducing a debt that nearly doubled in 2023 following its Majorel consolidation. The group previously said it sees like-for-like sales growth of 3% to 5% and EBITDA margin increase of up to 10 basis points in 2025. ($1 = 0.8688 euros)
Yahoo
23-04-2025
- Business
- Yahoo
Ray-Ban maker EssilorLuxottica confirms outlook, to raise US prices due to tariffs
By Hugo Lhomedet and Alessandro Parodi (Reuters) -Ray-Ban maker EssilorLuxottica ( on Wednesday confirmed its forecasts through 2026 but also said it was implementing measures including U.S. price increases to manage the impact of import duties in that country. The company, which makes lenses and sunglasses in Thailand and China and exports premium frames from Europe, is exposed to potential tariffs of up to 36% on Thailand-made products and 145% on those from China, and up to 20% on imports from Europe. "Clearly we're not immune to tariffs; we make about 43% of our revenue base in the U.S.", Chairman and CEO Francesco Milleri told analysts in a post-earnings call. "We're moving toward the price adjustment in the single-digit territory in the U.S. across the different product lines and across our distribution channels", Milleri said. He added that the company would continue diversifying its supply chain. While most of Trump's tariffs have been paused for 90 days until July 8, those on Chinese imports and a 10% universal rate remain in place. The Franco-Italian group reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros ($30.6-31.7 billion) by the end of the period. It also confirmed it expects adjusted operating profit equal to 19% to 20% of revenues by 2026, compared to 17% at the end of last year. In the first quarter, EssilorLuxottica posted a 7.3% increase at constant rates in its revenues, to 6.85 billion euros, helped by gains in Europe and the strong performance of its Ray-Ban Meta smart glasses, it said. Quarterly sales in the Asia-Pacific region, the group's fastest growing market, grew by a yearly 10.4% at constant rates, helped by rising demand for its myopia management solutions, a growing offering which Jefferies analysts expect to achieve 25-35% annual growth in the foreseeable future. "EL has largely delivered against a high consensus bar in our view, with robust revenue growth in a tough consumer marketplace," RBC said in a note. ($1 = 0.8810 euros)
Yahoo
14-02-2025
- Business
- Yahoo
Eutelsat's shares tumble as Starlink competition mounts
By Gianluca Lo Nostro and Hugo Lhomedet (Reuters) - Shares of French satellite service provider Eutelsat plunged on Friday after the company flagged lower cashflow from its geostationary equatorial orbit (GEO) satellites and forecast lower investments as competition from Elon Musk's Starlink mounts. Shares of the Paris-based group fell 17% by 1255 GMT as the firm announced its half-year results. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. The world's third-biggest satellite operator by revenue expects gross capex to come in between 500 million euros and 600 million euros ($524 million and $629 million) in 2025, down from its previous guidance of 700 and 800 million. The decrease relates to "the timing of low Earth orbit (LEO) investments as well as increased vigilance on GEO capex," Eutelsat said. The reported 535 million euro impairment on GEO satellites reflecting lower future cashflow and a weaker order book also contributed to Eutelsat's shares dropping, according to ING analyst Jan Frederik Slijkerman. STARLINK CHALLENGES Eutelsat runs 35 GEO satellites and has expanded its LEO network to up to 600 satellites after the acquisition of Britain's OneWeb in 2023. Starlink, on the other hand, operates a network of more than 7,000 LEO satellites, which provide less latency than geostationary ones as they orbit closer to Earth. "The reduction in investment ... is not enough to cope with the decline in activity on GEO satellites and the lack of LEO business," ODDO analyst Stephane Beyazian told Reuters. The Space X unit leads in the business-to-consumer (B2C) segment but it is now targeting business-to-business (B2B), an area in which Eutelsat has historically led. "We are a B2B player, but we do also see Starlink starting to come into the B2B segments as expected," CEO Eva Berneke said during a call with analysts. Starlink recently signed deals with commercial airlines to provide in-flight connectivity. Berneke added that Eutelsat has more than 1,000 aircraft in its backlog scheduled for installation, and she expects carriers to rely on both Starlink and OneWeb's capacities. ($1 = 0.9542 euros)
