Teleperformance: Oddo confirms rating after sales

(CercleFinance.com) - Oddo believes that Q1 sales came in well above expectations, with organic growth of 35.
9%, compared to an estimated +22.7%. Indeed, they reached 1,712 million euros, up 26.6%, or 35.9% at constant exchange rates.

This growth is much higher than analysts' estimates of 1,573 million euros (organic growth of +22.7%). The consensus was expecting a 21.4% increase LFL to 1,542 million euros, Oddo says.

Following this publication, Oddo confirms its Outperform rating on the stock, and its target price of 360 euros (10% upside potential - it is currently up 2.5%).


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