EU TECHNOLOGY: TECHNOLOGY: Teleperformance Q3 Revenues Soft; FY Guidance Confirmed

Nov-07 06:12

RCFFP 

  • Q3 revenue +3% LFL (vs. BBG cons +3.65%) for 9M23 +2.1%
  • Core Services +1.6% YoY (vs. c.+2.2%; ~85% of the business) with Americas +0.3% and Europe +2.8% (roughly half of core services each). Specialized services +11.6% (vs. c.+10.4%; remaining 15%).
  • Majorel integration proceeding as planned; update to come at FY24
  • FY guidance of 2-4% LFL growth confirmed.
  • “We do believe that we have a very robust balance sheet with leverage, which will be less than 2x EBITDA.” (from 2.11x at H1)

Historical bullets

EURJPY TECHS: Trading Just Ahead Of Key Resistance

Oct-08 06:03
  • RES 4: 166.53 High Jul 31   
  • RES 3: 165.00 Round number resistance  
  • RES 2: 163.89 High Aug 15 and a reversal trigger   
  • RES 1: 163.57 High Oct 7
  • PRICE: 162.66 @ 07:02 BST Oct 8
  • SUP 1: 160.55 20-day EMA   
  • SUP 2: 158.11/155.15 Low Sep 30 / Low Sep 16
  • SUP 3: 154.42 Low Aug 5 and the bear trigger
  • SUP 4: 153.87 Low Dec 14 ‘23

EURJPY traded higher last week, resulting in a breach of the 50-day EMA, at 161.52. Key short-term resistance is unchanged at 163.49, the Sep 27 high (pierced), and 163.89, the Aug 15 high. A clear break of both price points would highlight a potential reversal. For now, trend signals are bearish and gains are still considered corrective. A reversal lower and a resumption of bearish price action would open 154.42, Aug 5 low and the bear trigger.

MNI: GERMANY AUG IND PROD +2.9% M/M

Oct-08 06:01



  • MNI: GERMANY AUG IND PROD +2.9% M/M

MNI: SWEDEN SEP CPIF +1.15% Y/Y

Oct-08 06:00



  • MNI: SWEDEN SEP CPIF +1.15% Y/Y