H1 2016 turnover up 42.3% to EUR 203 million, including 12.1% like-for-like growth

> Consolidated turnover (1 January - 30 June)

€m
2016
2015
Change (%)

Q1 turnover
99.9
69.2
+44.5%

Q2 turnover
103.1
73.5
+40.2%

H1 turnover
203.0
142.7
+42.3%

> Q2 turnover up 40.2%, including 9.1% like-for-like growth

In the second quarter of 2016, Tessi crossed the symbolic quarterly threshold of €100 million, posting turnover of €103.1 million, up €29.6 million or 40.2% from the same period last year, including 9.1% like-for-like growth excluding the latest acquisitions (Diagonal Company, Tessi documents solutions Switzerland and Austria, BPO Solutions).

CPoR Devises' turnover fell, as in the previous quarter, from €12.1 million to €9.5 million, while business continued to flourish for Tessi documents services (turnover of €86.9 million, up 57% including 15.8% like for like) and Tessi customer marketing (€6.7 million, up 8.7%).

> First half turnover up 42.3%, including 12.1% like for like

Consolidated turnover for the first half of 2016 rose by 42.3% to €203 million, up €60.3 million including €17.3 million excluding recent acquisitions.

CPoR Devises' first half turnover fell €3.3 million to €19.7 million.

Tessi documents services maintained strong growth, posting first half turnover of €170.4 million, up 58.9% including 19.1% like for like.

Tessi customer marketing confirmed its recovery by posting a 4% increase in turnover to €12.9 million.

> 2016 guidance

In 2016, Tessi will focus on integrating acquisitions and achieving the Group's customary profit levels with the newly expanded consolidation scope. The Group will also pursue its policy of innovation and acquiring new expertise in France and abroad.

Next release

H1 2016 results,

6 September 2016 after market close.

About Tessi:

Tessi is the No. 1 document processing specialist in France

Listed on Euronext Paris Compartment B - ISIN code – FR0004529147 – Ticker: TES

Head office in Grenoble, France (38)

Founded in 1971 and acquired in 1979 by Marc Rebouah, the current CEO

French No. 1 in cheque receipt and processing

French No. 1 in foreign exchange and gold trading

French No. 1 in managing deferred promotional operations

For further information visit: www.tessi.fr

Contacts

Tessi

Corinne Rebouah

Executive Secretary - Director of Communication

Tel. +33 (0)4 76 70 59 10

[email protected]
Actus

Amalia Naveira / Investor Relations

Marie Claude Triquet / Media Relations

Tel. + 33 (0)4 72 18 04 90

[email protected] / [email protected]