Transcom’s French subsidiary placed in liquidation proceedings
Transcom WorldWide S.A. today announced that its French subsidiary, Transcom WorldWide (France) S.A.S., has been placed in liquidation proceedings by the Commercial Court of Versailles. A liquidator appointed by the Court will take over management of the subsidiary, Transcom WorldWide (France) S.A.S., as of today.
As a consequence, Transcom WorldWide (France) S.A.S. will be excluded from consolidation in Transcom WorldWide S.A.’s Group accounts as of March 1, 2013. In 2012, Transcom WorldWide (France) S.A.S. reported revenues amounting to €6.4 million, an operating loss of €5.4 million, and a negative cash flow of €12.5 million. Shareholders’ equity booked in the balance sheet of Transcom WorldWide (France) S.A.S. amounted to negative €9.2 million as at December 31, 2012.
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88
Transcom is a global customer experience specialist, providing customer care, sales, technical support and credit management services through our extensive network of contact centers and work-at-home agents. We are 30,000 customer experience specialists at 67 contact centers across 27 countries, delivering services in 33 languages to over 400 international brands in various industry verticals. Transcom WorldWide S.A. Class A and Class B shares are listed on the NASDAQ OMX Stockholm Exchange under the symbols TWW SDB A and TWW SDB B.