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View All NewsFourth-quarter revenue up 5% at Synergie; firm looking at acquisitions
January 31, 2019
Synergie reported fourth-quarter revenue rose 5.1%. Revenue from France rose 4.2% in the fourth quarter, while revenue from outside France rose 5.9% at the Paris-based staffing firm. Synergie’s international operations include business lines across Europe as well as Synergie Hunt International in Canada and branches in Australia.
| (€ millions) | Q4 2018 | Q4 2017 | % change | Q4 2018 (USD 000s) |
| International | € 347.0 | € 327.6 | 5.9% | $396.9 |
| France | € 312.2 | € 299.7 | 4.2% | $357.1 |
| Total | € 659.2 | € 627.3 | 5.1% | $754.0 |
The company reported it is looking at possible acquisitions in the Nordic countries and Eastern Europe. It recently finalized its acquisition of Entire Recruitment of Australia.
Full-year results
| (€ millions) | FY 2018 | FY 2017 | % change | FY 2018 (USD 000s) |
| International | € 1,343.2 | € 1,172.1 | 14.6% | $1,536.3 |
| France | € 1,207.2 | € 1,150.2 | 5.0% | $1,380.8 |
| Total | € 2,550.4 | € 2,322.3 | 9.8% | $2,917.1 |
Share price and market cap
Shares in Synergie were down 0.56% to €26.80 in Paris as of 11:29 a.m. Eastern time; the company had a market cap of €656.6 million, according to FT.com.