Daily News

View All News

Synergie revenue rises 9% in third quarter

October 24, 2018

Synergie, a Paris-based staffing firm with international operations, reported third-quarter revenue rose 9.2% with much of the growth occurring outside France. The firm has operations in Canada and ranks as one of the world’s largest staffing companies.

(€ millions) Q3 2018 Q3 2017 % change Q3 2018 (US millions)
International revenue € 346.4 € 302.4 14.6% $401.9
Revenue from France € 306.4 € 295.7 3.6% $355.5
Total € 652.8 € 598.1 9.2% $757.3

International activity now accounts for 53% of consolidated activity. The company, which operates a network of 710 agencies, stated that expansion outside of France continued at a strong pace over the first nine months of the year, up 18.0% to €996.1 million (US$1.15 billion), with net increases in its strongest regions: up 16.4 % in southern Europe and 6.9 % in the Benelux countries.

“In a more strained recruitment environment, Synergie maintained its solid positions both in France and internationally by optimizing its cross-sourcing offer and investing in training for both temporary and permanent employees,” Synergie stated.

Shares in Synergie fell 3.02% to €27.25 at the close of market today in Europe.