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View All NewsSynergie revenue rises 9% in third quarter
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.