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France – Synergie annual profits surge

April 11 2012

Annual revenues were up by +17.4% from €1,232.7 million in 2010 to €1,446.6 million in 2011 at Synergie SA (SDG:PAR), the French staffing and training services group. All of Synergie’s operations contributed to the rise in revenues, which grew organically by +16.1% in 2011, compared to 2010.

The group’s operating income (Résultat opérationnel) increased by +28.5% from €34.2 million in 2010 to €44 million in 2011. Net income (Résultat net Part du Groupe) rose by +23.1% from €15.4 million in 2010 to €18.9 million in 2011.

Synergie also announced that the group is poised for further internal and external growth, fuelled by €192.2 million of available cash.

The President of Synergie, Daniel Augereau said that “In 2011 we have largely outperformed the markets where we are present; this is due to the group’s focus on servicing high growth sectors as well as our strong presence in some of the healthiest markets. Thanks to this record high revenue we have gained a very strong financial situation that will allow us to play a major role on the European market place.”

Synergie is one of the top 5 staffing firms in France, according to Staffing Industry Analysts’ research which will be updated in May 2012.

The group specialises in temporary employment, out-placement, recruitment and training services operating in a range of economic sectors, notably industry. The Company has 600 agencies in 14 countries across Europe and Canada. It has 2,300 employees and works with 82,000 agency workers.

In early trading today, the company’s share price increased +1.12% to €9.05, which is down -29.12% from a year ago but +19.08% above the 52-week low of €7.60 set on 23 Nov 2011. The firm has a market capitalisation of €218.04 million. 

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