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View All NewsFrance – Synergie reports record annual revenue in 2014
French recruitment firm Synergie (SDG: PAR) reported revenue for the fourth quarter ending 31 December 2014 of €430.7 million, an increase of 5.1% compared with €409.9 million during the same period last year.
(€m) | Q4 2014 | Q4 2013 | Change | FY 2014 | FY 2013 | Change |
International | 206.7 | 185.0 | +11.7% | 772.8 | 669.0 | +15.5% |
France | 224.0 | 224.9 | -0.4% | 896.4 | 850.7 | +5.4% |
Total Revenue | 430.7 | 409.9 | +5.1% | 1,669.2 | 1,519.7 | +9.8% |
Daniel Augereau, Chairman and CEO of Synergie, commented: “During the fourth quarter, the Group once again outperformed [the] market in all of the countries where it is currently established. As such, with the international side now contributing 48% to the consolidated business, Synergie maintained double-digit growth throughout the past year.”
“With €772.8 million, the international side posted significant advances in Europe, where the Group has become a major player, notably in Spain where, after having successfully integrated the SOLEMPLEO network (revenue of €13.7 million over the full year), the growth was equal to 46.8% (32.1% on a like-for-like basis).”
Revenue from Synergie’s Spanish operations for the year surpassed expectations by reaching €118.3 million, against a previously forecast €100 million.
Strong year-on-year growth was also reported in Portugal (40.4%), Great Britain (13.6% in constant currency), Belgium (10.6%), and Italy (8.3%).
Looking forward, Synergie has targeted global revenue of €2 billion by the end of 2016.
In trading today, the company’s share price rose by 2% to €19.18, an increase of 22.9% compared with last year. Based on its current share price, the company has a market value of €466.3 million.