Circle8Group, previously known as The Staffing Group (De Staffing Groep) reported turnover increased by approximately 20.3% to €1.008 billion in 2023 (2022: €838 million).

The group said its five European companies have grown organically. Circle8, FixedToday (both in the Netherlands and Belgium), Seven Stars (Netherlands), Königstein (Germany) and Swisslinx (Switzerland) experienced strong demand from their existing customer portfolio.

At the same time, the various companies within Circle8Group have welcomed many new clients. More than 12,000 professionals now work for these clients through Circle8Group. IT remains a growing market for the company, but it is also seeing strong growth in tech and finance.

Turnover growth came from all services that the company offers internationally, such as recruitment/broking, contracting, recruitment & selection, payrolling, managed service providing (MSP), secondment, consulting and recruitment process outsourcing (RPO).

In August 2023, Circle8Group announced it appointed experienced staffing executive Ineke Kooistra as CEO.

Ineke Kooistra, CEO of Circle8Group said, “The result is beyond expectations. Offering a wide range of HR tech solutions for our clients in the IT, tech and finance sectors works and allows us to grow strongly. Based on our total talent flow strategy, we have been able to attract more professionals and deploy their talent with our clients.” 

The highest growth last year was achieved in recruitment/brokering, MSP and consulting. The company also expects these components to make an important contribution to growth in the coming years.

Circle8Group said the focus at its companies is on the recruitment of professionals in the newer fields within IT/Tech, such as AI and automation. Kooistra sees demand for this increasing and expects exponential growth in the coming years.

“Next year we want to continue our current growth curve, i.e. achieve more than 20% organic growth,” Kooistra said. “If we look at 2025/2026, we want to grow to a turnover of more than €2 billion.”

Kooistra also said she does not rule out that the company will make acquisitions to accelerate growth.

“We have an M&A focus on the DACH region, Scandinavia and the United Kingdom and we are looking closely at the United States,” she said.

The company added that eyes are also focused on further digitalisation and the candidate side.