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Estonia – CV-Online full year revenue up 18%

05 June 2017

Job search and recruitment portal CV-Online Estonia reported revenue for the full year 2016 of €4.6 million, an increase of 18% from 3.9 million last year.

CV-Online Estonia's profit during the consolidated accounting period in 2016 was €1.1 million while in 2015 profit stood at €0.8 million.

During the full year of 2016, the company employed 53 people. Meanwhile, the group's labour costs in 2016 grew from €1.72 million to €1.94 million.

The group states that its initial estimates show that it has been able to maintain the market leader role on the Baltic online recruitment services market. The company's market share in Estonia and Lithuania is nearly 50% and more than 70% in Latvia. The management of the company considers the current financial year profitable and said that business volumes are increasing.

CV-Online has operated since 1996. In 2012, it was acquired by Finnish media group Alma.. CV-Online Estonia has subsidiaries in Latvia and Lithuania.