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View All NewsFrance – Freelance.com revenue rises 29% in Q4, full year revenue increases 21%
French online staffing group Freelance.com (EPA: ALFRE) reported revenue last Friday of €59.0 million for the fourth quarter, an increase of 29% when compared to the previous year.
The group also stated that this is the 12th consecutive quarter of double-digit growth.
Freelance.com also published its full year results showing an increase in revenue of 21% in 2018.
| (in € millions) | 2018 | 2017 | Change |
| Q1 | 42.9 | 36.8 | 17% |
| Q2 | 46.0 | 39.2 | 17% |
| Q3 | 39.6 | 32.8 | 21% |
| Q4 | 59.0 | 45.7 | 29% |
| Full Year | 187.5 | 154.5 | 21% |
Freelance.com reported revenue of €136.3 million in France for 2018, an increase of 21%. France makes up 73% of the total group’s revenue.
Internationally, (Germany, Morocco, Switzerland) revenue stood at €51.3 million, an increase of 21%.
In 2019, Freelance.com’s objective is to surpass €220 million in revenue and operating income of over €7 million.
On Friday, Freelance.com shares closed at €1.83, up 7.02% on the day and 2.66% below its 52-week high of €1.88, set on 4 December 2018. Based on its current share price the company has a market value of €65.46 million.