Private French recruitment firm Groupe Fed reported revenue of €45.6 million in 2013, an increase of +12.3% compared with 2012. The company operates through eight specialists recruitment brands, and has announced plans to add a ninth brand in 2014.

The company’s revenue stream is comprised of 45% temporary placement and 55% from open ended or fixed-term contracts (CDI/CDD).

Groupe Fed will continue to develop its specialisms in 2014, confident that by providing a specialist business dedicated to specific industry business sectors they will stand out in the market place.

Alexandre Tamagnaud, Partner and Co-founder of Groupe Fed, commented: “The job market stabilised in 2013 and seems a little more promising for 2014, although forecasts suggest caution. We are constantly working on projects to develop our growth, which is essential in a competitive and challenging economic environment. In the coming months we will be launching a brand new specialist recruitment business to complete our offering.”