French staffing firm Synergie (SDG: PAR) reported revenue growth for the first quarter of 17.8% on a like-for-like basis to €516.1 million, up from €437.2 million last year.

Revenue for the quarter was broken down as follows: 

According to Synergie, growth momentum continued in France with a 13.8% increase in turnover, once again outpacing the market (+10.5% according to Prism’emploi data at end-February). This momentum reflects the investments made in 2016 (hiring consultants, rollout of a new offer, intensive training programmes, etc.) and present market trends, Synergie stated.

Turnover from international activities, which now account for 50% of group turnover, grew by 22.7%, with growth of 30.8% in southern Europe, 13% in northern and eastern Europe and 41.8% outside Europe (Canada/Australia).

Synergie states that it is actively pursuing its expansion strategy in France and abroad and, in particular, is currently examining takeover projects.

As of last trade Synergie traded at €38.44,up 0.92% on the day and 7.82% below its 52-week high of €41.70, set on 8 March 2017. Based on its current share price the company has a market value of €927.9 million.