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View All NewsFrance – Synergie Q1 revenue up 2.5% on like-for-like basis
French staffing firm Synergie (SDG: PAR) reported revenue yesterday for the first quarter ending 31 March 2019 of €621.2 million, an increase of 5.4% when compared to the same period in the previous year and 2.5% on a like-for-like basis.
Revenue in French operations increased by 7.1% and 3.1% on a like-for-like basis. Growth was underpinned by a robust performance in temporary employment (3.2% in a market that showed growth of +1% at the end-February according to the national staffing association, Prism’Emploi) and strong growth at DCS Easyware, the French digital services company consolidated in June 2018, which generated revenue of €11 million (up 11.8%) over the quarter.
International revenue was up 3.9% (2.0% on a like-for-like basis). International operations were supported by growth in Spain and Italy in the first quarter.
(€ millions) | Q1 2019 | Q1 2018 | Change | Like-for-Like |
International | 323.9 | 311.9 | 3.9% | 2.0% |
France | 297.3 | 277.7 | 7.1% | 3.1% |
Total | 621.2 | 589.6 | 5.4% | 2.5% |
Synergie added that it is actively examining potential new acquisitions in Europe and around the world.
In trading yesterday, Synergie shares traded at €33.00, down 1.79% on the day. Based on its current share price the company has a market value of €803.94 million.