Paris-based staffing firm Synergie reported fourth-quarter revenue rose 5.1% to €659.2 million. The group reported growth in both domestic and international operations.

Synergie also reported annual revenue growth for 2018 of 9.8%, and 5.8 % on a like-for-like basis, when compared to 2017, to €2.55 billion.

The group’s expansion outside of France continued at a strong pace over the period, reaching € 1.34 billion (+14.6%), with net increases in its strongest regions, southern Europe in particular (+14.3 %). International activity now accounts for 53% of consolidated activity.

In France, annual revenue reached € 1.20 billion, up 5% and 2.8 % on a like-for-like basis.

Synergie added that digital services company DCS Easyware has generated growth of nearly 10 % since its integration in June 2018.

In January 2019, Synergie announced that it had signed an agreement to acquire Australian temporary employment firm Entire Recruitment. 

“In a more strained recruitment environment, Synergie maintained its solid positions both in France and internationally by optimising its cross-sourcing offer and investing in training for both temporary and permanent employees,” the group stated. “Confident in its performances and benefiting from a stronger financial structure, Synergie Group is actively seeking opportunities for external growth, notably with a view to expansion in Nordic countries and Eastern Europe”.

In trading yesterday, Synergie shares closed at €26.95, up 2.67% on the day and 19.25% above the 52 week low of €22.60 set on 3 January 2019. Based on its current share price the company has a market value of €639.50 million.