French staffing firm Synergie (SDG: PAR) reported revenue of €1,991.5 million for the full year ending 31 December 2016, an increase of 10.3% on a like-for-like basis compared with €1,798.9 million during the same period last year.

Operating Profit for the full year stood at €96 million, an increase of 7.8% compared to €89.0 million in the previous year.

Growth in the fourth quarter of 2016 increased by 11.7% compared to the previous year and was the strongest quarterly growth for the year despite one less working day (impact of €8.2 million) and the depreciation of the pound sterling (impact of €5.8 million over the quarter).

At €958.3 million, the group's international revenue (48% of consolidated turnover) showed growth (+9.5%), notably in regions in which Synergie is well established, such as the Benelux countries (+15.2%) and southern Europe (+15.2%).

In France, turnover saw double-digit growth throughout the year, surpassing the €1 billion threshold for the first time (+11.8%).

According to the group, this performance can be attributed to strategic investment in high growth sectors such as aeronautics, renewable energies and specialised services in an economic environment that shows positive trends for all activities.

The group also pursued negotiations with several European networks to extend its offering among large continental accounts, while at the same time maintaining sufficient geographical and human proximity to deliver services that meet the requirements of all our clients. On the back of this performance and its solid financial position, Synergie aims to generate turnover of around €2.2 billion over the current financial year.

As of last trade Synergie traded at €38.00, up 0.56% on the day and 8.87% 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 €920.6 million.