French staffing firm Synergie (SDG: PAR) reported revenue for the year ending 31 December 2015 of €1.8 billion, an increase of 7.7% compared with €1.7 billion in 2014.

Synergie has continued to expand in all European countries, achieving turnover of €874.9 million, representing overall growth of 13.2%. The Group showed growth in countries where it is solidly established such as Italy at 22%, Belgium at 16% and Spain with 16%.

Turnover in France came out at €924.0 million, with a sharp recovery in the 4th quarter.

According to Synergie, the Group’s high business volumes, combined with better cost control and the impact of the French CICE tax credit to promote competitiveness and employment, substantially boosted the company’s operating profit by 24% to €76.4 million.

EBIT grew by 21% to €89 million, with France contributing €65.4 million.

Synergie continued to perform in all of its markets in the early months of the year, with particularly strong growth in France, where the network once again outperformed the market. The implementation of the new global services offering resulting from the 2014/2015 action plan has produced results, confirming recruitment and high value-added placement as a major area for growth. In this context, the Group is pursuing its strategy of rolling out into dynamic regions and sectors, particularly outside France, and is also actively seeking takeover targets, in particular to enable it to become stronger in countries where the Group is already present.

The German company Cavallo, which generates annual turnover of €25 million and which was integrated at the beginning of this year, is fully in line with the Group's development objectives in Germany, where Synergie aims to be a major player on a national scale.

Synergie aims to achieve turnover of close to €2 billion in this financial year.

In trading today, Synergie traded at €25.67, up 2.11% on the day and 3.46 % below its 52-week high of €26.59, set on 31 December 2015. Based on its current share price the company has a market value of €612.46 million.