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France – Synergie reports full year revenue up 16.2% on a like-for-like basis

05 April 2018

French staffing firm Synergie (SDG: PAR) published its full year revenue for the year ended 31 December 2017 of €2,323.2 million, an increase of 16.2% on a like-for-like basis when compared to the same period in the previous year. Reported year-on-year growth was 16.6%.

Synergie reported fourth-quarter revenue earlier this year with revenue up 19.7% on the year.

(€ millions) 2017 2016 Change Like-for-like
Revenue 2,323.2 1,991.8 16.6% 16.2%
Operating Profit 116.2 96.0 21.0% N/A
Profit Before Tax 115.1 93.2 23.6% N/A
Net Profit 81.5 65.0 25.4 N/A

The company’s international business, which accounts for 50.5 % of consolidated revenue, posted revenue of €1,172.6 million, up 22.3 % on the year.

Revenue in France reached €1,150.6 million, up 11.4 %.

Synergie reported consolidated growth at the end of February surpassing 15 %, underpinning its turnover target for the current year of €2.6 billion.

In trading today Synergie traded at €51.40, down 0.96% and 4.10% below its 52-week high of €53.60, set on 20 March 2018. Based on its current share price the company has a market value of €1.25 billion.