Krongaard AG, a Hamburg-based recruitment firm for high-level contract positions in finance and IT in Germany, reported revenue for the full year 2016.

Revenue grew by 29% to €40.1 million, and EBIT rose by 13 % to €2.3 Mill., despite strong investments in staff growth, IT systems and larger offices.

 “We continued to grow and could expand our client base substantially”, Jan Jagemann, co-founder and CEO of Krongaard AG said. “The Krongaard Brand stands for excellent service and perfect access to top-level candidates for Finance and IT projects in the German market. We focus on the challenging project requirements, where the search process is demanding and our specialized recruitment teams can make the difference by delivering perfect matches. Our clients value this focus”

 The company stated that growth in the first half of 2017 is in line with expectations.

“In 2017 we continue to invest in growth and development of our people, and the development in the first months of the year has been very encouraging”, Jagemann said.

 Krongaard launched in 2009 provides specialist staffing services within finance and IT skills, and supplies temporary professional staff to major listed firms and SMEs, including banks, insurance, retail, energy, and pharmaceutical companies.