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View All NewsItaly – Openjobmetis H1 shows improvement in revenue and profits
Italian recruitment firm, Openjobmetis SpA (OJM:MIL) reported revenue for the half year ending 30 June 2017 of €284.5 million, an increase of 34.1% compared with €212.1 million last year.
(€ millions) | H1 2017 | H1 2016 | Change |
Revenue | 284.5 | 212.1 | 34.1% |
EBITDA | 11.4 | 6.7 | 69.8% |
Net Profit | 6.9 | 3.0 | 129.0% |
Managing Director Rosario Rasizza commented, “Now it is time to innovate ourselves and the processes that link our business model to make it even more effective and efficient. In the autumn, we will launch our first mobile application. Innovation, the push for the originality of new services and products, will be broader than what we have been able to express to date, also supported by this favourable market moment and the increasingly growing number of cross-selling customers. Innovating means constantly seeking new solutions that bring added value to our business model”.
Looking forward Openjobmetis states they have a confident outlook for the second half of the year due to a better performance in the second quarter compared to the first, however the company did not provide a detailed report for the second quarter.
In trading today Openjobmetis traded at 12.42, up 6.06% on the day and 1.74% below its 52-week high of €12.64, set on 31 July 2017. Based on its current share price the company has a market value of 160.57 million.