Italian recruitment firm, Openjobmetis SpA (OJM:MIL) reported revenue for the first nine months ended 30 September 2018 of €443.6 million, an increase of 3.2% compared with last year.

Openjobmetis engages in employment services and focuses on the provision of specialist recruitment activities.

The group said that revenue growth was mainly attributed to an increase in the volume of business in terms of temporary worker hours sold to customers.

Revenue from personnel recruitment and selection increased by 57.1% compared with the same period in 2017.

Profit was impacted by costs related to an agreement that Openjobmetis struck with the tax authorities for the years 2007 to 2015 in order to settle a dispute.

Revenue by business was as follows.

In April 2018, the group appointed the new Board of Directors and the new Board of Statutory Auditors for 2018-2020. On 24 April, the new Board of Directors confirmed Rosario Rasizza as Managing Director.

At the end of April 2018, Openjobmetis purchased “Badaplus”, an app for tablets and smartphones to serve the Family Care Division of Openjobmetis.

In June 2018, Openjobmetis acquired Coverclip Srl, a Milan-based company that owns Meritocracy, an online job-matching platform.

In July 2018, the company acquired 70% of the share capital of HC Human Connection, an educational company that carries out interventions dedicated to the development and coaching of human resources in organisations.

As of last trade Openjobmetis traded at €7.76, down 1.52% on the day and 6.30% above its 52-week low of 7.30, set on 15 October 2018. Based on its current share price the company has a market value of €108.05 million.