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View All NewsNetherlands – DPA Group first quarter revenue up 21% organically, profits also rise
DPA Group (DPA: NL), the Dutch staffing firm, reported revenue for the first quarter ending 31 March 2018 of €39.8 million, an increase of 21% on an organic basis when compared to the previous year.
| (€ millions) | Q1 2018 | Q1 2017 | Change | Organic |
| Revenue | 39.8 | 31.1 | 27.9% | 21.0% |
| Gross Profit | 11.6 | 8.7 | 33.3% | N/A |
| Gross Margin | 29.1% | 27.9% | N/A | N/A |
| EBITDA | 3.3 | 2.3 | 43.4% | N/A |
| Net Profit | 1.8 | 1.1 | 63.6% | N/A |
DPA added that first quarter growth is attributed to autonomous growth as well as an increase in in-house salaried employees.
Eric Winter, CEO of DPA, commented, "In 2017, DPA invested in more than 50 in-house salaried employees of additional recruiters and account managers to facilitate strong growth.”
DPA Group also reorganised its business units during the first quarter into seven units: Finance & Control, Banking & Insurance, Integrated Business Services, IT & Engineering, Legal, Government and Participations.
“It is good to see that our investments translate into revenue and profit growth in the first quarter of 2018,” Winter said.
In trading today, DPA Group traded at €1.69, up 4% on the day and 5.96% above its 52-week low of €1.60, set on 17 April 2018. Based on its current share price the company has a market value of €75.62 million.