DPA Group (DPA: NL), the Dutch staffing firm, reported revenue for the full year ending 31 December 2016 of €125.6 million, an increase of 8% compared with €116.3 million the previous year.

DPA credits full year revenue growth to the consolidation effect of acquisitions.

In July 2016, DPA acquired a majority stake in People Group. The acquired company contributed €1.2 million to the 2016 turnover.

The group has also agreed to purchase 61.1% of Your Professionals, a company that mediates professionals for permanent and interim positions within the specialization fields of finance, IT, technology, engineering and housing associations. It is expected this new activity will contribute directly to the profitability of DPA.

In fiscal 2016, DPA reported a profit after tax of €6.9 million (2015: €4.8 million).

The company’s Finance, Banking & Insurance segment reported the largest share of sales with €67.9 million in 2016, making up 54.1% of the total revenue. The sales growth in this segment is primarily due to the consolidation effect of ConQuaestor Interim Professionals.

"This past year we have paid great attention to the development of the specialised knowledge of our professionals,” Eric Winter, CEO, said. “Also, several young professional programs started and we have set DPA Greenhouse.”

“Another important step was joining forces with People Group,” Winter said. “What we see is that our long-term strategy allows us an excellent position to move with the dynamics in our markets. The emphasis here is on organic growth, the economies of scale and investment in knowledge and skills.”

Looking forward, the company stated, “The sustained growth recovery of the Dutch economy is strongly reflected in the labour market. Developments such as digitisation and changing legislation further contribute to a sustained demand for highly skilled professionals. DPA is well positioned to play in the right way in, including through its ongoing recruitment and the way the business units specialised professionals focused deployment, support and training. By building on the added value of the service DPA expected to re-strengthen the positions in most of its markets in 2017.”

In trading today, DPA Group NV traded at €1.72, up 1.47% on the day and 4.44% below its 52-week high of €1.80, set on 29 August 2016. Based on its current share price the company has a market value of €84.79 million.