DPA Group (DPA: NL), the Dutch staffing firm, announced today that it has postponed the publication of its annual results.

In a statement, the company said, “with the stricter requirements imposed on the audit of a listed company, this has meant that the production of the annual accounts has not yet been fully completed. In order to be able to pay due attention to this process, DPA management has decided to postpone publication of the annual figures. The publication is expected to take place in early April 2018.”

The group added that the new date of the General Meeting of Shareholders will also be published during that time.

DPA Group also stated that it tightened it's strategy in the fourth quarter of 2017 by clustering business units, which resulted in a more efficient organisational structure, as well as integrating digitisation and automation in its back-office activities.

During the year, DPA's turnover in 2017 amounted to approximately €137 million, up 9% from €126 million last year. During the full financial year of 2017, an increase of revenue growth was reported every quarter. 

In 2017, the group’s investment in its workforce led to a total of 1,401 professionals and 223 employees, an increase from the previous year. The management of DPA expects that the investments in own professionals, new activities and technological innovations will pay off in 2018.

DPA Group also announced that the Supervisory Board intends to appoint Désirée Theyse as a member of the Board of Management in the position of CFO the day after the next General Meeting of Shareholders. Theyse has been with DPA as Corporate Strategic Director since 1 January 2018.

In trading today, DPA Group shares traded at €1.87, down 5.79% on the day. Based on its current share price the company has a market value of €86.89 million.