DPA Group (DPA: NL), the Dutch staffing firm, reported revenue for the first six months of the year of €75.3 million, an increase of 4.2% on an organic basis when compared to the previous year.

Eric Winter, CEO of DPA commented, “During the past six months, DPA benefited from the strategic choice made to put extra focus on our core propositions. To this end, the specialist activities have been brought together in the Legal, Finance, Integrated Business Services, Government, IT and Banking & Insurance clusters. This was accompanied by the privatisation and termination of non-core activities and the sale of Cauberg Huygen, which led to a substantial increase in EBITDA. "

DPA said in recent years that it has adjusted its business model to further specialisation from clusters with support from an efficient holding company. Due to the simplification of the organisational structure, sales and management costs decreased by 14.4% to €14.6 million.

In June 2019 DPA announced that it appointed Arnold van Mameren as CEO of the group. 

“Our challenge is to properly anticipate new developments and market demands and, above all, to be an attractive employer,” Winter said. “This is also at the top of the agenda of my intended successor Arnold van Mameren. DPA continues to invest in professional and personal development of professionals. Just like most other companies, we are faced with increasing staff turnover in combination with scarcity. From the clusters, we therefore focus extra strongly on recruiting and keeping people interested. “

DPA operates in three segments: Finance & Banking, Legal & Government, and IT and Integrated Business Services (excluding Your Professionals). Revenue by sector is broken down as follows:

Looking ahead the company said it is in good financial shape with its H1 2019 results.

“Our priorities are further shaping the value strategy and achieving growth from the clusters,” the company stated. “In view of the continuing labour market shortage, the focus is on the development and retention of our professionals. The results in the second half of the financial year are expected to be in line with those in the first half.”

As of last trade, DPA Group traded at €1.43, no change on the day and 15.32% above the 52 week low of €1.24 set on 11 December 2018. Based on its current share price the company has a market value of €63.41 million.