DPA Group (DPA: NL), the Dutch staffing firm, reported revenue for the third quarter ending 30 September 2016 of €30.4 million, an increase of 13.3% compared with €26.9 million in Q3 2015. 

DPA Group attributes its revenue increase to its acquisition of ConQuaestor Interim Professionals, which was completed as of 1 October 2015, and People Group, completed with effect from 1 July 2016. Operating expenses increased by 13.0% to 5.8 million, this increase was entirely due to the consolidation of acquisitions.

DPA has continued to invest in business development in the third quarter of 2016. The company has taken a majority stake in Quantillion, a startup company driven by data support in solving strategic and operational issues.

In July DPA Greenhouse was founded, a company that focuses on investments in growth capital for entrepreneurs, companies and technologies that can play a significant role in the labour market of the future. 

On 1 October DPA Privacy started. The company stated that the implementation of the European Privacy Regulation ensured that the demand for privacy officers rises quickly. DPA established the business unit to focus exclusively on privacy and data protection to ensure better hiring and promotion of these professionals.

"We have shown a strong improvement in our results and this trend has continued in the third quarter, the first half of 2016,” Eric Winter, CEO of DPA, said. “The results underline that DPA successfully responds to the dynamics of the labour market. The rapid change, driven by digitisation and robotics, require highly adaptable organisations. DPA is constantly investing in the knowledge of its professionals so that we can facilitate organisations in their development and growth. We also have our positioning as a leading player in the flexible labour market landscape enhanced by further investment in the development of both existing and new activities. "

DPA Group NV last traded at €1.62, up 1.31% on the day and 9.94% 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 €80.03 million.