Swedish staffing company SJR in Scandinavia (SJRB: SS) reported revenue for the fourth quarter ending 31 December 2017 of SEK 99.8 million (€9.9 million), an increase of 10.2% compared to the same period last year.

SJR in Scandinavia also reported full year revenue of SEK 385.4 million (€38.5 million), up 12.5% from the previous year.

The company primarily focuses on the economic, banking, and financial sectors. The company, through its consulting business, works in cooperation with a number of banking and financial institutions in Sweden, as well as with the finance and accounting departments of a number of Swedish companies.

“2017 has been a good year, there is a boom and demand for the SJR services,” Per Ogunro, CEO of SJR, said. “The market continues to change paths. New jobs change. SJR wants to be at the forefront of this change that happens in the market.”

During the year, SJR merged with its subsidiary SW in Scandinavia AB, which provides consulting and recruitment services. The group stated that this merger resulted in a decrease in activity for administrative services and simpler consulting services within the group. The aim of the integration is that SJR will be even more specialized as before.

In trading today, SJR in Scandinavia traded at SEK 46.40 (€4.64), down 0.64% on  the day and 6.83% below its 52-week high of SEK 49.80 (€4.98), set on 24 January 2018. Based on its current share price the company has a market value of SEK 448.32 million (€44.8 million).