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View All NewsSweden - SJR in Scandinavia Reports Continued Growth in Q2
Swedish staffing firm SJR in Scandinavia (SJRB: SS) reported continued growth and good operating margins, in its interim report April-June 2016.
| Q2 2016 | EUR | Q2 2016 | EUR | Change | |
| Revenue | SEK 87.3 million | €9.2 million | SEK 82.2 million | €8.7 million | 6.2% |
| Operating Profit | SEK 8.7 million | €0.9 million | SEK 8.2 million | €0.9 million | 6.0% |
| Profit after Tax | SEK 6.8 million | €0.7 million | SEK 6.4 million | €0.7 million | 6.2% |
Exchange rate 0.1063 Oanda
Per Ogunro, CEO of SJR in Scandinavia, commenting on the report, said “During the first quarter of 2016 SJR increased staffing turnover by 9.0%. Growth was strongest in western and southern Sweden. In the area of Accounting / Finance, growth was 6.0%. During the first quarter of 2016 growth was 0.7%. During the second quarter of 2016 SJR sales increased by 6.2% with a good
operating margin of 10.0%. The proportion of recruitment to total sales amounts to 14%
compared with 11% in the previous year, having a positive impact on profitability.
“We are in an economic boom and all regions are under high pressure. There are no indications to suggest that this will change over the next quarters. The forecast therefore sees continued growth for SJR.
“Our goal is to increase sales while maintaining operating margins. During the first half, we have hired staff to allow for expansion. This should show results during 2017.
SJR in Scandinavia AB (publ) is one of the leading recruitment and consulting firms specializing in Accounting / Finance. As of last trade SJR in Scandinavia AB (SJR B:STO) traded at SEK 37.40, -4.31% below its 52-week high of 39.08, set on the 22nd April 2016. This means the company is valued at SEK 359.04 million (€38.2 million)