French staffing firm Synergie (SDG: PAR) published its 2023 full-year financial statements yesterday and provided an updated market outlook.

Earlier this year, the group reported fourth-quarter and full-year turnover figures.

International sales now account for 58% of total revenues (57% in 2022), with Southern Europe representing a revenue of €1.03 billion. The strong positions acquired in other regions were maintained, with revenues of €709.5 million in Northern and Eastern Europe (including Benelux at €335.5 million) and €72.1 million for countries outside Europe.

The company said the acquisition of Runtime Group, closed at the end of May 2023, strengthens Synergie’s presence in Germany and enables the Group to address the growing sourcing tensions in Europe.

In 2023, Synergie generated an EBITDA of €153.2 million, compared to €162.3 million in 2022. This decrease, in line with what was reported in the first half of 2023, is explained, by the slowdown in some markets (including France), by the inflation and by the group's investments in its future growth including its digitalisation. Operating profit included non-recurring impacts.

In its outlook statement, Synergie said the first two months of the year confirm the contraction of the temporary employment market, primarily in France and other European countries. Synergie said it remains confident in its ability to achieve higher revenues than in 2023 through its diversification and internationalisation strategy.