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France - DLSI announces growth ambitions

04 March 2014

French staffing firm DLSI SA (ALDLS: PAR) reported revenue for the year ending 31 December 2013 of €184 million, on par with 2012. International revenue increased during the year by +14.7% compared with 2012, as DLSI continues to focus its efforts abroad.

During 2013, DLSI achieved revenue of €19.7 million in the month of July, a feat never before achieved in the company’s 20 year history.

The French market remained sluggish in 2013 but DLSI was able to limit its year-on-year revenue decline to -7%. This compares with an overall market decline of -8.6% in 2013, according to figures from Prism’Emploi, the Association of Employment Agencies.

DLSI, however, is entering 2014 with confidence. In France, the company has ambitions to become one of the major staffing providers to the staffing industry. Driven by growth in Switzerland and Luxembourg, DLSI expects to achieve significantly increased revenue abroad in 2014.

In its financial report, DLSI also announced its intention to pursue growth both organically and through acquisitions.

DLSI provides temporary staffing and recruitment services to clients in a wide variety of sectors. The company has a network of agencies located throughout France, as well as in Luxembourg, Germany, Poland, and Switzerland.

In trading today the company’s share price fell by -2.7% to €10.70, an increase of +209.7% compared with a year ago. Based on its current share price, the company has a market value of €27.2 million. 

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