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DLSI SA (ALDSL:PAR), the France-based temporary and permanent staffing group, has announced results for the year ended 31 December 2009 after close of play on Friday.
Revenues were down by -21.5% from 149.6 million Euro in 2008 to 117.4 million Euro in 2009. Operating profits were down by -76% from 5.5 million Euro in 2008 to 1.3 million Euro in 2009.
The operating margin fell from 3.7% in 2008 to 1.16% in 2009. Net profits before tax fell from 3 million Euro in 2008 to 665,000 Euro in 2009.
The group says in a statement "in the first three months of 2010 our business has taken off again. Our base of small and medium-sized clients allows us to be reasonably optimistic about the current year. The number of temporary employees we have placed was up by +14% at the beginning of April compared to the same month in 2009."
"The acquisition of Group Alarys in Normandy has been completed at the beginning of the year and we have taken several measures as a reaction to current market developments such as the re-organisation of our agencies, professional training for our permanent and temporary employees and an increased use of our sales force."
In early trading DLSI's shares were down by -0.71% at 7.00 Euro.