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DLSI SA (ALDSL:PAR), the France-based temporary and permanent staffing agency, today announces interim results for the first nine months of 2009 ended 30 September.
Revenues were down by -22.4% from 112.6 million Euro in the first nine months of 2008 to 87.4 million Euro in the same period this year. This should be compared to a negative growth of -29.5% for the staffing industry of France as a whole (figures supplied by industry association PRISME).
The company says in a statement "business has improved since October especially in our foreign subsidiaries where growth has been faster than in France. Our revenues generated outside France currently account for 34.9% of total revenues."
"The economic environment forces us to remain vigilant in the last quarter of the year. The reduction of our cost base carried out since the start of the year is beginning to show positive results in terms of our operating margin and our net profits."
DLSI operates in France, Luxembourg, Germany, Switzerland and Poland. Subsidiaries include DLSI Luxembourg SA, DLSI GmbH, SIL SAS, MS Interim, Arcadinter SAS and Arcinterim SAS, MB Services SAS, BAT SA, BAT Provence SASAS, Pemsa SA, Elite Interim SAS, E.T. 3000, Marine Interim and DLSI Polska.
In early trading DLSI's shares were unchanged at 6.40 Euro.