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France-based recruiter Synergie SA (SDG:PAR) reported on Thursday that third-quarter revenue was flat at €378.7 million although in the first nine months of the year sales increased by +2% to €1.09 billion year-on-year.
The firm said that international revenue had largely helped increase sales in the nine months to September. It said growth prospects remained strong in some European countries and Canada, in sectors including construction, aerospace, engineering and outplacement.
Synergie is increasingly putting efforts into its international business after French revenue dropped by -2% in the first half of the year. The firm now derives 43% of its revenue from international operations in Belgium, Canada, Czech Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Switzerland and the UK.
Synergie is the 15th largest staffing firm in the world. The company specialises in temporary employment, outplacement, recruitment and training services operating in a range of economic sectors, notably in industry.
In early trading, the company’s share price increased +1.6% to €7.12, a -17.3% fall from a year ago and +3.8% above its 52-week low of €6.86 seen in May 2012. The company has a market value of €170.78 million, making it the 31st largest recruiter in the world based on market capitalisation.