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France – Synergie benefits from international growth in Q1

03 May 2012

Synergie SA (SDG:PAR), the fifth-largest staffing firm in France according to Staffing Industry Analysts’ research, has increased first-quarter revenue in 2012 by +4.2% to €337.5 million, compared to €323.7 million in Q1 2011. This leaves the firm in a “strong financial position”, the Group said. 

The recruitment firm also said that activity in France was “stable”, following a slight downward trend at the beginning of the year. In the first quarter, French revenue there was relatively flat at €196.5 million, compared to €196.4 million a year ago.

Elsewhere in Europe, the firm performed better as revenue increased +10.3% from €121.6 million in Q1 2011 to €134.2 million in Q1 2012. In Canada revenue was also up +19.8%, reaching €6.8 million in the first quarter against 5.7 million in 2011.

“This performance demonstrates once again the [firm’s] excellent international growth strategy”, the company said. It also announced further acquisitions this year to meet its higher growth target in 2013.

Synergie specialises in temporary employment, out-placement, recruitment and training services operating in a range of economic sectors, notably in industry. The company has 600 offices in 14 countries across Europe and Canada. Latest figures also show that the firm is providing 82,000 agency workers.

The firm published its first-quarter results after market close yesterday and in early trading this morning, the company’s share price was up only slightly by +0.3% at €8.83, down -34.6% from a year ago and +16.1% above the 52-week low of €7.60 set on 23 November 2011. The company is valued at €214.4 million.


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