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France – Synergie outperforming markets

25 July 2013

Synergie SA (SDG: PAR) announced that revenue for Q2 2013 was €375.2 million, up +1.3% from €370.3 million in the same period last year. Synergie is the fifth largest staffing firm in France; according to research carried out by Staffing Industry Analysts.  

Daniel Augereau, chairman and CEO of Synergie Group commented: “The Group is outperforming all of the markets in which it is established, with accelerated international growth in the second quarter, with business in France showing clear resistance in a market that has dropped by more than +9%.”

France remains the company’s biggest market, accounting for 57% of total revenue. Revenue in France for Q2 2013 fell slightly below that of the same period last year, down €214.5 million from €216.5 million, a drop of -0.9%.

Mr Augereau added: “The international side, with a [half-year] turnover of €301.8 million, now represents 43% of the Group’s business, with strong increases having been seen in Italy, Belgium, Germany and the United Kingdom.”

Synergie operates in 12 European countries plus Australia and Canada, and reported positive growth across these areas during the second quarter of 2013. Revenues increased +4.5% from €153.8 million in Q2 2012 to €160.7 million in Q2 2013.

Looking ahead to the third quarter, the Group expects to exceed its historical highs, thereby offering excellent prospects for the entire year. The company will consider new growth opportunities.  

The company’s share price closed at €9.6, an increase of +0.95% on the day and an increase of +40.17% compared with a year ago. Based on its current share price, the company had a market value of €233.88 million. 


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