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France – Synergie planning 10% growth and acquisitions

04 May 2012

In an interview with Reuters, Daniel Augereau, the CEO of the France-based staffing firm Synergie, discussed this week’s first-quarter results, which rose +4.2% to €337.5 million. He said the Group was striving to achieve a +10% increase in revenue this year, which should take full-year revenue to over €600 million.

He also said that the recent results placed the firm sixth in order of the largest staffing firms operating in Europe. “Business in France [in the first quarter] remained stable, while international sales, representing 42% of total sales, rose 10.8%, placing us sixth in order in human resource management in Europe.”

This week the firm also announced it was seeking further acquisitions in 2012 to meet its higher growth target in 2013. On this topic Mr Augereau said that “We want to strengthen [our activities in] the countries in which we claim a presence already.” Germany, he said, was the firm’s “first priority” because the strong labour market offers a lot of potential. He said the firm was intending to focus its business activities particularly in the Northern region of Hamburg.

But he also hinted at the fact that Synergie was investigating possible acquisitions in Belgium and Italy “and we are thinking about developing in the northern part of Europe.”

He commented that Synergie was happy with the labour market reforms across Europe although the International Labour Organisation this week criticised governmental shifts towards combining fiscal austerity and tough labour market reforms, which could have “devastating” consequences.

Synergie specialises in temporary employment, out-placement, recruitment and training services operating in a range of economic sectors, notably in industry. 

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