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France – Synergie provides more details on annual results

11 April 2013

French staffing firm Synergie (SDG:PAR) has provided more details on its annual results first announced on 31 January. The company posted record sales in 2012 with turnover reaching €1.45 billion, up a marginal +0.2% from the €1.44 million the firm made in the previous year. The firm said that top performances were seen in Europe and Canada.

But EBITA declined -16% to €40.4 million from €48.2 million in the prior year. Net profit in 2012 dropped by -22% to €15.1 million, compared to €19.3 million in 2011.

"In 2012, we continued to secure market shares in high-growth sectors such as aeronautics, new energies and tertiary activities, within the most dynamic European and Canadian regions,” said Daniel Augereau, chairman and managing director.

“Our record turnover of €1,448.8 million – generated within a relatively tense economic context – is a testament to the ability of our teams to outperform our markets, as we have done each year, and proof of our financial solidity that is allowing us to proceed with new international acquisitions.”

The firm also said that that trading in the first two months of the year had been better with their French operations posting only a -3% fall in turnover, well below the double-digit decline recorded in the overall French staffing market.

The company wants to increase sales by +7% in the next two years to €1.55 billion, planning to generate half of its turnover outside of France by 2015.

Synergie is the sixth-largest staffing firm in Europe, specialising in temporary staffing, outplacement, and recruitment with services mainly provided to the industrial sector.

In early trading, the company’s share price rose by nearly +1% to €8.00, down -12% from a year ago. Based on its stock price, Synergie has a market value of €193.43 million.

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