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France – Synergie to derive half its revenues from abroad

31 January 2013

One of France’s top recruiters, Synergie SA (SDG:PAR), expects to generate half of it sales from abroad by 2015. In a trading update, the firm also reported that fourth-quarter revenue fell -3% to €362.4 million. 

At the moment, 58% of the firm’s sales are derived from France where the staffing market has seen falling client demand.

In the three months to December, French revenues fell -7% to €205.4 million. But outside its domestic market, sales picked up. Elsewhere in Europe, revenues increased by +2% to €147.7 million while in Canada revenues grew +9% to €9.3 million.

Full-year revenues reached record levels as sales grew +0.2% to €1.4 billion. The firm wants to increase sales by +7% in the next two years to €1.55 billion. It said that countries such as Germany, the Netherlands and Canada show “high profitability”.

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

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