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Dutch staffing firm DPA Group NV (DPA: NL) reported revenue for the third quarter ending 30 September 2013 of €16.7 million, a drop of -1.2% compared with revenue of €16.9 million for the same period last year.
Gross profit for the period increased by +5.1% from €3.9 million during Q3 2012 to €4.1 million in Q3 2013. Net income for the period was €200,000, on par with the same three month period in 2012.
Eric Winter, CEO of DPA, commented: “Despite the continually challenging market conditions, DPA achieved a solid performance in the third quarter. The recent acquisitions of Credit Force, Cauberg-Huygen Consulting Engineers BV, and Technipower BV, provide further diversification and strengthening of activities in line with our strategy.”
“Given the proven effectiveness of the strategy and the slightly better prospects for the majority of our markets, we face the future with confidence. We will continue this course, sticking invariably to our priorities: building and maintaining lasting relationships with clients and talented professionals, and proactively responding to changing market needs,” he concluded.
According to the company’s financial statement, the newly acquired businesses of Credit Force and Cauberg-Huygen Consulting Engineers BV contributed directly to earnings. These acquisitions, and the addition of Technipower BV in October, have strengthened DPA’s position in the provision of technical professionals.
In addition to their acquisitions, DPA Group announced that they were ceasing to operate their DPA Education and DPA Human Resources business segments. Both businesses were deemed to no longer be financially viable.
In trading today, the company’s share price rose by +8.5% to €1.64, an increase of +17% compared with a year ago. Based on its current share price, the company has a market value of €72.76 million.