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Dutch staffing firm, DPA Group (DPA:AEX), increased third-quarter revenue by +25% to €16.9 million, following the acquisition of specialist staffing provider Benkis Interim Professionals in April this year.
DPA reported on Friday that gross profit in the quarter rose by +15% to €3.9 million although the gross margin dropped to 22.8% from 25.1% a year ago. Net profit halved to €0.2 million, compared to €0.4 million last year.
“DPA sales in the third quarter increased by a quarter compared to the third quarter 2011, partly due to the recent acquisition of Benkis IP. To [enforce] our niche approach, we invested in strengthening DPA Banking & Insurance,” said CEO Eric Winter.
The firm, which specialises in legal, IT and financial services, also invested in new niche areas and branched out into the education and HR market.
Last year, DPA just missed a spot in the top 30 of Staffing Industry Analysts’ ranking of the largest staffing firms in the Netherlands.
In early trading, the company’s share price fell slightly by -0.07% % to €1.44, up +58.7% from a year ago and -2.4% below its 52-week high of €1.48 seen in March. The firm has a market value of €65.71 million.