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Sweden – Niche recruitment help NGS revenue growth

26 February 2013

Swedish health and education recruiter NGS Group (NGS:NGM) today reported strong sales figures for the fourth quarter. Net sales in the three months to December grew +42% to €6.7 million (SEK 56.3 million), helped by an acquisition.

Operating profit in the period jumped +47% to €0.6 million (SEK 5.0 million) while net income fell -41% to €0.26 million (SEK 2.2 million). The firm encountered a tax charge of €0.2 million (SEK 1.7 million) in the fourth quarter.

NGS is a niche specialist provider and operates through a number of subsidiaries, providing temporary staffing services to educational and catering sectors. The firm also specialises in recruitment services to psychiatric care units, as well as general healthcare services to public and private operators.

The company has significantly grown its market value in the past year with the latest share price showing a +62% increase from a year ago at SEK 56.50. Based on its stock price, NGS has a market capitalisation of €12.9 million (SEK 109.22 million). 

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