France – Synergie’s turnover increases by 16% thanks to the international expansion

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April 28, 2022

The French recruitment firm Synergie (SDG: PAR) announced yesterday a turnover of 690.6 million euros for the first quarter ended March 31, 2021, up 16% at constant perimeter compared to the same period of the previous year.

Revenue growth is driven by the group’s international business (representing 58.8% of consolidated revenue over the period). Sales in Southern Europe were up 23.9%, with Italy remaining the driving force with sales of €175.1 million (+30.3% over the year). Southern Europe now represents more than 25% of the group’s sales. Europe also fared well, the group noted.

(in millions of euros) Q1 2021 Q1 2021 Switch Change (identical)
France 284.7 250.5 13.6%
International 405.9 343.3 18.3%
Total 690.6 593.8 16.3% 16.0%

In France, growth in the civil engineering (major projects), food-processing industry linked to catering, mass distribution and aeronautics sectors is now in good shape. Sales were also boosted by the rise in the minimum wage.

The group’s digital services subsidiaries generated revenue of €18.1 million, up 6.2% over the quarter, with a particularly strong performance in France.

Synergie stated that its multi-sector/multi-client positioning in all the countries where it operates has enabled it to once again conquer new markets both in growth sectors (logistics, call centres, health, agri-food, environment and digital ) than in traditional sectors. , where the recovery that began in 2021 has accelerated. In the meantime, the measures taken to deal with supply pressures have paid off.

Synergie shares closed yesterday at €35.80, down 1.24% on the day and 13.29% above the 52-week low of €31.60 set on March 15, 2022. company has a market capitalization of 883.12 million euros.

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