Connecting to LinkedIn...

Blank

Swedish Recruiter Lifts Margins

Swedish Recruiter Lifts Margins

Proffice has announced its quarterly interim report for the 3 months to the end of September.
Net turnover was 78.7M
Operating profit before tax 3.7M

January September 2009
Net turnover was 260M
Operating profit before tax 11.4M

Lars Kry, CEO, comments: We are proud to have achieved strong margins and to have taken market shares, despite a tough business climate. Our customers appreciate our offerings and our specialist strategy, which have given us new assignments. The greatest success of the year was the procurement for Swedish government departments and authorities, in which Proffice was the first choice in most categories. This is presumably the single largest framework agreement on the Nordic staffing market. It can also be added that we have adjusted costs for a long time.

Improved operating margins for the fourth quarter in succession

Proffice has improved operating margins for the fourth quarter in succession, compared with the previous year. This is extremely encouraging. Our focus on operating margins has had an effect. At the same time we are continuing to take market shares. In Sweden our turnover for the third quarter was 53.4M compared with 57.0 in the previous year. While the Swedish sector as a whole has contracted by 26 percent, our contraction of 6 percent is real proof of strength.

Tags:

Articles similar to

Articles similar to