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Spanish recruitment industry revealed the fastest growing in Europe

The Spanish recruitment industry is rapidly outpacing major European markets as on average each company is growing twice as fast as others on the continent, new findings from Plimsoll Publishing reveal.


Plimsoll’s latest European Analysis, which analyses the financial company performance of the largest recruitment companies operating in the UK, France, Italy, Germany and Spain, indicates that businesses in Spain are outperforming their European counterparts in the sales department.


On average, each company in Spain is growing by 20%, followed by the rivals based in the UK, Italy, France and Germany. 


Region/Country

Average company sales growth

Average company pre-tax profit margin

UK

8.6%

1.4%

France

8.8%

4.2%

Italy

10%

2.9%

Germany

9%

3.4%

Spain

20.7%

1.4%


Despite Spanish companies growing the fastest, it seems French firms are getting the best return with average pre-tax profit margins at 4.2%.


David Pattison, Plimsoll’s senior analyst, said, “The challenge for any company is to balance sales growth and commercial strength. It appears growth in the European market is coming quickly and profitably. As such, French companies, with the majority of them appearing to be adverse to debt, are making the most profit (sic).


“Clearly, though, the ability of those in Spain to maximise their resources and drive the company harder is proving key to their competitiveness.”


Picture courtesy of Pixabay

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