Turnover up over 16% YoY at year-end 2017 for SYNERGIE
SYNERGIE has released its results for the fourth quarter and full year 2017.
The company posted turnover of more than €2.3 billion in 2017, significantly beating its initial target of €2.2 billion, representing an increase of 16.6% in relation to 2016 (+16.1% on a like-for-like basis). Growth accelerated in the fourth quarter of 2017, reaching 19.7%, the highest level of quarterly growth over the year.
The Group's activity outside of France grew by 22.3% to €1.17 billion (50.5% of consolidated turnover), with excellent performances in countries in which SYNERGIE holds a particularly strong foothold, as in southern Europe (+31.3 %). Austrian company VÖLKER, which was integrated on 1st November 2017, recorded sharp growth in the last quarter (+40%), generating turnover of €73m over the calendar year.
Turnover in France reached €1.15 billion, representing growth of 11.3%. These performances can be attributed to investments both in France and internationally (recruitment of consultants, extension of the network by creating new branches, training programmes, etc.) and the capturing of new market share thanks to innovative offerings in growth sectors such as aeronautics, renewable energies, shipbuilding and new information and communication technologies. In view of the sharp improvement in its profitability and strengthened capital, the Group is pursuing the negotiations it initiated with several players in northern Europe to extend its services offering among large international accounts. Based on its strategy and the strong economic environment, SYNERGIE aims to generate turnover of around €2.6 billion in the current year.
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