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Turnover up almost 13% in Q2 2018 for Synergie

Acorn and French parent company Synergie have reported strong turnover for the second quarter of 2018.


With a network of 665 offices across 16 international locations, Synergie, which is the international parent company of Acorn Recruitment here in the UK, has improved on a strong start to 2018 with turnover of €1.24 billion in its second quarter; up 12.9% compared with the same period in 2017 (up 9.3% on a like-for-like basis).


Synergie’s international division, which now accounts for 52.5% of consolidated Group turnover and includes Acorn’s businesses in the UK and in Australia, recorded exceptionally strong growth of 19.8% (12.6% on a like-for-like basis).


In the same period, Acorn’s UK turnover for the second quarter has increased slightly at £25.3m (up from £23.3m in Q1), and Acorn’s Australian subsidiary Synaco has grown significantly from AUS $6.4m in the second quarter of 2017 to AUS $11.3m in 2018.


Matt Southall (pictured), Acorn’s group managing director, said, “Our strong results indicate a group that is thriving, despite uncertainty around Brexit, and we’re proud of the significant contribution that Acorn makes to Synergie’s ongoing success, both here in the UK and in Australia.


“Here in the UK we have been making significant investment into a number of new branches including Bournemouth, Bridgwater, Weston-Super-Mare and Manchester, and we’ve been taking on new consultants as we develop our specialist divisions further.


“Our commitment to clients and jobseekers remains paramount and we are excited for the opportunities that the remainder of 2018 will bring.”


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