Turnover up almost 10% at year-end 2018 for SYNERGIE
SYNERGIE has released its results for the fourth quarter and full year 2018.
Consolidated turnover for the year was €2,550.4m, an increase of 9.8% on 2017 (+5.8 % on a like-for-like basis). Turnover for the fourth quarter increased 5.1% to €659.2m, up from €627.3m in Q4 2017.
The Group’s expansion outside of France continued at a strong pace over the period, reaching €1,343.2m (+14.6%), with net increases in its strongest regions, southern Europe in particular (+14.3%). In Q4, international turnover increased 5.9% to €347.0m. International activity now accounts for 53% of consolidated activity.
In France, full year turnover reached €1,207.2m (+5%, +2.8% on a like-for-like basis), with SYNERGIE maintaining a selective approach to preserve its profitability; digital services company DCS Easyware has generated growth of nearly 10% since its integration in June 2018. Turnover increased 4.2% in the fourth quarter to €312.2m.
In a more strained recruitment environment, SYNERGIE maintained its solid positions both in France and internationally by optimising its cross-sourcing offer and investing in training for both temporary and permanent employees. Confident in its performances and benefiting from a stronger financial structure, SYNERGIE Group is actively seeking opportunities for external growth, notably with a view to expansion in Nordic countries and Eastern Europe, having finalised the acquisition of Australian company Entire Recruitment at the start of the year.
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