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Wednesday, 31 January 2018

SYNERGIE SAW SHARP GROWTH IN 2017. ANNUAL TURNOVER €2.322 MILLION (+16.6%)

SYNERGIE    

Published: 17:45 CET 31-01-2018 /GlobeNewswire /Source: SYNERGIE / : SDG /ISIN: FR0000032658


 

 

 

Paris, 31 January 2018, 5.45pm

 

 

SYNERGIE saw sharp growth in 2017

Annual turnover €2.322 million (+16.6%)

 

 

in € million

 

Q4 2017

 

Q4 2016

Change

 

 2017

2016

Change

International

 

327.6

255.6

+28.2%

 

1,172.1

958.3

+22.3%

France

299.7

268.5 

 +11.6%

 

1,150.1 

1,033.2 

+11.3%

Total

627.3

524.1

  +19.7%

 

2,322.2

1,991.5

+16.6%

 

 

SYNERGIE, Europe's fifth-largest Human Resources Management Group, 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 a substantial +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 1 November 2017, recorded sharp growth in the last quarter (+40%), generating turnover of €73 million 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.

 

 

Next event:

 

Publication of the annual results on 4 April 2018 after market.



SYNERGIE SAW SHARP GROWTH IN 2017



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: SYNERGIE, 11 avenue du Colonel Bonnet, Paris 75016, France
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