Synergie : REVENUES 1ST QUARTER 2024 - In a challenging economic climate, SYNERGIE Group revenues grew by +3.7% in the first quarter of 2024 to €751.4m with a good performance of its international business
April 24, 2024 at 12:06 pm EDT
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PRESS RELEASE | April 24th 2024, 5.45pm
WWW.SYNERGIE.COM
Leader
in Europe in HR services
17
Countries worldwide
800
Branches
5,600
Permanent employees
Mr Victorien VANEY
Chairman and Chief Executive Officer
REVENUES 1ST QUARTER 2024
In a challenging economic climate, SYNERGIE Group revenues grew by +3.7% in the first quarter of 2024 to €751.4m with a good performance of its international business
in €M
Q1 2024
Q1 2023
Variation
International
447.9
412.5
+8.6%
France
303.5
312.2
-2.8%
Total
751.4
724.7
+3.7%
In a more challenging economic climate, SYNERGIE has confirmed the relevance of its strategy and in particular of its large international geographical footprint, with quarterly revenues of €751.4m, up +3.7% on previous year (+1.9% on a like-for-like basis). International business accounted for 59.6% of total revenues in the first quarter, compared to 56.9% in 2023.
In France (40.4% of consolidated Revenue), the first quarter was marked by a decline of -2.8% in revenues due to the staffing market decrease in volume over the first few months of the year confirming the trend observed towards the end of 2023.
International revenues increased by +8.6% with the contribution of both organic growth (excluding the exchange rates impact) of +5.7% and the acquisition of RUNTIME Group in Germany which had a positive impact of €11.9m. Southern Europe continued to grow, with a good performance (+6.7%) driven by the strength of our Italian and Spanish commercial activities. The performance of Northern and Eastern Europe (+13.2%) was achieved thanks to the acquisition of RUNTIME and the commercial drive on the Polish and German markets.
Despite the macro-economic difficulties affecting most markets, Synergie Group remains confident in its ability to meet the increasing needs for flexibility and agility of its clients while offering candidates innovative and secure solutions for access to quality employment.
NEXT MEETINGS
General Meeting on June 20th, 2024
Publication of Revenue for the 2nd quarter on Wednesday July 24th, 2024, after market closing
CAPITAL SOCIAL : 121 810 000 € - EURONEXT PARIS COMPARTIMENT B - ISIN FR0000032658 - TRADING SYMBOL: SDG - REUTERS: SDGI.PA - BLOOMBERG: SDG:FP
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Synergie SE is the French leader of temporary work and human resources management services for the industry, tertiary, transport and logistics, health, building and public works, agri-food, IT and communication sectors. Moreover, the group offers consulting and training services, etc.
At the end of 2022, Synergie had a network of 800 agencies in the world.
Net sales are distributed geographically as follows: France (42.9%), Italy (25.2%), Belgium (9.8%), Spain and Portugal (8.4%), Europe (11.1%) and other (2.6%).
Synergie : REVENUES 1ST QUARTER 2024 - In a challenging economic climate, SYNERGIE Group revenues grew by +3.7% in the first quarter of 2024 to €751.4m with a good performance of its international business