FINANCIALS: Synergie looks for acquisitions following strong performance
Synergie is on the international acquisition trail following a strong performance in the first half of 2016.
The French recruiter published results covering H1 2016 yesterday revealing consolidated first-half turnover of €943m (£795m), up 10% from 2015. The group outperformed its markets in several countries in which it operates due to strong growth both at an international level and in France, where it achieved 11% turnover growth over the period.
The group continued to record growth in international turnover to €450m up 10.5% over the second quarter, compared with an increase of 5.8% in the first quarter, with particularly strong increases in Southern Europe, +14% over six months, and the Benelux countries +19%, while also showing growth in other geographical areas.
In the group’s native France, turnover reached €493m.
Due to its financial performance in H1 2016 and financial strength, Synergie added it is “actively studying” acquisition opportunities to speed up its growth, principally internationally, with the aim of achieving €2bn turnover over the current financial year.
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