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Synergie reports 29.4% first quarter growth
Synergie Group, the majority owner of UK recruitment and training company Acorn, announces a 29.4% increase in pre-tax profit for the first quarter of 2007.
For the three months ending March 2007, Synergie’s turnover was €263.3m, a 13.5% increase on the figure of €231.9m for the corresponding period in 2006. Income before taxes was €7.3m (+29.4% from €5.6m).
On a like-for-like basis, Synergie Group’s performance in France was up 11.5% and abroad, including Acorn’s activities in the UK, saw a 19% increase.
A spokesman said, “Net financial debt, which was reaching equilibrium as of March 31, 2007, offers excellent latitude for the group to pursue its external growth over 2007, as attested by the acquisition of Advance Personnel by Acorn this April.”
Matt Southall, Managing Director of Acorn said, “This is further evidence of the quality of the parent company we have in Synergie, and it is pleasing to see the strategic impact Acorn’s UK business is continuing to have on the success of the wider Group.”
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