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Sustained growth for Synergie with 9-month sales +12.5%
Global recruiter Synergie Group, whose international operations include Acorn and Advance Personnel in the UK, announces sales of €879.9 million in the first nine months of 2007, up 12.5% over the same period last year.
International operations of the France-based group now account for more than 30% of total revenue, and continue to fuel growth with sales of €266.7 million for the first nine months.
Advance Personnel, acquired by Acorn in April 2007, has been successfully integrated in the Group, and grew 31% over the period.
Based on these trends, Synergie management has issued guidance for full year sales of approximately €1.2 billion.
This performance, combined with the impact of changes in methods in France for calculating social charges, will contribute to significant gains in the Group's net income and operating margin for fiscal year 2007.
With virtually no debt, the Group intends to pursue its strategy of expansion through acquisition, particularly in international markets.
Dan Langford, Group Marketing Director of Acorn, said, “We are delighted that here in the UK, Acorn and Advance Personnel, are making a significant contribution to Synergie’s ongoing growth and achievements.”
Synergie is listed on Eurolist Compartment B of Euronext Paris (ISIN FR0000032658), and has more than than 470 branches in Europe and Canada. The Group is included in the CAC Small 90, CAC Mid and Small 190 and SBF 250 indices. www.synergie.fr
Established in 1992, Acorn has branches across South Wales, the West Country, North Wales and the North West of England. It reported a turnover of Ł41.5m last year, a figure that will increase to circa Ł65m this year. It employs around 260 staff.
Advance Personnel is one of the largest employers of European Union labour in the UK. Based in Crewe, Cheshire, and Stoke-on-Trent, Staffordshire, and with an office in Gdansk, Poland, Advance Personnel reported revenues of more than Ł18m in the last financial year.
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