Earnings Release • Nov 21, 2022
Earnings Release
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Press release – 21 November 2022
Consolidated growth: +79.3%
Organic growth1 : +22.7%
Freelance.com (Euronext Growth Paris - FR0004187367 - ALFRE), the leader in relationship management between businesses and their external talent, has published its revenue for the third quarter of 2022 (period from 1 July to 30 September 2022) and for the first 9 months of 2022 (period from 1 January to 30 September 2022).
| Revenue (€m) |
2022 Consolidated* |
2021 Consolidated |
% Change |
|---|---|---|---|
| Q1 | 181.5 | 98.8 | +83.7% |
| Q2 | 201.5 | 113.2 | +77.9% |
| Q3 | 198.8 | 112.3 | +76.9% |
| 9 months to date | 581.8 | 324.4 | +79.3% |
*Not audited by the Statutory Auditors
Freelance.com generated double-digit growth for the 27th consecutive quarter, with revenue of €198.8 million, up 76.9% on a consolidated basis and up 21.4% on an organic basis. This growth was driven by all units of the historical scope, which rose by 26.2%, and by the integration of Helvetic Payroll2 .
Year to date, Freelance.com made revenue of €581.8 million, up 79.3% compared with the first 9 months of 2021 (22.7% organic growth).
1 Organic growth incorporates growth in the historical scope and the growth of acquisitions, consolidating the latter as of 1 January of years N and N-1.
2 Helvetic Payroll has been consolidated in the accounts of Freelance.com since 1 November 2021.
In France, Freelance.com reported third-quarter revenue of €126.3 million, an increase of 29.5% on the third quarter of 2021, in line with previous quarters, and with growth over the first nine months reaching 29.6%. Internationally, growth was mainly driven by the acquisition of Helvetic Payroll, with revenue increasing nearly five-fold over the quarter (€72.5 million versus €14.9 million a year earlier) and over the first nine months of the year (€218.0 million versus €43.6 million).
With growth momentum still going strong after nearly seven years, both in France and internationally, Freelance.com confirms it is well placed to reach its full-year revenue target of €800 million in 2022.
▪ 27 February 2023: Fourth quarter and full-year 2022 revenue
Having secured a central position in the transformation of the labour market as the leader in relationship management between businesses and their external talent in France, Freelance.com relies on a community of 370,000 consultants and experts working as freelancers or in hyper-specialised SMEs. Freelance.com group offers a comprehensive range of services: sourcing expertise, external resource management, project management, wage portage, compliance, etc. With pro-forma revenue of €671m in 2021 and operations in France and multiple additional countries (Germany, England, Morocco, Singapore, Switzerland), Freelance.com is a leading player in the Future of Work with one clear purpose: to open up, simplify and secure relations between businesses and their external talent.
Name: FREELANCE.COM ISIN code: FR0004187367 Ticker: ALFRE Number of shares comprising the share capital: 56,179,454
| FREELANCE GROUP | SEITOSEI Corporate press | ACTIFIN Financial Press | ACTIFIN Investor |
|---|---|---|---|
| Claude Tempe | relations | Relations | Relations |
| Vice-Chairman | Olivier Coppermann | Isabelle Dray | Simon Derbanne |
| Mobile: +33 (0)6 60 51 60 06 | Mobile: +33 (0)6 07 25 04 48 | Tel.: +33 (0)1 56 88 11 11 | Tel.: +33 (0)1 56 88 11 14 |
| [email protected] | [email protected] | [email protected] | [email protected] |
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