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Synergie SE
Earnings Release • Oct 25, 2023
1690_iss_2023-10-25_3d418937-3ec0-479e-9f01-f9df17093a12.pdf
Earnings Release
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Leader in France in HR services
5th European network
17 Countries worldwide
800 Offices
5,000 Permanent employees
Mr Victorien VANEY Chairman and Chief Executive Officer
Quarterly turnover grows to €794.1m (+7.8%), driven by the performance in the International business and acquisitions
| €m | Q3 2023 | Q3 2022 | Change | Q1-3 2023 |
Q1-3 2022 |
Change |
|---|---|---|---|---|---|---|
| International | 473.3 | 419.0 | +12.9% | 1,332.2 | 1,246.7 | +6.9% |
| France | 320.8 | 317.8 | +0.9% | 972.9 | 921.1 | +5.6% |
| Total | 794.1 | 736.8 | +7.8% | 2,305.1 | 2,167.8 | +6.3% |
In a more complex economic context, Synergie confirms the relevance of its strategy and in particular of its geographical diversification, with a quarterly revenue of €794.1M, up +7.8% compared to the previous financial year (+2.8% at constant currency and scope).
The third quarter of France (40% of the consolidated) is growing by +0.9% also driven by a price effect in a declining overall market.
International growth of +12.9% was driven by recent acquisitions in Poland and Germany which had a positive impact of +€38.3M and by organic growth (excluding exchange rate effect) of +4.4%. Southern Europe is achieving a significant +8.1% growth driven by the good performance of Italy and Spain during this quarter. The performance of Northern and Eastern Europe (+23.3%), benefited from the contribution of acquisitions despite economic difficulties in the main markets of this area. The weaker turnover performance of the region outside Europe (-3.9% excluding exchange rate effects) is linked to that of Australia which follows the Group strategic decisions aimed at improving its profitability.
Despite the macroeconomic difficulties felt in some of the markets where the SYNERGIE Group is present, we remain confident in our ability to meet the increased needs for flexibility and agility of businesses while offering candidates innovative and secure human resources solutions. We confirm the prospects announced during the communication of our half-yearly accounts.
NEXT EVENT TO REMEMBER Publication of annual turnover figures on Wednesday 31 January 2024 after trading closes
CAPITAL SOCIAL : 121 810 000 € - EURONEXT PARIS COMPARTIMENT B - ISIN FR0000032658 - TRADING SYMBOL: SDG - REUTERS: SDGI.PA - BLOOMBERG: SDG:FP CONTACT : SYNERGIE Finance Department - Yannick OUVRARD - Tel. +33(0)1 44 14 90 25 - [email protected]