Synergie : Quarterly turnover grows to €794.1m (+7.8%)
October 25, 2023 at 02:35 pm EDT
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PRESS RELEASE | 25 October 2023, 5.45pm
WWW.SYNERGIE.COM
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
Q1-3
Change
2023
2022
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
Synergie SE published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 18:34:39 UTC.
Synergie SE is the French leader of temporary work and human resources management services for the industry, tertiary, transport and logistics, health, building and public works, agri-food, IT and communication sectors. Moreover, the group offers consulting and training services, etc.
At the end of 2022, Synergie had a network of 800 agencies in the world.
Net sales are distributed geographically as follows: France (42.9%), Italy (25.2%), Belgium (9.8%), Spain and Portugal (8.4%), Europe (11.1%) and other (2.6%).
SYNERGIE SE 
