Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

SYNERGIE : STRONG GROWTH FOR SYNERGIE IN 2016 - TU

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
(Total Views: 36)
Posted On: 04/05/2017 12:00:18 PM
Avatar
Posted By: News Desk 2018
SYNERGIE : STRONG GROWTH FOR SYNERGIE IN 2016 - TURNOVER: €1,991.8 MILLION
Press release

 

5 April 2017

 

STRONG GROWTH FOR SYNERGIE IN 2016

Turnover:                  €1,991.8 million Operating profit:       €100.2 million Net profit:                  €65.0 million

The Board of Directors of SYNERGIE, chaired by Daniel AUGEREAU, met on 5 April 2017 and approved the financial statements for the year ended 31 December 2016. The auditing procedures for these financial statements are complete and the corresponding report is being issued .

Consolidated - in € million 2016 2015
     
Turnover 1,991.8 1,798.9
Current operating profit (*) 100.2 92.7
Operating profit 96.0 89.0
Profit before tax 93.2 89.4
Tax on profit     (28.2)  (29.4)
Net profit 65.0 60.1
Net profit, Group share 64.1 59.5

 (*) Before amortisation and write-downs of intangible assets

Record turnover of €1,991.8 million

The SYNERGIE Group, Europe's fifth largest human resources management company, posted turnover of €1,991.8 million in 2016, up 10.7% from 2015 (+10.3% on a like-for-like basis).

Its international business grew briskly by 9.6% to €958.3 million, or 48% of consolidated turnover, notably in areas where SYNERGIE has extensive operations such as the Benelux countries (+15.2%) and southern Europe (+15.2%).  

France saw double digit growth throughout the year, with turnover topping €1 billion for the first time thanks to an 11.8% increase that significantly outpaced the market's 6.8% (Prism'emploi data).

Sharp rise in net profit: +8.3%

Total current operating profit came in at €100.2 million, up €7.5 million and once again reaching 5% of turnover.  

International current operating profit rose 26.8% to €35.5 million, compared with €28.0 million in 2015, benefiting in particular from the expansion seen in Benelux and southern Europe.

The successful integration of the German subsidiary CAVALLO is of particular note. Consolidated as from mid-February 2016, the company saw both turnover and profitability increase compared with the previous financial year.

In a highly competitive environment, current operating profit in France was at the same level as in 2015 despite a €4 million payroll expense for temporary employees' statutory mutual insurance, which was introduced on 1 January 2016.

The impact of Brexit on the euro/sterling exchange rate at 31 December 2016 led to the recognition of a €2.3 million exchange loss, compared with a €1.2 million exchange gain at 31 December 2015.

Taking into account the above items and a €28.2 million tax expense, net profit for the year came to €65 million.

An excellent financial structure

With more than €370 million of shareholders' equity and a positive €111.8 million cash position net of all debt and including available CICE competitiveness and employment tax credits, SYNERGIE has all the resources it needs to pursue its growth in France and abroad.

Outlook for 2017

SYNERGIE continued to perform strongly in all of its markets in the first few months of the year, with robust growth to end-February both abroad and in France reflected in a 17.4% increase in consolidated turnover.

In this context, the Group is pursuing its strategy of rolling out into dynamic regions and business sectors, particularly outside France, and is also actively seeking takeover targets, mainly to strengthen its positions in countries where it already has operations. SYNERGIE aims to achieve turnover of €2.2 billion in the current financial year.

Dividends: €0.60 per share

A dividend of €0.60 will be proposed at the Shareholders' Meeting of 14 June 2017, with a payment date of 23 June 2017.

Upcoming events :

- Publication of turnover for the first quarter of 2017 on Wednesday 26 April 2017 after the stock market closes - Combined Ordinary and Extraordinary Shareholders' Meeting on Wednesday 14 June 2017

Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...96098c8e04



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us