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SYNERGIE : SYNERGIE: HIGHER TURNOVER IN 2012: €1,448.8 MILLION. NET EARNINGS: €15.1 MILLION



SYNERGIE : SYNERGIE: HIGHER TURNOVER IN 2012: €1,448.8 MILLION. NET EARNINGS:
                                €15.1 MILLION

Higher turnover in 2012: €1,448.8 million
Net earnings: €15.1 million

"In 2012, we continued to secure market shares in high-growth sectors such  as 
aeronautics, new energies  and tertiary  activities, within  the most  dynamic 
European and  Canadian regions.  Our  record turnover  of €1,448.8  million  - 
generated within a relatively tense economic  context - is a testament to  the 
ability of our teams to outperform our markets, as we have done each year, and
proof of  our financial  solidity that  is  allowing us  to proceed  with  new 
international acquisitions."
Daniel Augereau, Chairman and managing director of the SYNERGIE Group

Audited consolidated - in €M    2012    2011
Turnover                     1,448.8 1,446.6
Current operating income (1)    40.4    48.2
Operating income                35.7    44.0
Pre-tax results                 34.6    43.2
Income tax (2)                (19.5)  (23.9)
Net earnings                    15.1    19.3
Group share of net earnings     14.8    18.9

(1) Before depreciation and amortisation of intangibles
(2) Of which CVAE €11.5M

A turnover of €1,448.8 million, a historically high level

In 2012, the Group  generated a turnover of  €1,448.8 million, an increase  of 
0.2% relative  to  2011  (-1.3%  with a  constant  perimeter),  with  a  clear 
outperformance in Europe and Canada. All of the countries contributed to  this 
performance, which  is  a testament  to  the relevance  of  our  international 
networking strategy and  of the actions  undertaken notably in  the fields  of 
aeronautics and the  tertiary sector. The  non-France turnover now  represents 
43% of the consolidated  business, an increase of  6.2% (2.5% with a  constant 
perimeter).

Resistance of the current operating income €40.4 million

In a context of  contracting economic activities,  the Group demonstrated  its 
ability to resist, through heightened cost control and thanks to the impact of
the strategic investments made during the first half of the year.

The  favourable  elements  served  to  mitigate  the  effects  of  competitive 
pressure, and of a significant unrecovered customer debt.

The current operating income is equal  to €40.4 million, versus €48.2  million 
in 2011.

In   view   of    depreciations   and   the    amortisation   of    intangible 
acquisition-related elements,  for €3.7  million, of  a stable  net  financial 
indebtedness cost and of various  non-recurring elements, the net profits  are 
equal to  €15.1  million (of  which  Group share  of  €14.8 million),  with  a 
significant increase in H2 2012 (€6 million on 30 June 2012).

With a  positive cash  position,  a high  internal financing  capacity  (€22.7 
million in 2012) and  shareholders equity of €200  million, the Group has  the 
necessary means to continue with its international development.

2013 prospects
The first  two  months  of the  fiscal  year  are once  again  confirming  the 
outperformance of SYNERGIE on all of its markets, notably in France, with only
a slight 2.9% decline of its turnover  (versus -10.5% for the market -  source 
Prisme).

In this context, the Group is pursuing its deployment strategy within  dynamic 
geographical zones and  business sectors, most  notably internationally,  with 
the objective of  generating 50% of  its turnover abroad  within the next  two 
years.

Dividends: €0.30 per share
During the General  Meeting of the  Shareholders on 20  June 2013, a  proposal 
will be made to pay a dividend in the same amount as last year, i.e. €0.30 per
share.

Next appointment:
Publication of the 1st quarter 2013 turnover on Thursday 2 May 2013, after the
market closing

About SYNERGY
A European specialist in Human Resources Management, the SYNERGIE Group covers
all employment-related needs. With a network of 600 agencies in Europe, Canada
and Australia, the Group  generated a 2012  consolidated turnover of  €1,448.8 
million, including 43% abroad. The strategy  employed by SYNERGIE is based  on 
an active organic and  external growth policy that  is intended to  strengthen 
its positioning as a key European actor.

SYNERGIE: HIGHER TURNOVER IN 2012: €1,448.8 MILLION

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

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(i) the releases contained herein are protected by copyright and other
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(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: SYNERGIE via Thomson Reuters ONE
HUG#1692112
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