SYNERGIE : RESULTS FOR THE FIRST HALF OF 2013
Results for the first half of 2013
*Turnover: €703,6 million
*Current operating income (1): €25,4 million
*Net earnings: €11,1 million
The SYNERGIE Board of Directors, under the Chairmanship of Mr. Daniel
AUGEREAU, met on 10 September 2013 in order to close the interim financial
statements to 30 June 2013. The limited review procedures for these financial
statements have been completed, and the corresponding report is in the process
of being issued.
Audited consolidated- in €M H1 2013 H1 2012
Turnover 703.6 707.9
Current operating income (1) 25.4 17.4
Operating income 21.9 15.7
Pre-tax earnings 20.5 15.7
Income tax (2) (9.4) (9.7)
Net earnings 11.1 6.0
Group share of net earnings 10.9 5.9
(1) Before depreciation and amortisation of intangibles
(2) Of which CVAE
Half-yearly turnover of €703.6 million
In the first half of 2013, SYNERGIE generated a consolidated turnover of
€703.6 million, virtually identical relative with the same period in 2012. The
International growth (+2.2% over H1), combined with the clear resistance seen
in France (-2.7%) within a declining market (-11% according to the "Prisme")
contributed to this excellent result.
The Group (600 agencies in France and abroad) therefore continues to
outperform all of its markets on the basis of its innovative offers:
OpenCentres, Tertiary and High Tech job agencies, Global Cross Sourcing
(international secondment of skills), hyper-specialisation in aeronautics with
In the 1st half of 2013, SYNERGIE posted an operating income with a net
improvement, notably thanks to the leverage generated by the foreign
subsidiaries, in particular Belgium, Germany and Italy, with the share of the
International turnover now being equal to 43% of the consolidated turnover.
In France, the impact of the investments carried out in 2012 (opening of
OpenCentres, strengthening of the skills, launch of new agencies), thanks to
certain government support measures, made it possible to partly increase the
margins, while also making major investments in training.
As such, the Group's current operating income stands at €25.4 million, with
net earnings of €11.1 million.
A solid financial structure
On 30 June 2013, the shareholders equity exceeded €200 million, thereby
providing SYNERGIE with the means needed for its development strategy. The
internal financing capacity remains on a very good level (€17.3 million).
The Group's turnover hit an historical high as of the end of July of this
year, within a promising environment for its activities.
Building on its performances and financial solidity, SYNERGIE is actively
pursuing its negotiations for external growth projects on the International
stage, in keeping with its strategic plan that has been on-going for 2 years.
Publication of the 3rd quarter 2013 turnover on Wednesday, 23 October 2013,
after the market closing
A European specialist in Human resources management, 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 €1,450 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.
Share capital: €121,810,000 - NYSE Euronext B - ISIN FR0000032658
Trading symbol: SDG - Reuters: SDGI.PA - Bloomberg: SDG:FP - www.synergie.com
SYNERGIE: RESULTS FOR THE FIRST HALF OF 2013
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Source: SYNERGIE via Thomson Reuters ONE
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