Overview
France staffing firm's Q1 revenue rose 5% yr/yr to €795.1 mln
International revenue grew 7.8%, led by Southern Europe and recent acquisitions
France revenue was nearly flat amid a challenging macroeconomic environment
Outlook
SYNERGIE did not provide specific financial guidance for the current or future periods
Result Drivers
SOUTHERN EUROPE GROWTH - Co said strong performance in Spain and Italy drove Southern Europe revenue up 9.8%
ACQUISITIONS BOOST - Revenue growth in international operations was driven by ramp up of acquisitions in Switzerland and Canada
FRANCE RESILIENCE - Co said stable France revenue reflected resilience above market levels, supported by team commitment and adaptation of commercial offers
Company press release: ID:nGNE3xTYWY
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 795.10 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for Synergie SE is €40.00, about 39.9% above its April 21 closing price of €28.60
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)