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SDG — Synergie SE News Story

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France's SYNERGIE Q1 revenue rises 5% on international growth

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

MetricBeat/MissActualConsensus Estimate
Q1 RevenueEUR 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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