French staffing firm Synergie H1 profit falls on acquisition-related charges
French staffing firm Synergie H1 profit falls on acquisition-related charges
Overview
France staffing firm's H1 2026 revenue rose 8% yr/yr, driven by acquisitions and Southern Europe
EBITDA for H1 2026 fell 2.8% due to competition and acquisition integration costs
Net profit for H1 2026 declined 10% yr/yr as operating profit fell and acquisition charges weighed
Outlook
SYNERGIE says it enters H2 2026 with caution amid economic and geopolitical uncertainty
Company says integration of Swiss and Canadian acquisitions supports H2 2026 outlook
SYNERGIE remains confident in its ability to pursue its growth trajectory in H2 2026
Result Drivers
ACQUISITIONS - Co said revenue growth was driven by acquisitions in Canada and Switzerland, which generated €89.6 mln scope effect
SOUTHERN EUROPE - Revenue growth was supported by strong performance in Italy and Spain
COMPETITION AND ACQUISITION COSTS - Co said EBITDA decline was mainly due to increased competition, unfavorable prior-year non-recurring items, and integration costs from acquisitions
Company press release: ID:nGNE42xbN5
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income |
| EUR 24.50 mln |
|
H1 EBITDA |
| EUR 61.40 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 46.5% above its September 22 closing price of €27.30
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Sept 22 - France's Latecoere H1 revenue rises on higher customer demand, production ramp-ups
Sept 23 - France private sector returns to growth at fastest rate in 25 months, PMI shows
Sept 22 - Finance software firm Sidetrade H1 bookings more than double to record high
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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.)