PARIS: French staffing firm DLSI Groupe (ALDLS: PAR) reported revenue for the six months ending 30 June 2016 of €91.8 million, an increase of 3.2% compared with €89 million during the same period last year.
DLSI provides temporary staffing and recruitment services to clients in a wide variety of sectors. The company has a network of agencies located throughout France, as well as in Luxembourg, Germany, Poland, and Switzerland.
Revenue from the company’s international operations represented 27.9% of total group revenue, down from 32.1% last year. Revenue from France represented 72.1% of total revenue, an increase of 11%, compared to last year.
The group attributes its increase in operating profit to an improved operating margin which reached 4.6% of revenues to 30 June 2016 compared to 4.1% at 30 June 2015. This gain in profitability is mainly due to the continuing management and rationalization of costs incurred by the group.
“Our sustained performance since the start of the year, which continues in the second half, should be beneficial to the future performance of the group. We are confident in achieving our goal of €200 million in revenue for the current year. The operating margin and net margin increased in the first half of the year. Our group remains open to acquisition opportunities that are available to us, in France as well as in Europe.”
DLSI set a new 52-week high during today’s trading session when it reached €17.86, up 4.21% on the day. Over this period, the share price is up 55.04%. Based on its current share price the company has a market value of €43.48 million.
