Synergie - Good H1 performance, but business is obviously slowing down
H1 results slightly below our forecastsSlight decline in operating profitability due in particular to inflationUnsurprising slowdown in sales, but no collapse for the momentA cash position that will see us through a potentially more complicated 2024BUY opinion maintained, with valuation multiples already very lowSynergie is engaged in the development of human resources management, by providing services in the field of temporary work, outplacement, recruitment, consulting and training. Co. services different sectors: services and specialized sector (medical, senior employment, human services), transportation and logistics sector, industry sector, construction and civil engineering sector. As of Dec 31 2009, Co. is present in 13 countries in Europe and Canada and reports its activities geographically, in 4 areas: France, Northen and Eastern Europe, Southern Europe and Canada.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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