French recruiter SYNERGIE's Q3 revenue rises  on acquisitions

Overview

• France workforce solutions provider's Q3 2026 revenue rose 11.2% yr/yr, driven by acquisitions

• International operations contributed 64.3% of group revenue, up from 60.7% a year earlier

• France revenue was broadly stable, reflecting resilience amid a complex economic environment

Outlook

• Company says it is developing with caution amid economic and geopolitical uncertainties

• SYNERGIE says it remains confident in sustaining its growth trajectory

• Company notes subdued economic environment continues to affect like-for-like activity in some regions

Result Drivers

• ACQUISITIONS - Co said revenue growth was mainly driven by acquisitions in Switzerland and Canada

• INTERNATIONAL GROWTH - International revenue rose, helped by acquisitions and solid performance in existing operations

• SOUTHERN EUROPE - Revenue in Southern Europe grew, confirming strong positions in the region

Company press release:

Key Details

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 54.4% above its October 20 closing price of €25.90

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 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.)