2023-11-20 17:45:02
Closed Market – Euronext Paris 17:35:14 20/11/2023 Varia. 5d. Varia. Jan 1 3,580 EUR -2.19% -2.19% -46.41%
Official press release from FREELANCE.COM
November 20, 2023 at 6:45 p.m.
Freelance.com
Freelance.com: Turnover for the 3rd quarter of 2023: €198.6 million
20-Nov-2023 / 18:43 CET/CEST
Regulatory information transmitted by EQS Group.
The content of this press release is the responsibility of the issuer.
Press release – November 20, 2023
Turnover for the 3rd quarter of 2023: €198.6 million
Cumulative turnover as of September 30, 2023: €618.0 million
organic growth of +6%
Freelance.com (Euronext Growth Paris – FR0004187367 – ALFRE), leader in the relationship between companies and their external talents, publishes its consolidated turnover for the 3rd quarter of 2023 (period from January 1 to September 30, 2023).
Turnover
(in €M, unaudited data)
2023
consolidated
2022
consolidated
Variation
1st quarter
208,5
181,5
+15%
2nd quarter
210,9
201,5
+5%
3ème trimestre
198,6
198,8
0%
Cumulative as of 09/30/2023
618,0
581,8
+6%
In the 3rd quarter, the group’s turnover amounted to €198.6 million, stable compared to the 3rd quarter of 2022.
In France, Freelance.com achieved consolidated revenue of €132.6 million in the 3rd quarter, organic growth of 5% compared to the 3rd quarter of 2022, with the integration from September 1, 2023 of the group OpenWork for an amount of €5.5 million; Internationally, Freelance.com achieved consolidated revenue of €66.0 million in the 3rd quarter, down 9% compared to the 3rd quarter of 2022.
Cumulative turnover at the end of September 2023 amounts to €618.0 million, up 6% compared to the end of September 2022:
Up 14% on the French scope to €413.0 million; Down 6% on the international scope to €204.9 million.
Less dynamic activity in 2023
As expected, the level of growth slowed further in the 3rd quarter of 2023 on the existing scope. The France scope is experiencing a drop in customer demands in the majority of business sectors, in a still uncertain macroeconomic context.
International activity remains slow with a 9% drop in turnover in the 3rd quarter of 2023, impacted in particular by a less favorable 2022 comparable than in the 1st half linked to the sharp depreciation of the euro compared to the Swiss franc. during the 3rd quarter of 2022. However, the drop in the number of consultants observed at the start of the year was interrupted with a gradual increase since May 2023 which, if it is not yet reflected in turnover, allows us to envisage a resumption of growth in 2024.
Good prospects for 2024
After the integration of OpenWork on September 1, 2023, Freelance.com announced on October 23, 2023 the proposed acquisition of the STA group, with integration planned for January 2024.
These two operations allow us to strengthen our positioning in the freelancing market, and to return for the year 2024 to a level of consolidated growth more in line with the Group’s expectations.
Next meetings
Annual turnover 2023, Monday February 26, 2024. Annual results 2023, Monday April 22, 2024.
About the Freelance.com group
Positioned at the heart of the transformation of the labor market, Freelance.com is the European leader in Talent as a Service (TAAS) solutions, to connect large companies and their external talents. The group offers a full range of services: expertise sourcing, project management, commercial portage, salary portage and compliance management. Freelance.com relies on a community of more than 150,000 (106,000 in France) qualified consultants and experts, working freelance or within hyper-specialized SMEs, and having in total delivered more than 12,500 services in 2022. With 350 employees and a turnover of €800.2 million in 2022 (€820.7 million GMV), a presence in France and internationally (Germany, England, Morocco, Switzerland, Belgium), Freelance.com is the player reference of the “Future of Work”, recognized as one of the “Champions of Growth 2023” by Les Echos.
Label: FREELANCE.COM
Code ISIN : FR0004187367
Mnemonic code: ALFRE
Number of shares making up the share capital: 56,535,254
More information on https://www.freelance.com
Groupe Freelance.com
Claude TEMPE
Vice-president
Port. : 06 60 51 60 06 ctempe@freelance.com
Groupe Freelance.com
Florent BRIANT
Financial director
Port. : 06 95 84 14 18
fbriant@freelance.com
PDF file regulatory filing
Document: Turnover for the 3rd quarter of 2023: €198.6 million
Language: FrenchCompany: Freelance.com 1, parvis de La Défense 92044 PARIS LA DEFENSE CEDEX FranceTelephone: 0614455821E-mail: fcanetti@freelance.comInternet: www.freelance.comISIN: FR0004187367Euronext ticker: ALFREAMF category: Additional regulated information to be made public in under the legislation of a member state / Financial information for the third quarterEQS News ID: 1777691 End of press release EQS News-Service
1777691 20-Nov-2023 CET/CEST
Stocks to follow on the Paris Stock Exchange – Monday November 20, 2023 09:01 AO Stocks to follow on the Paris Stock Exchange – Monday November 20, 2023 11/17 AO Freelance com: “confident in its prospects” 10/24 AO Freelance .com: towards the acquisition of STA Groupe 23/10 CF Freelance.com: EBITDA increased by 16% in the first half 23/10 CF Freelance.com SA publishes its results for the six months ended June 30, 2023 23/10 CI C Is it serious, doctor? 23/10 Stocks to follow today on the Paris Stock Exchange – Monday October 23, 2023 23/10 AO Live from the Markets: Dassault Aviation, Stellantis, Sanofi, Teleperformance, Roche, Philips, Volkswagen… 23/10 The stocks to follow on the Paris Stock Exchange – Monday October 23, 2023 10/20 AO Freelance.com: acquisition of the OpenWork group 01/09 AO Freelance.com: acquisition of Openwork finalized 01/09 CF Freelance.com SA (ENXTPA:ALFRE ) acquired Openwork Limited. 01/09 CI CAC40: ends in green, helped by the relaxation of rates 29/08 CF CAC40: gains reinforced by a sharp decline in US rates (short/long) 29/08 CF CAC40: +0.6%, approaches 7,400 but rises in the void 29/08 CF Freelance.com unravels: growth disappoints in France in the second quarter 29/08 AO Freelance.com: sanctioned for its half-yearly turnover 29/08 CF FREELANCE.COM: Stifel reduces its price target 29 /08 CF CAC40: slightly up, easing on bonds 29/08 CF Freelance.com in the red: growth slows in the second quarter 29/08 AO Freelance.com: growth of 10% in turnover in the 1st half 29/ 08 CF China keeps the flame alive 08/29 Live from the Markets: Alstom, Technip Energies, Euroapi, NHOA, Valneva, Toyota, Galapagos… 08/29 Live from the Markets: TotalEnergies, Casino, Valneva, UBS, 3M, Boeing, BlackBerry, Xpeng… 08/28
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Freelance.com specializes in providing intellectual services to large companies, small and medium-sized businesses and self-employed workers. Turnover by activity is broken down as follows: – freelance services (52.6%): services provided in the fields of IT (development and integration of information systems, implementation of network architectures, integration ERP solutions, design and deployment of Internet technologies), consulting, marketing, communication and training through a network of nearly 4,500 independent consultants. In addition, Freelance.com is developing an activity of operating an automated marketplace intended to connect IT service providers (IT service companies, consulting firms, etc.) to optimize the management of their inter-contracts; – salary portage (47%): the group offers independent workers the possibility of obtaining employee status, with full responsibility for their administrative, tax, legal and social procedures; – others (0.4%).
More information regarding the VenteAchat company
Average recommendation
ACCUMULATE
Last Closing Course
3,660 EUR
Average course objective
6,033EUR
Gap / Average Objective
+64,85%
Consensus Varia. Jan. 1 Capi. (M$) -46.41% $224M+13.55% $17,039M+6.82% $11,235M-10.20% $10,924M+9.35% $10,361M-39 .52% $8,746M-5.40% $7,630M-26.19% $6,157M-30.50% $6,065M+11.56% $5,021M Business support services
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