24 November 2020
French on-line staffing platform Freelance.com (EPA: ALFRE) reported income of €85.1 million for the third quarter of 2020 ended 30 September 2020, an natural enhance of 17% when in comparison with the earlier 12 months.
The group mentioned its third quarter, similar to its first half, was strongly impacted by Covid-19 containment measures, well being restrictions and their financial penalties.
Income under consists of sales from INOP’S from 1 July 2020. Freelance.com accomplished its acquisition of a majority stake in INOP’S in June 2020.
|(€ hundreds of thousands)||2020||2019||Change|
Freelance.com reported income for the 9 months ended 30 September 2020 of €217.7 million, up 18% on an natural foundation.
In France, Freelance.com income totaled €178.6 million (up 25% organically) within the nine-month interval, which was 82% of the group’s consolidated income complete.
Internationally, exercise is down -6% at €39.1 million (This was 18% of the group’s complete turnover for the interval). The phase was notably disrupted by the halting of worldwide flights.
The group mentioned that, regardless of the affect of the well being disaster, INOP’S maintains an excellent momentum because of its excessive added worth and excessive degree experience in digital in addition to its shut strong relationships with its key account purchasers from the private and non-private sectors.
The group mentioned it’s assured in its means to realize a 2020 monetary 12 months combining progress and profitability, and to pursue its growth in the long term.
Shares in Freelance.com SA (ALFRE:PAR) final traded at €4.31, up 6.95% on the day and 13.80% under its 52-week excessive of €5.00, set on 1 September 2020. The corporate has a market cap of €139.50 million.