France – Mare Nostrum Q4 revenue rises 11% amid momentum across business lines / Daily News / Editorial / Home

January 31, 2023

Mare Nostrum SA (ALMAR:PAR), a staffing agency based in Grenoble, France, reported momentum across its business units in the fourth quarter. Revenue for the quarter increased by 11% year-on-year to 46.1 million euros.

Full-year 2022 revenue increased by 10% to €171.4 million.

Mare Nostrum announced the results on January 26th.


2022 2021 % Change
(million euros)
first quarter 84.6 75.7 12%
third quarter 40.8 38.3 7%
4th quarter 46.1 41.6 11%
total 171.4 155.6 Ten%

Temporary staffing, which accounts for 86% of sales, increased 9% year-on-year.

Mare Nostrum noted that industry, agri-food and transportation/logistics accounted for 22% of revenue in the staffing sector. The construction sector accounts for 68% of agency work revenue. The company also noted that construction staffing revenues increased by 13% year-on-year to €100 million.

Stock price and market capitalization

Shares of Mare Nostrum closed 6.17% above their 52-week low in Paris on Monday, according to The company’s market capitalization he was 18.3 million euros.

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