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.
Earnings
| 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 FT.com. The company’s market capitalization he was 18.3 million euros.