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.
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.