Thu, 11 Feb 2016 

Japan-based staffing conglomerate Recruit, owner of job search engine Indeed and one of the largest players in the global staffing industry,saw net sales increase 21.8% in the three months to 31 December 2015. 

Its latest financial statement, released yesterday shows:

• Net sales increased to ¥1,139.4bn (£7bn) from ¥935.5bn in the same period a year earlier

• Operating income decreased to ¥81.9bn from ¥88.4bn

• EBITDA (earnings before income, taxes, depreciation and amortisation) amounted to ¥146.6bn, up from ¥139.1bn 

The earnings increase is partly attributable to recent acquisitions, including Australian staffing firms Peoplebank and Chandler Macleod and US firm Atterro.

These acquisitions helped push revenue from overseas staffing operations up 65.6% year-on-year to ¥344.7bn. Revenue from domestic staffing operations increased 5.5% to ¥304.6bn. 

The company is currently in the process of acquiringDutch recruiter USG People for €1.42bn (£1.04bn).