FINANCIALS: Revenue slips 11% in USG transition

Dutch-based staffing firm USG People saw revenues for 2012 total €2.88bn (£2.5bn), dropping 11% compared to the previous year.
Fri, 1 Mar 2013

Dutch-based staffing firm USG People saw revenues for 2012 total €2.88bn (£2.5bn), dropping 11% compared to the previous year.

Underlying EBITA (earnings before interest, tax and amortization) was €85.6m, compared with €98m in 2011.

USG People chief executive officer Rob Zandbergen describes 2012 as “a transitional year for USG People, in which we achieved a great deal, in challenging economic circumstances”.

In further news, the company has announced the sale of its USG Energy brand to private equity firm Rabo Capital, realising €80m from the sale. The move is part of USG People’s revised strategy to focus on the expansion of its Specialist Staffing and Professionals divisions.

USG Professionals will launch a new marketing campaign in Q2 2013 in which the different segments – engineering, finance, ICT, HR, legal, science and marketing, communication and sales – will become more jointly recognisable. 

USG Professionals will position itself even more as an international provider of services for and by professionals, according to a company statement.

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