The Turnover and Ebita targets have been exceeded in 2015
In 2015 the entities of the Flexpoint Group achieved an excellent result, far above its expectations. Belgium as well as the Netherlands showed a sharp increase in turnover. In 2015 the Flexpoint Group realized a net turnover of € 166 million compared to € 92 million in 2014 (+ 80%).
Part of this growth was due to the takeover of Trace in Wallonia (BE). But also without the impact of this takeover, all group companies showed organic growth. The temporary employment and payroll activities in Belgium and in the Netherlands even recorded double-digit growth. The organic turnover growth was above 27%. As a group, the planned Ebita target of € 4,5 million has been more than achieved.
"The economic uncertainty due to the debt and refugee crisis and geopolitical tensions, among other things, remains. Nevertheless, it is expected that 2016 will witness further economic growth", according to Jos Gilissen, CEO of the Flexpoint Group.
In 2016 the Flexpoint Group expects to grow to a turnover of € 200 million. This turnover increase is represented by each entity of the group. In the Netherlands, the market area will be literally expanded due to activities outside Limburg. In Brabant and Gelderland new offices will be opened in 2016. The market expansion towards the remaining part of the Netherlands has definitely been initiated. In Belgium, following the example set by the Netherlands, the focus on temporary employment activities will be sharpened.
"We want to be known in the market as an organization specialized in a few segments. Distinguishing and adding value", Gilissen continues.
The new service cheque enterprise occupies a special position. In Belgium, the service cheque companies have recently been merged into one single organization named Clixxs. The aim is to achieve a leading position as a Top 5 organization in Belgium during the next three years.
Niches and value concepts
"Within the group we strongly believe that achieving added value is the core of our existence. Through this vision, we have developed various concepts focused on achieving added value for our entities as well as for our temporary workers. Each individual entity making part of the Flexpoint Group shares the common challenge to make both our clients and our temporary workers more competitive.
In addition, as a group we want to offer our clients a wider range of services. As such, in 2016 we will continue to further explore the so-called "upper segment". The recent acquisition of a majority shareholding in Equipe BV (an organization engaged in filling (temporary) positions at management and executive levels) is a result of this. Finally, the
Flexpoint Group aims at investing in the possibilities offered by (mobile) internet traffic with respect to candidates recruitment. This is one of the main challenges we will be facing in the coming years", Gilissen points out.
About the Flexpoint Group
The Flexpoint Group is an international HR service provider with more than 250 FTE and about 50 operations in Belgium and in the Netherlands. On a daily basis, more than 7000 temporary workers are working for clients within different market segments. The entities of the Flexpoint Group provide a wide range of HR related services in respect of staffing, secondment, recruitment & selection, career guidance, outplacement, payrolling and HR consultancy. In 2016 the entities of the Flexpoint Group expect to realize a turnover of € 200 million. The following entities make part of the Flexpoint Group: Flexpoint (BE, NL), Easymatch Payrolling (BE, NL), Equipe (NL), Trento Engineering (NL), Trace (BE) en Clixxs (BE). The Flexpoint Group’s headquarters is in Kerkrade.
For more information please contact Jos Gilissen, CEO Flexpoint Group, phone +31(0)652022558, email@example.com.