After four quarters of 2013, the Work Service Capital Group earned net profit of PLN 33.7 m, which gives an increase of over 46% on the analogous period the year before. (taking into account the one-off costs connected with M&A transactions).
On 26 February 2014 the Board of the Work Service S.A. Capital Group signed an agreement for the formation of a joint venture company between Fiege Logistik Stiftung & Co. KG., contributing shares in Fiege uni/serv and Fiege worksess, and Work Service S.A., contributing shares of all German subsidiaries of Work Service S.A. As a result, Work Service holds 51% of shares in the combined entity, ...
Work Service has received the title 'Changer of Polish Industry' (Ten, który zmienia polski przemysł) for building in 2013, through successful acquisitions and continuous extension of competences, a dominant position on the HR market in Central and Eastern Europe. The distinction was awarded by Miesięcznik Gospodarczy Nowy Przemysł (New Industry Economic Monthly) and the portal wnp.pl on 17 ...
For EUR 16 m, the Work Service Group has purchased one of the largest Hungarian job agencies, the company Prohuman. It is the next step in the expansion of the Work Service Group, which boosts the group on its way to becoming the leader of HR services in Central and Eastern Europe.
Work Service S.A. has concluded a preliminary contract of purchase of shares of Work Express, one of the largest job agencies in Poland. The company will take over 80.11 % of shares, for which PLN 34 m have been allocated. The development of the Work Service capital group by yet another HR services firm will strengthen the position of the Company in its mission to become the leader in HR in the ...
As the third quarter of this year draws to a close, the Company’s financial results break one more record.As of the end of September 2013, the consolidated net profit amounted to PLN 15m, which is tantamount to a 25% increase compared to the analogical period in previous year.
Work Service continues its expansion - Antal International Sp. z o.o. and Work Express Sp. z o.o. join the group
Antal International Sp. z o.o. and Work Express are two Companies which, for total amount of PLN 70m, will be purchased by Work Service this year, thus strengthening the Capital Group with their competences. Antal is a leader of Polish market of specialists and managers recruitment. Thanks to that acquisition, Work Service Group takes on a strategic position in the dynamically growing market of ...
Increase of revenues by 16% and of gross profit by over 15% for the first half of the year is not the only good news from Work Service SA capital group. The positive trend existing for a few months is likely to keep steady thanks to the consistent fulfilment of acquisition plans of the Management Board and care for organic development of the company.
In an analytical report on Work Service stock, BRE Bank Securities issued a "buy" recommendation. A target price of PLN 9.83 was set, PLN 1.54 higher than the stock's current price.
The twelve months of 2012 marked the Work Service’s successful IPO on the WSE. The company recorded very good financial results and accomplished the successful acquisition of IT Kontrakt. Work Service Group revenues increased by 18% last year; EBIT was over 25% higher than in 2011. It was yet another record year in terms of company profits, as the overall market increased by approximately 3.5%.