Freelance.com: Q3 2022 revenue: €198.8m
Freelance.com
Freelance.com: Q3 2022 revenue: €198.8m
21-Nov-2022 / 17:40 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release – 21 November 2022
Q3 2022 revenue: €198.8m
27th consecutive quarter of double-digit growth
Revenue over the first 9 months: €581.8m
Consolidated growth: +79.3%
Organic growth[1]: +22.7%
Full-year revenue target of €800m confirmed
Freelance.com (Euronext Growth Paris - FR0004187367 - ALFRE), the leader in relationship management between businesses and their external talent, has published its revenue for the third quarter of 2022 (period from 1 July to 30 September 2022) and for the first 9 months of 2022 (period from 1 January to 30 September 2022).
Revenue
(€m)
2022
Consolidated*
2021
Consolidated
% Change
Q1
181.5
98.8
+83.7%
Q2
201.5
113.2
+77.9%
Q3
198.8
112.3
+76.9%
9 months to date
581.8
324.4
+79.3%
*Not audited by the Statutory Auditors
Further growth momentum in Q3
Freelance.com generated double-digit growth for the 27th consecutive quarter, with revenue of €198.8 million, up 76.9% on a consolidated basis and up 21.4% on an organic basis. This growth was driven by all units of the historical scope, which rose by 26.2%, and by the integration of Helvetic Payroll[2].
Year to date, Freelance.com made revenue of €581.8 million, up 79.3% compared with the first 9 months of 2021 (22.7% organic growth).
Strong organic growth in the French scope
In France, Freelance.com reported third-quarter revenue of €126.3 million, an increase of 29.5% on the third quarter of 2021, in line with previous quarters, and with growth over the first nine months reaching 29.6%. Internationally, growth was mainly driven by the acquisition of Helvetic Payroll, with revenue increasing nearly five-fold over the quarter (€72.5 million versus €14.9 million a year earlier) and over the first nine months of the year (€218.0 million versus €43.6 million).
Well on the way to reaching the €800 million target
With growth momentum still going strong after nearly seven years, both in France and internationally, Freelance.com confirms it is well placed to reach its full-year revenue target of €800 million in 2022.
Upcoming events:
27 February 2023: Fourth quarter and full-year 2022 revenue
About Freelance.com Group
Having secured a central position in the transformation of the labour market as the leader in relationship management between businesses and their external talent in France, Freelance.com relies on a community of 370,000 consultants and experts working as freelancers or in hyper-specialised SMEs. Freelance.com group offers a comprehensive range of services: sourcing expertise, external resource management, project management, wage portage, compliance, etc. With pro-forma revenue of €671m in 2021 and operations in France and multiple additional countries (Germany, England, Morocco, Singapore, Switzerland), Freelance.com is a leading player in the Future of Work with one clear purpose: to open up, simplify and secure relations between businesses and their external talent.
Name: FREELANCE.COM
ISIN code: FR0004187367
Ticker: ALFRE
Number of shares comprising the share capital: 56,179,454
FREELANCE GROUP
Claude Tempe
Vice-Chairman
Mobile: +33 (0)6 60 51 60 06 ctempe@freelance.com
SEITOSEI Corporate press relations
Olivier Coppermann
Mobile: +33 (0)6 07 25 04 48
olivier.coppermann@seitosei.fr
ACTIFIN Financial Press Relations
Isabelle Dray
Tel.: +33 (0)1 56 88 11 11
ACTIFIN Investor Relations
Simon Derbanne
Tel.: +33 (0)1 56 88 11 14
sderbanne@actifin.fr
[1] Organic growth incorporates growth in the historical scope and the growth of acquisitions, consolidating the latter as of 1 January of years N and N-1.
[2] Helvetic Payroll has been consolidated in the accounts of Freelance.com since 1 November 2021.
File: Q3 2022 revenue: €198.8m
Language: English Company: Freelance.com 1, parvis de La Défense 92044 PARIS LA DEFENSE CEDEX France Phone: 0614455821 E-mail: fcanetti@freelance.com Internet: www.freelance.com ISIN: FR0004187367 Euronext Ticker: AMF Category: Inside information / News release on accounts, results EQS News ID: 1492947 End of Announcement EQS News Service
1492947 21-Nov-2022 CET/CEST