The Spanish Recruitment industry is rapidly outpacing major European markets as on average each company is growing twice as fast as others on the continent, new findings reveal.
Plimsoll’s latest European Analysis – which analyses the financial company performance of the largest Recruitment companies operating in the UK, France, Italy, Germany and Spain – indicates that businesses in Spain region are outperforming their European counterparts in the sales department.
On average, each company in Spain is growing by 20%, followed by the rivals based in the UK, Italy, France, Germany and Spain.
|
Region/Country |
Average company sales growth |
Average company pre-tax profit margin |
|
UK |
8.6% |
1.4% |
|
France |
8.8% |
4.2% |
|
Italy |
10% |
2.9% |
|
Germany |
9% |
3.4% |
|
Spain |
20.7% |
1.4% |
Despite Spanish companies growing the fastest, it seems French firms are getting the best return with average pre-tax profit margins at 4.2%.
The challenge for any company is to balance sales growth and commercial strength. It appears growth in the European market is coming quickly and profitably. As such, French companies, with the majority of them appearing to be adverse to debt, are making the most profit.
Clearly, though, the ability of those in Spain to maximise their resources and drive the company harder is proving key to their competitiveness.
More information about our global and European reports can be found by visiting www.plimsollworld.com
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