Mare Nostrum, an innovative expert in Human Resources for SMEs/ETIs, confirms the good orientation of its activities at the start of 2022 with a turnover of €84.6 million, which is up by 11.5% compared to compared to the 1st half of 2021 and +3.4% compared to H1 2019 (€81.6 million).
This growth in turnover and the diversification of the business portfolio enabled the Group’s gross margin to increase by €2.2 million, driven in particular by the ramp-up of the Training division. Gross Operating Surplus (EBITDA) amounted to €1.4 million following the reinforcement of the workforce (+€1.2 million), linked to the increase in permanent staff accompanying the opening of new sites (Dijon, Bourg-en-Bresse, Saint-Jean-de-Maurienne, etc.), the development of Training and Recruitment, but also the integration of the Unique Agency and Uni’TT. Similarly, other purchases and external charges increased by €0.5 million with the intensification and increase in the cost of travel (+€0.2 million). Operating income thus remained at €0.5 million and net income for the consolidated group improved to stand at -€0.4 million at the end of June 2022 compared to -€0.6 million at the end of June 2021.
The Group’s cash at June 30, 2022 amounted to €11.8 million (compared to €14.4 million at December 31, 2021). Net debt stood at €17.4 million, bringing the net debt ratio to 152% at the end of June.