Daily News

View All News

Australia – Talent International reports revenue growth of 20% while EBITDA surges

11 February 2019

Australia-based global technology and digital recruitment services firm Talent International Holdings reported revenue increased by 20% to AUD 314 million (222.6 million) for the six months ended 31 December 2018. Talent also reported EBIDTA increased by 94% for the same period.

In APAC, revenue increased by 19% to AUD 276 million (USD 195.7 million), gross margin recorded an increase of 24% and EBITDA increased by 86%.

Mark Nielsen, APAC CEO, commented “We have seen strong growth across all ANZ branches, with both permanent and contract revenue significantly exceeding budget. In Australia, our Melbourne, Perth and Brisbane branches saw exceptional growth.  What was also very pleasing to see was the ‘coming of age’ for our New Zealand business, which increased revenue by 47% and is now achieving strong profitability.  Further supporting this stellar growth has been our continued expansion into the mid-sized RPO market where we are seeing significant success through our unique approach to solutions.”

On May 2018 Talent announced the acquisition of Talent UK.

“In Europe we have seen continued growth in the UK public sector, Germany, and our Microsoft Dynamics specialist business Hunter Charles. We have also seen a major take-up of Talent360, our proprietary recruiter on demand solution,” the group stated.

Talent Europe CEO Jon Butterfield added that he was delighted to be seeing a return on investment as the business is now generating sustainable profits.

Richard Earl, founder and Executive Chairman of Talent stated that Talent’s US operations continue to develop well in California with particular success in the Digital Health and Biotech sector, which will continue to expand.  Earl added that the next six months will also see a greater focus on New York as the company pursues acquisition targets in addition to launching the Microsoft offering Hunter Charles.

“These latest results provide us with the necessary capital to further develop our innovation products, invest in new people, and continue to scale and expand into the US market,” Earl said.

Talent was founded in 1995 by Earl in Perth. The company expanded to New Zealand in 2009 and entered the UK market in 2012. In 2016, the company expanded to the US and Europe.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*