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Talent announces further financial growth amongst softening market

Talent has delivered exceptional growth in the six months to 31 December 2019. Compared to the same period in 2018, global revenue increased by 13% to $354 million.

The APAC region revenue increased by 15% to $317 million, gross margin by 12% and EBITDA by 12% to $8m. Record contractor growth was achieved across the business with the largest contributions coming from Melbourne, Wellington, Perth and Brisbane.

Talent has seen continued expansion in the New Zealand market with the conclusion of the acquisition of ManpowerGroup’s New Zealand IT business, Experis. The acquisition follows a period of considerable growth and success for Talent New Zealand, after being named recently as winner of SEEK’s Large Recruitment Agency of the Year and winner of the 2019 NZ Hi-Tech award for Best Contribution to the NZ Tech Sector.

Talent’s UK and European operations continue to build their presence in the Public and Digital sectors whilst the US continues to build an impressive portfolio of clients in the Digital and Life Science sectors in both California and New York.

Richard Earl, Founder and Executive Chairman said “I am delighted to see the continued evolution and development of the company as it attempts to bring a unique range of products and solutions to the global marketplace.”

APAC CEO Mark Nielsen commented that these results are an indication of the strength of the highly engaged Talent team.

“Our strong culture and our focus on providing a consultative long term approach to customer solutions is having an impact. This can be seen through Talent’s RPO Solutions headed up by Ian Tyler, which has exceeded all expectations in its first year of trading and is a very successful element of the Talent organisation,” Nielsen said.