Key points Q1 2024
? Revenue of EUR 349.2 million, up 10% (up 13% organically) driven by the four global
verticals renewable energy, conventional energy, mining and life science
? Revenue per working day in DACH region and NL up, despite continued challenging
markets
? Recovery of perm market in renewable energy
? Australasia, Middle East & India and Rest of World continued strong growth
? Gross Profit of EUR 69.2 million, up 1% (up 6% organically)
? EBIT of EUR 14.3 million, down 9% (up 14% organically), due the impact of working days

“During the first quarter of this year, we continued our strong
organic growth, both top and bottom line. Our well-diversified
portfolio of markets and capabilities positions us to benefit from
the energy and digital transformation, enabling us to withstand
the challenging circumstances in some of our client segments and
countries. Our continued process improvements, digital tooling
and leverage of our infrastructure countered the gross margin
pressure we had in the quarter. Our four strategic segments,
mining, life science, renewable energy and conventional energy,
showed continued growth year over year, confirming we are on
the right strategic path.
Our pipeline continues to be strong as we extended strategic client contracts and won important new projects in the energy business, which will support continued profitable
growth in these segments. Following the headwinds in our renewable perm business
in H2 of last year, the performance in Q1 2024 was back on last year's level, and the pipeline looks strong.
We started to roll out our MyBrunel platform in multiple regions, giving our contractors
direct access to the Brunel services, tools, training-platform and their personal data.
This is another step in our digital journey. We will continue to roll-out tools for our clients, candidates and our internal colleagues to increase efficiency and optimize our
interactions. These tools include the latest AI solutions to drive client/contractor intimacy and improved conversions.
As shown in our 'Facts to the Future' industry insight reports, recently released among 2,000 specialists and clients, our global mobility and industry specific training services
continue to gain importance and the need for skilled talent only increases. Brunel is investing in knowledge-leadership in chosen industries, as demonstrated by these industry reports.
We expect circumstances in several of our markets to remain tough in the short term, but we expect to be able to navigate well through these times. This sets us up for 'the next level' results on the medium term.”
see & read more on
https://s29.q4cdn.com/775574951/files/doc_financials/2024/q1/Press-Release-Q1-2024.pdf