Corporate Archives - Gi Group Holding

The Power to Change Lives, our speech at the Future of Work Europe

vittoriainvernizzi — Tue, 19 Nov 2024 16:00:00 +0000

Corporate

News - Gi Group Holding at the Future of Work Europe 2024 Event

The Power to Change Lives, our speech at the Future of Work Europe

Milan, Italy – November 20th, 2024

Gi Group Holding participated as the main partner and sponsor at the Future of Work Europe 2024, held in London on November 13-14. This flagship event gathered HR leaders, industry experts, and innovators to discuss the evolving world of work and HR trends impacting business and society.

Our Chief People Officer, Maria Luisa Cammarata, delivered an inspiring keynote on “The Power to Change Lives – How the Human Factor Navigates Labour Market Complexity.”

Maria Luisa’s speech underscored Gi Group Holding’s commitment to employee well-being, upskilling, and inclusivity, highlighting how these priorities foster thriving workplaces and fuel innovation. Reflecting on her experience, she shared:

I am feeling grateful and fulfilled for bringing a topic that means a lot to me to such an important audience: the power organizations have in changing people's lives and the role HR plays in enabling growth and generating a positive impact for society.

The keynote also drew on insights from Gi Group Holding’s “The Human Factor” Report, which delves deeper into the critical role of HR in shaping workplaces that navigate labour market complexity while prioritising human-centric values.

Future of Work Europe 2024 provided a unique platform to share insights, connect with forward-thinking leaders, and draw inspiration from other distinguished speakers. We are proud to continue driving meaningful conversations and initiatives that shape the future of work, staying true to our commitment of delivering More than Work.

Barbara Bruno Recognised Among SIA’s 2024 Global Power 150 Women in Staffing

vittoriainvernizzi — Tue, 19 Nov 2024 06:00:00 +0000

Corporate

News - 2024 Global Power 150 Women in Staffing

Barbara Bruno Recognised Among SIA’s 2024 Global Power 150 Women in Staffing

Milan, Italy – November 19th, 2024

Gi Group Holding is delighted to celebrate Barbara Bruno, our Chief Practice Officer – Staffing, who has been named one of SIA’s 2024 Global Power 150 Women in Staffing!

This honour, marking its 10th anniversary, celebrates female leaders transforming the staffing industry with innovation, vision, and leadership. Barbara’s contributions, spanning over two decades, are a shining example of the dedication and expertise recognised by this prestigious award.

The staffing industry is evolving rapidly amid significant transformations in technology and workforce dynamics, creating both challenges and exciting new opportunities. Our Global Power 150 Women in Staffing for this year have not only adapted to these changes but have excelled, setting new standards in the world of work

Ursula Williams - SIA President

Barbara has achieved remarkable milestones, including driving Gi Group Holding’s core business to an impressive €3.5 billion in revenue and enhancing gross margins in both temporary and permanent staffing. Her leadership extends beyond numbers – with the launch of the Blue Leadership programme, she has fostered leadership development across industries such as logistics, automotive, manufacturing, and life sciences, creating added value for key customers.

I am honoured to be recognised among this exceptional group of leaders transforming the staffing industry. This recognition reflects not only my efforts but also the incredible support of the Gi Group Holding team. Together, we strive to create impactful solutions and foster growth for our clients, candidates, and communities worldwide

Barbara Bruno - Chief Practice Officer – Staffing, Gi Group Holding

Discover the full list of SIA’s Global Power 150 Women in Staffing and learn more about this year’s honourees on SIA’s website.

Barbara Bruno and Tiziano Rodolfo Roseto Celebrated in SIA’s 2024 Staffing 100 Europe

vittoriainvernizzi — Thu, 24 Oct 2024 08:00:00 +0000

Corporate

News - SIA’s 2024 Staffing 100 Europe

Barbara Bruno and Tiziano Rodolfo Roseto Celebrated in SIA’s 2024 Staffing 100 Europe

Milan, Italy – October 24th, 2024

Gi Group Holding is proud to announce that two of its senior leaders, Barbara Bruno, Chief Practice Officer – Staffing, and Tiziano Rodolfo Roseto, Chief Regional Officer – Eastern Europe, have been honoured in Staffing Industry Analysts’ (SIA) 2024 Staffing 100 Europe. This prestigious recognition highlights European leaders who are shaping the future of the staffing industry through their innovation, resilience, and forward-thinking strategies.

Barbara Bruno, a 22-year veteran of Gi Group Holding, has been instrumental in driving the company’s core business, achieving €3.5 billion in revenue and significantly improving margins in both temporary and permanent staffing sectors. She has led the Blue Leadership programme, which focuses on leadership development in key industries, including logistics, automotive, manufacturing and life sciences. Her efforts have enhanced needs analysis and value creation for key clients.

I am deeply honoured to be recognised by SIA alongside so many influential leaders in the staffing industry. This recognition reflects the hard work and dedication of the entire Gi Group team. Together, we are committed to empowering individuals and organisations, and we will continue to focus on building tangible solutions that shape the future of work.

Tiziano Rodolfo Roseto, was also recognised for his leadership in Bulgaria, Romania and Ukraine. Since joining Gi Group Holding in 2001 as an area manager, Roseto has overseen the company’s impressive growth in Eastern Europe. Under his leadership, the region’s adjusted EBITDA grew from £118,000 to £3 million in just six years. In 2023, he launched the MoveUp initiative, which focuses on international talent mobility from Asia, further expanding the company’s strategic reach.

I am incredibly proud to receive this recognition from SIA. It reflects of the remarkable journey we’ve undertaken in Eastern Europe, building strong teams and delivering innovative talent solutions. I’m excited for the future and look forward to continuing the expansion of Gi Group Holding’s presence in this dynamic region.

Commenting on the 2024 Staffing 100 Europe list, SIA President Ursula Williams stated, “Europe’s staffing industry has shown remarkable resilience and adaptability in recent years. Our 2024 Staffing 100 Europe honourees have not only navigated challenges with skill but have emerged as pioneering leaders, shaping the future of work.”

The recognition of Barbara Bruno and Tiziano Rodolfo Roseto underscores Gi Group Holding’s commitment to innovation and growth in the staffing industry, as well as its mission to create a sustainable and enjoyable global labour market.

For more information about SIA’s 2024 Staffing 100 Europe, please visit Staffing Industry Analysts.

Gi Group Holding Publishes the 2023 Annual Report, Highlighting Strong Growth and Global Expansion

vittoriainvernizzi — Tue, 01 Oct 2024 05:00:00 +0000

News - 2023 Annual Report

Gi Group Holding Publishes the 2023 Annual Report, Highlighting Strong Growth and Global Expansion

Milan, Italy - October 1st, 2024,

Gi Group Holding is proud to announce the release of its 2023 Annual Report, showcasing a year of significant growth and strong financial performance.
The report highlights the company’s continued expansion and resilience across various regions and business lines, driven by strategic initiatives and the dedication of our global workforce.

Financial Performance Overview

In FY 2023, Gi Group Holding achieved a revenue of €3.9 billion, reflecting a 6.4% increase compared to the previous year. This growth was particularly robust in markets outside Italy, which experienced an impressive 11.3% year-on-year increase.

USA: +115.5% y/y
Germany: +29.5% y/y
APAC – Switzerland – Baltics: +25.2% y/y
Central Europe: +14.8% y/y
Eastern Europe: +8.0% y/y
LATAM & SW Europe: +5.7% y/y
Italy: +0.7% y/y
North-western Europe: -1.8% y/y

Business Lines Performance

The company’s core business lines also delivered strong results. Temporary and Permanent Staffing, which remains the primary driver of revenue, saw a 6.3% year-on-year increase. Other notable performances included:

Career Transition and Employability: +55.1% y/y
Professional Staffing: +13.0% y/y
Learning and Development: +11.2% y/y
Business Processes Outsourcing: +9.6% y/y
Middle and Senior Managers Search & Selection: -14.3% y/y

Profitability and Financial Health

Despite challenges in specific regions, Gi Group Holding maintained solid profitability. The company reported a gross profit of €559 million, a 10% increase from FY2022, with a gross margin improving to 14.2%. EBITDA stood at €108 million, slightly down from €118 million in 2022, primarily due to market contractions in North-Western Europe and France. The net profit for the year was €36 million, compared to €54 million in the previous year.

The Group’s net financial debt as of December 31, 2023, was €264.4 million, with a net financial debt to EBITDA ratio of 1.94. Total Shareholders’ Equity increased to €215 million, reflecting a solid financial foundation.

Looking Ahead

Gi Group Holding remains committed to driving sustainable growth and enhancing its global impact. The 2023 Annual Report underscores the Group’s resilience and strategic agility, setting a strong foundation for continued success in the years to come.

For a detailed overview of our 2023 performance and future outlook, please dowload the full 2023 Annual Report.

Launch of the 2023 Sustainable Work Report

vittoriainvernizzi — Thu, 25 Jul 2024 05:00:00 +0000

News - Corporate Social Responsibility Reporting Tool

Launch of the 2023 Sustainable Work Report

Milan, Italy - July 25th, 2024

Gi Group Holding is proud to announce the release of its 2023 Sustainable Work Report. This comprehensive document underscores our commitment to fostering sustainable work environments and driving positive change in the global labor market.
Promoting and realizing sustainable work means making a concrete commitment to ensuring work is decent and safe, enhancing employability, generating satisfaction for both individuals and companies, promoting diversity, equity, and inclusion, and using resources responsibly. Our efforts in these areas safeguard the future while addressing present challenges.

On the basis of these considerations, in 2023 Gi Group Holding elaborated a new version of its Sustainable Work Manifesto.

Last year, we undertook significant initiatives to reinforce our commitment to sustainable work. Our Fondazione Gi Group played a crucial role by enhancing our understanding of the employment context. This included launching the study "Youth and Work," which explores ways to empower young people to enter and remain in the workforce, thereby addressing the NEET (Not in Education, Employment, or Training) phenomenon. Our employees embraced these insights and transformed them into tangible initiatives to support the communities to which we belong. In this Sustainable Work Report, you will find details of this and other initiatives from the past 12 months. Initiatives that we hope reflect and translate to the readers of this document how we are embracing each opportunity to contribute to the evolution of the labor market.

Stefano Colli-Lanzi, Founder & CEO

Starting from fiscal year 2024, Gi Group Holding will comply with the Corporate Sustainability Reporting Directive (CSRD) guidelines and requirements. To ensure alignment with these standards, we have conducted a comprehensive gap analysis to identify areas for improvement. This analysis has informed the development of a detailed roadmap, guiding us in the preparation of future reports to meet the directive’s requirements consistently.

For more information, download the full Report.

Gi Group Holding announces FY2023 results, confirming its path of unwavering international growth

vittoriainvernizzi — Wed, 26 Jun 2024 12:00:00 +0000

News - Global Banking Day 2024

Gi Group Holding announces FY2023 results

Confirming its path of unwavering international growth

Milan, Italy (26 June 2024)

Gi Group Holding, one of the leading global players in HR services and consulting, today during the Global Banking Day event announced its results for the fiscal year ended December 31, 2023, as well as strategic business developments.
Continuing its constant trajectory of growth and development since the foundation – culminated in its 25° anniversary in 2023 – Gi Group Holding opened 2024 with the acquisition of Kelly’s European staffing business, the 51st and largest M&A operation in its history.
Through the commitment of over 9,000 people, the Group operates in 37 Countries across Europe, APAC, and the Americas, with over 700 branches and more than 25,000 client companies.

2023 has been a pivotal year in our mission to create a sustainable, streamlined, and joyful global market for candidates and companies. Our continuous organic growth, which began more than a quarter of a century ago and has continued uninterrupted since then, was complemented by an intense acquisition strategy culminating in January 2024 with the largest M&A operation in our history—the European staffing business unit of Kelly. This acquisition, covering 14 countries, strengthens our European presence and capabilities, further enhancing our ability to contribute positively to the labor market. The exciting journey we have undertaken so far is built on the exceptional contributions of our people - the greatest asset and value of our Group. Thanks to their work, we face the future with determination as we continue to pursue our goal even in these unprecedented times: to have a positive impact on the evolution of society through work, inspired by our Sustainable Work Manifesto

Stefano Colli-Lanzi, CEO & Founder of Gi Group Holding

Key consolidated results, as of December 31st, 2023

In FY 2023, Gi Group Holding reported revenues of €3.9 billion, marking a 6.4% increase over the previous year, with a further acceleration of performance in foreign countries outside Italy (+11.3% y/y).
In detail, regional performance shows: USA (+115.5% y/y), Germany (+29.5% y/y), APAC – Switzerland – Baltics (+25.2% y/y), Central Europe (+14.8% y/y), Eastern Europe (+8% y/y) and LATAM & SW Europe (+5.7% y/y), Italy (+0.7% y/y), North-western Europe (-1.8% y/y).

Regarding business lines, Temporary and Permanent Staff, which represents the primary driver of revenue and FTEs, saw an increase of 6.3% y/y. Career transition and Employability grew by 55.1% y/y, followed by Professional Staffing (+13.0% y/y), Learning and Development (+11.2% y/y), Business Processes Outsourcing (+9.6% y/y) and Middle and Senior Managers Search & Selection (-14.3% y/y).

Thanks to successful business management and great effort by employees, profitability improved with a gross profit of €559 million (+10% vs FY2022) and a gross margin of 14.2% (up from 13.8% in 2022).
EBITDA stood at €108 million, compared to €118 million in 2022, due to the reduction of business mainly in North-Western Europe and France. Net profit amounted to €36 million (€54 million in FY 2022).

As of December 31, 2023, the Group’s net financial debt amounts to €264.4 million (vs €256.5 million in 2022) with a net financial debt to EBITDA ratio equal to 1.94. Total Shareholders’ Equity increased to €215 million, compared to €196 million as of December 31, 2022.
The Full Time Equivalent (FTE) stood at 160,000, showing a continuous growth (+11% y/y and a 2015-2023 CAGR of 10%).

ESG Progress

Throughout 2023, Gi Group Holding furthered its commitment to ESG criteria, which are a cornerstone of the Group’s business model. Partnering with Fondazione Gi Group, the company continued its efforts to generate a positive social impact and promote the culture of Sustainable Work globally.

Download the FY2023 Results Preview to discover more.