Over € 400 million organic revenue growth, gross profit of € 63 million
HR-tech service provider HeadFirst Group has achieved 2022 revenue (gross invoice value) of over EUR 2.2 billion, with a gross profit of EUR 63 million. This represents a 38% revenue growth compared to 2021, largely organic through successfully serving existing and new clients. In 2023, the company continues its strategy, with digitalisation and international growth being two key pillars.
Organic growth and targeted acquisitions
The gross invoice value of over 2.2 billion euros represents an increase of 600 million euros compared to 2021, of which more than 400 million (27%) is organic growth. In addition, HeadFirst Group made several targeted acquisitions: Belgian HR-tech company ProUnity, IT talent sourcers StarApple and StackOps, online recruitment platform OpenTalent, and professionals services platform ZZP365. Marion van Happen, CEO at HeadFirst Group, says: "We had a successful year on all fronts. We welcomed new clients and again succeeded in helping more professionals - independent and employed by our suppliers - find valuable assignments. The new brands in our group found their place. And to cap it all, we have been rated a Great Place to Work."
Digital transformation
HeadFirst Group also aims to grow in 2023 through the combination of successful services to its customers - both clients, suppliers and professionals - and targeted acquisitions that add value to the group. To enable HeadFirst Group's expansion in Europe - a key part of our strategy - IceLake Capital has joined as a new investor. Van Happen: "We are accelerating our digital transformation with the aim of mixing technology and human touch in our services in the most ideal way. By deploying tech smartly, we create that colleagues have personal contact at the times it really adds value for our customers. With IceLake on board, we will go at full speed on that strategic line in 2023."
Van Happen continues, "Our purpose is: Join the next world of work. This new world of work is transparent, inclusive, increasingly technology-based and less fixated on the contract form. We are taking the lead in the journey to this next world and invite everyone around us to contribute to it.
More information
HeadFirst Group's annual report can be read and downloaded at hfgroup.headfirst.group/en/investor-relations.
About HeadFirst Group
HeadFirst Group is a leading, international HR-tech service provider and the largest platform for professionals in the Netherlands. The organization offers a wide range of HR solutions, such as Managed Service Providing, Recruitment Process Outsourcing, IT Sourcing & Recruitment and HR consultancy. More than twenty-five thousand professionals work for over five hundred clients in Europe, with which HeadFirst Group realizes an annual revenue of over two billion euros. The main brands of HeadFirst Group are MSP (including intermediary services) labels HeadFirst, Between and Staffing Management Services, RPO and recruitment specialist Sterksen, IT talent sourcer StarApple, and Belgian HR-tech company ProUnity.