Over €400 million organic sales growth, gross margin of €63 million
HR-tech service provider HeadFirst Group has achieved revenue (gross billing value) of over 2.2 billion euros for 2022, with a gross profit of 63 million euros. This represents revenue growth of 38% compared to 2021, largely achieved organically through successfully serving existing and new clients. In 2023, the company continues its strategy, in which digitalization and international growth are two key pillars.
Organic growth and targeted acquisitions
Revenue 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 a number of targeted acquisitions: the Belgian HR tech company ProUnity, IT talent sourcers StarApple and StackOps, online recruitment platform OpenTalent and the platform for freelance services ZZP365. Marion van Happen, CEO at HeadFirst Group: "We had a successful year in all areas. We welcomed new clients and again helped more professionals - self-employed and employed by our suppliers - to valuable assignments. The new brands in our group found their place. And finally, as an employer, we were rated as a Great Place to Work."
Digital transformation
HeadFirst Group also aims to grow in 2023 through the combination of successful service delivery to its clients - both clients, suppliers and independent professionals - and targeted acquisitions that add value to the group. To enable HeadFirst Group's expansion in Europe - a key part of the strategy - IceLake Capital joined as a new investor in 2022. Van Happen: "We are accelerating our digital transformation with the goal of mixing technology and human touch in the most ideal way in our services. 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 are going full speed ahead 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/investor-relations.
About HeadFirst Group
HeadFirst Group is a leading, international HR technology service provider and the largest platform for professionals in the Netherlands. The organization offers a diversity of HR solutions, such as Managed Service Providing, Recruitment Process Outsourcing, intermediary services (matchmaking, contracting) and HR consulting. Every day more than 25 thousand professionals work for over five hundred clients in Europe, with which HeadFirst Group realizes an annual turnover of over two billion euros. The main brands of HeadFirst Group are the MSP (including intermediary services) labels HeadFirst, Between and Staffing Management Services, RPO and recruitment specialist Sterksen, IT talent sourcer StarApple and the Belgian HR-tech company ProUnity.