21% organic growth, net fee income of €76 million

HR-tech service provider HeadFirst Group achieved a record gross invoice value of €2.6 billion in 2023, marking a fully organic growth of 21 percent compared to 2022. Net fee income increased by 20 percent to €76 million leading to an EBITDA conversion of 50%. These results lay the perfect foundation for further growth in 2024 as the organisation continues its strategy of 'tech enables touch', aiming to make societal impact simultaneously.

In addition to financial success, HeadFirst Group also saw significant increases in employee and client satisfaction in 2023. Marion van Happen, CEO at HeadFirst Group, stated: "This proves that our strategy works: by intelligently leveraging technology, we digitalise processes extensively, enabling us to utilise the personal touch of our colleagues at moments where it truly adds value for clients, suppliers, and independent professionals. Our colleagues are satisfied because they are engaged in meaningful work, and our clients are happier. These two elements continue to reinforce each other."

Impact unicorn
Due to years of organically good results and the recent completion of the joining of forces with Impellam Group, HeadFirst Global has achieved the so-called unicorn status, which says business valuation of more than 1 billion euros. Marion van Happen: "We have become a unicorn, but more importantly, we combine that with social impact. Financial results are important, so that we can continue to do for our clients what they need, but we are also taking the lead in moving towards a just, diverse and inclusive labor market. This is where our main impact lies, in line with our purpose "Join the next world of work. In addition, we are taking all actions to build an even more sustainable organization so that we deliver value to the society around us."

More information
HeadFirst Group's annual report can be read and downloaded at headfirst.group/investor-relations.