Smartree Romania posts 20 per cent revenue growth in 2017

Smartree, one of the leaders from Romania on the HR outsourcing processes market, posted revenues in increase by 20 percent in 2017 to 14.5 million Euro, due to the increase in the temporary work services segment, as well as on the salary calculus outsourcing and software apps for HR resources.

2018-03-27 13:52:51

Last year the company posted a turnover of 14.5 million Euro, higher by 20 percent than in 2017, when the revenues reached around 12.2 million Euro, according to Business Review.

"The business growth factors were mainly the temporary work services, a segment which increased both from the point of view of revenues, by approximately 30 per cent compared with the average of 2016," said Adrian Stanciu, CEO Smartree. "This increase is even more important for us, as the general context is unfavorable for the personal leasing, a segment affected by the difficult conditions from the labor market in the last years."

The Smartree's revenues registered increases by close to 10 percent on outsourcing services for salaries calculus and software for HR processes. The number of employees processed through the salary calculus apps Smartree increased compared with the previous year from 46.000, to 50.000.

Smartree aims to increase the market share on the temporary work segment. Also, the company aims to exploit the new necessities of the HR market regarding the flows automatization and digitalization by offering also the possibility of rentals for all MyStaff modules.