France – Mare Nostrum Q4 revenue up 11%, business lines gain momentum / Daily News / Editorial / Home

January 31, 2023

Mare Nostrum SA (ALMAR:PAR), a Grenoble, France-based human resources provider, reported fourth-quarter momentum across its business lines. Revenue for the quarter rose 11% year-on-year to EUR 46.1 million.

Full-year 2022 revenue is up 10% to 171.4 million euros.

Mare Nostrum announced the results on January 26.


2022 2021 % Change
(millions of euros)
the first season 84.6 75.7 12%
the third quater 40.8 38.3 7%
fourth quarter 46.1 41.6 11%
all 171.4 155.6 10%

Temporary employees, which account for 86% of revenue, grew 9% year-over-year.

Mare Nostrum noted that industry, agricultural products and transport/logistics accounted for 22 percent of the temporary staff sector’s revenue. The construction sector accounts for 68% of temporary staff income. The company also noted that construction casual labor revenue rose 13% year-on-year to 100 million euros.

stock price and market capitalization

Shares in Mare Nostrum closed 6.17 percent above their 52-week low in Paris on Monday, according to The company has a market capitalization of EUR 18.3 million.

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