Personnel Services Provider TEMPTON Increases Revenue and Profits to Record Level in Fiscal 2021

DGAP-News: TEMPTON Personaldienstleistungen GmbH / Key word(s): Annual results
01.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Personnel Services Provider TEMPTON Increases Revenue and Profits to Record Level in Fiscal 2021

• The turnover for the 2021 financial year goes from to 315 EUR^[1] million compared to 219 million euros in 2020

• Adjusted EBITDA for FY 2021 almost doubled year-over-year to EUR 23.5^[2] million

• Best financial year in company history

• Further profitable growth expected for 2022

• Consideration of a possible IPO

Essen, March 1, 2022 – The Tempton Group (“TEMPTON“), one of the leading and fastest growing personnel services providers in Germany, significantly increased its revenues and profits in the full fiscal year 2021, as well as in the fourth quarter of 2021. According to the Preliminary IFRS figures, the Essen-based company generated revenues of EUR 315 million in fiscal year 2021, up 43.8% year-on-year (EUR 219 million). Adjusted EBITDA for the year 2021 was EUR 23.5 million, 95.8% higher than the EBITDA of the previous year (EUR 12 million). The operating margin increased from an already excellent value of approx. 5.5%^[3] (2020) in an industry comparison at a value of approx. 7.5%^[4] (2021). 2021 was therefore the best financial year in TEMPTON’s 30-year history. There were no net financial debts^[5] at the balance sheet date (December 31, 2021).

TEMPTON also had a very successful start to the first quarter of 2022. For the current fiscal year, management expects continued revenue and profit growth despite the current difficult geopolitical situation.

“The evolution of the past year has once again proven the power of sustainable growth of our economic model, which has been continuously optimized since 2014. In particular, thanks to the demanding positioning of our company, our tools continuously optimized recruiting processes, the focus on sales as well as an exceptional degree of digitization in our industry, we believe we have once again outperformed the overall market and thus strengthened our position sustainably,” said the Dr Annett Tischendorf, managing shareholder of the Tempton Group “Building on this, we will continue to drive our expansion in the years to come. The drivers of strong growth and even acceleration of revenues in the future will be our continued active role in consolidating the fragmented market and the sustainable development of all business segments. backed by our excellence in digitization.”

With over 9,000 employees, a broad base of over 10,000 corporate customers and over 150,000 job applications per year, TEMPTON is one of the top 10 personnel service providers in Germany. For years, TEMPTON has also been recognized as one of the most popular employers among applicants and employees, both in industry and in Germany in general. Under the leadership of professional and modern owners, TEMPTON has grown significantly over the past few years and risen to the top of the industry. The high-growth, high-margin business model is based in particular on the following pillars:

• Focus on short- and medium-term staffing needs

• Large customer base in all sectors

• Wide range of qualifications and products

• National presence in Germany

• Excellence in digitalization

• Strong employer brand

• Exceptional expertise in IT-enabled recruitment

• High financial and investment strength

• Professional and sustainable owner management and reliability

• Sustainable ESG Compliance

Against the backdrop of the current positive and sustained business performance, Tempton Group shareholders are evaluating the option of an IPO, particularly to better address future disproportionate growth opportunities. COMMERZBANK has been tasked with reviewing and preparing for a possible IPO. In this context, the consolidated accounting at the level of Tempton Group GmbH changed from HGB to IFRS from the financial year 2019 in order to prepare for the possible IPO.

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^[1] All revenue and profit figures contained in this press release are consolidated IFRS figures. Preliminary and not yet audited
^[2] All Adjusted EBITDA figures in this press release do not include IFRS 16 adjustments
^[3] Based on EBITDA
^[4] Based on adjusted EBITDA
^[5] Calculated on the basis of cash and cash equivalents less interest-bearing debts (but excluding lease debts according to IFRS 16)

# # #

Press contacts:

Mrs Christina Decker
Marketing Director
Tempton Personnel Services GmbH
Schürmannstrasse 24
45136 Essen
Telephone: +49 201 89479-48
Email: Christina.Decker@Tempton.de

About TEMPTON:

TEMPTON, headquartered in Essen, is one of the leading and fastest growing personnel service providers in Germany. Every day, more than 10,000 companies trust us to support them with competent employees from almost all sectors. These include industrial technical assistants, skilled assistants and skilled workers as well as commercial staff, certified nurses, IT experts, airport staff, engineers and interim managers.

Our service portfolio sets us apart from other personnel service providers. Because beyond hiring employees, we offer our customers almost all services for the right staff. Takeover of personnel, direct placement, recruitment of personnel as well as the provision of experts on a temporary basis or our master vendor solution are part of this. In addition to offering complete staffing solutions, TEMPTON specializes in outsourcing entire processes and offers various technical services to Tempton Technik.

In 2007, TEMPTON was born from a merger of medium-sized personal service companies and thus combines decades of know-how. Today, Tempton has more than 9,000 employees throughout Germany, who work for a wide range of companies from around 140 branches throughout Germany – from small and medium-sized businesses and enterprises to large corporations and well-known corporations. known.

TEMPTON is listed with a bond on the open market of the Frankfurt Stock Exchange under WKN A3MP7A and on the Nordic ABM in Oslo Børs under ISIN NO0011129496.

01.03.2022 Dissemination of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
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