SD Worx posts strong figures in 2017

29 March 2018

SD Worx Group, a leading provider of global Payroll & HR services, achieved strong results in 2017. Turnover increased from €397 million in 2016 to almost €443 million in 2017. EBIT (earnings before interest and taxes) climbed from €35.2 million to €46.6 million in 2017. EBITDA (earnings before interest, taxes, depreciation and amortization) rose from €46.8 million to €55.2 million in 2017.

In addition, while SD Worx remains focused on digitization of its business and providing excellent customer experience, it is also committed on continuing its international growth. This commitment is also reflected in the figures for 2017 where turnover outside of Belgium has grown from 19 percent in 2015 to 38 percent in 2017. Meanwhile, SD Worx remains the market leader in Belgium, its home country. The international growth further confirms  SD Worx Group  into a solid second place position within Europe for payroll and HR services and in the top five providers worldwide.

Digitisation is on the rise

"We are delighted to see that the effects of our international growth strategy are clearly visible from our figures. More and more companies are operating internationally and the growth potential in this market is still enormous. Local growth in the countries where we have offices of course remains crucial to our business. SD Worx can only grow internationally if we remain strong and healthy in our domestic markets. We can also grow by focusing even more on outsourcing and Human Capital Management services. Finally, we believe there is a great deal of potential for digitisation within HR. For example, we are in the process of developing new products and services. We are currently testing a digital assistant that can organise a number of HR tasks for the employee," says Steven Van Hoorebeke, CEO of SD Worx Group.