Gi Group Holding Company Profile

Background

Gi Group Holding, established in 1998 and headquartered in Milan, Italy, is a prominent global provider of services aimed at evolving the labor market. The company operates in 34 countries across Europe, the Americas, and Asia, employing over 8,000 staff members. With a mission to contribute to the development of a sustainable and enjoyable global labor market, Gi Group Holding emphasizes the personal and social value of work. The company's vision is to be recognized as a worldwide player responsible for creating a sustainable and enjoyable global labor market for candidates and companies, reflecting market needs.

Key Strategic Focus

Gi Group Holding's strategic focus encompasses a comprehensive suite of human resources services, including temporary and permanent staffing, professional recruitment, middle management and executive recruitment, business process outsourcing, learning and development, career transition and employability, and programmatic job advertising platforms. The company operates through seven complementary brands:

Gi Group: Temporary staffing and development.

Gi BPO: Business process outsourcing.

INTOO: Career transition and employability.

Wyser: Middle and senior management search and selection.

Grafton: Professional staffing.

Tack/TMI: Learning and development.

Jobtome: Programmatic job advertising platform.

This diversified approach allows Gi Group Holding to address various client needs across multiple industries and regions.

Financials and Funding

In the fiscal year ending December 31, 2022, Gi Group Holding reported revenues of €3.6 billion, marking a 12.3% increase compared to the previous year. The company achieved a gross profit of €508 million (up 20% from FY2021), EBITDA of €139 million (up 21.1% from FY2021), and a net profit of €54 million (up 33.4% from FY2021). As of December 31, 2022, the group's net financial debt stood at €256 million, maintaining a solid IFN/EBITDA ratio of 1.85x. The net equity increased to €196 million, up from €144 million in the previous year.

Technological Platform and Innovation

Gi Group Holding is committed to digital transformation, aiming to become a data-driven organization. The company has established the Global Digital, Innovation, and Analytics function to facilitate informed decision-making through descriptive, diagnostic, and predictive analysis. Investments have been made in the Gi-Suite tool, a multi-product application designed to streamline daily activities and automate recruitment processes. Additionally, the Adoption & Change unit was created to support resources throughout the operational phases, from initial preparation to monitoring selected KPIs, and to leverage the database's potential through the Database Monetization project.

Leadership Team

Gi Group Holding's leadership team comprises experienced professionals dedicated to advancing the company's mission:

Stefano Colli-Lanzi: Chief Executive Officer & Founder.

Barbara Bruno: Chief Practice Officer - Staffing.

Cetti Galante: Chief Practice Officer - Outplacement.

Luis Del Olmo: Chief Practice Officer - Outsourcing.

Jerome Lafuite: Chief Practice Officer - Search & Selection and Professional.

Jim O’Brien: CEO Tack TMI.

Luca Paderni: CEO Jobtome.

Francesco Baroni: Chief Regional Officer - Italy.

Paolo Caramello: Chief Regional Officer - Central Europe.

Daniele Merlerati: Chief Regional Officer - APAC, Baltics, Benelux.

Tiziano Rodolfo Roseto: Chief Regional Officer - Eastern Europe.

Rui Rocheta: Chief Regional Officer - LATAM, South Western Europe.

Paulo Canoa: Chief Regional Officer - UK, Ireland.

Stefano Tomasi: Chief Regional Officer - Germany, Nordics.

Maurizio Uboldi: Chief M&A Officer & Chief Regional Officer – Switzerland.

Antonio Bonardo: Public Affairs Senior Director.

Massimo Borroni: Chief Information & Technology Officer.

Tamara Schenk: Chief Marketing Officer.

Maria Luisa Cammarata: Chief People Officer.

Nicola Dell’Edera: Chief Financial Officer.

Dario Dell’Osa: Chief Legal Officer.

Luca Giovannini: Chief Digital & Innovation Officer.

Domiziano Pontone: Chief Corporate Sales Officer.

Davide Toso: Chief Corporate Affairs & Compliance Officer.

Competitor Profile

Market Insights and Dynamics

The global staffing and recruitment industry is highly competitive, with numerous firms offering a range of human resources services. Gi Group Holding, as the 8th largest European staffing firm and 15th worldwide, operates in a market characterized by rapid technological advancements and evolving client needs.

Competitor Analysis

Key competitors include:

StaffMark Group: Provides recruitment and staffing services.

Sundaram Business Services: Offers recruiting services.

CGP: Provides recruitment solutions.

Workforce Staffing: Specializes in staffing and recruiting solutions.

Strategic Collaborations and Partnerships

Gi Group Holding is a global corporate member of the World Employment Confederation, representing the recruitment and employment industry at a global level. The company is also a member of Staffing Industry Analysts, a global advisor on staffing and workforce solutions.

Operational Insights

Gi Group Holding's strategic acquisitions have significantly enhanced its market position. Notably, the acquisition of Kelly's European Staffing Business in January 2024 marked the company's largest acquisition to date, increasing its revenues to €5 billion and expanding its activities in eleven countries, including France, Portugal, and Switzerland.

Strategic Opportunities and Future Directions

Gi Group Holding aims to further consolidate its presence in stronghold markets such as Italy, Brazil, the UK, Germany, France, Poland, China, and Spain. The company plans to accelerate growth in high-opportunity countries through organic growth and potential acquisitions. Additionally, Gi Group Holding seeks to reinforce and enhance its core temporary staffing business and expand its professional staffing services, particularly by growing relationships with top corporate clients.