SFN Group Grows Revenues by 20 Percent

February 7, 2011 – Recruiting giant SFN Group/(NYSE:SFN) has posted fourth quarter 2010 revenues of $549 million, a 20.5 percent increase from revenues of $456 million during the same period last year. The Fort Lauderdale-based company recorded earnings of $9.4 million, or $0.17 per share on a diluted basis, compared with breakeven results in the prior year. In 2010, revenues were $2.1 billion for the full year compared with $1.7 billion in 2009. “Our fourth quarter and full year results reflect solid execution of our strategy and disciplined operational management,” said SFN Group president and CEO Roy Krause. ”We took advantage of improving industry trends to grow revenue, particularly within professional services, improve EBITDA margins to three percent for the full year and generate significant operating cash flow.”

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