USG was formed in 1997 through a merger between Goudsmit and Unique International. In 2005, USG merged with Solvus and became the No.5 player in Europe. The company’s founder, Alex Mulder, owns c.20.1%. Management targets an EBITA margin through the cycle of 6.0%. USG People is active in four countries, including the Netherlands (43%), Belgium (26%), France (21%) and Germany (10%). USG generates c.60% of sales in general staffing, 33% in specialist staffing and 7% in professional services. USG is a strong SME player in the Netherlands.
Delegates: Rob Zandbergen (CEO); Dirk Veerman (IR)
Broker Analyst: Marc Zwartsenburg