Danish employment website Jobindex A/S has experienced a record high level of job advertisements in March, and the high-level trend has continued at the beginning of April, too.
The first quarter of 2021 showed net revenue of around DKK 95 million ($15.2 million) compared to DKK 73 million ($11.7 million) in Q1 2020. An operating profit before interest and tax was DKK 35 million ($5.6 million) compared to DKK 18 million ($2.9 million) in Q1 2020.
That’s why Jobindex raises its expectations for 2021 to a net turnover of around DKK 340 million ($54.5 million). Previously, the company expected to make DKK 320 million ($51.3 million). An operating profit before interest and tax is now expected to be DKK 100 million ($16 million).
These expectations are based on the preliminary and unaudited Q1 2021 financial results. The final quarterly report for Q1 2021 is expected to be published on May 18, 2021.
Recently, Jobindex announced that they have reached the pre-crisis levels and have surpassed them. In 2020, the company saw the largest fluctuations in its history.
The good financial results enabled the company to acquire job sites nyboss.dk and jobsogningsguide.dk and the associated networks where Jobseekers and Employers Meet which currently has over 30,000 members on LinkedIn and Facebook, as MarketplaceDaily recently reported.