Press
SD Worx and Protime Strengthen Partnership with Cycling Team, Extending Contract Until 2028
23 April 2024European HR services provider, SD Worx along with Protime, the leading name in European timekeeping and employee scheduling solutions, have renewed their commitment as the main sponsors of Team SD Worx – Protime. Extending their partnership through 2028.
Need for Speed: Companies demand fast pain relief for payroll as new tax year looms
26 March 2024Just days from the start of the new tax year, 41% of UK companies say speed and efficiency is their biggest payroll pain point. That’s according to new research from SD Worx, the leading European HR solutions provider.
SD Worx subsidiary Protime acquires AI technology and expands workforce planning capabilities
13 March 2024Protime, the Belgian market leader in time registration and employee scheduling, has acquired Sheepblue, AI-based software for workforce planning, developed by the similarly named start-up founded in 2018 and headquartered in Vienna (Austria). The software specialises in shift-based industries that require precise workforce planning capabilities, such as manufacturing or logistics.
SD Worx revenues exceed EUR 1 billion in 2023
27 February 2024SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 1.058 billion last year, an increase of 10% compared to 2022 (EUR 962.1 million). The consolidated normalised EBITDA grew 32.8% from EUR 136.7 million in 2022 to EUR 181.6 million in 2023. The consolidated profit before taxes rose by EUR 6.2 million to EUR 88.1 million. The consolidated net profit decreased from EUR 81 million in 2022 to EUR 70.1 million in 2023. As a reminder: the consolidated net profit growth in 2022 was exceptional (increasing from EUR 46.8 million in 2021 to EUR 81 million in 2022), affected by the capital gain realised on the sale of the real estate portfolio of SD Worx Real Estate NV to WorxInvest.
Teresa Olszewska appointed as Managing Director SD Worx SAP Solutions
31 January 2024SD Worx, the leading European HR solutions provider, has appointed Teresa Olszewska as Managing Director for its SAP Solutions business. Teresa Olszewska will report into Tom Saeys, Chief Operating Officer at SD Worx.
SD Worx subsidiary Protime acquires Spanish sector peer SoftMachine
4 January 2024Protime, the Belgian market leader in time registration and work scheduling, is acquiring its Spanish sector peer, SoftMachine. SoftMachine is a specialist provider in its home country and supports some 450 medium-sized (inter)national customers. The acquisition is part of Protime’s ambition to become the European market leader in workforce management solutions. The software company, based in Mechelen, is already active in its neighbouring regions including the UK, Scandinavia and now, in Spain.