SD Worx is a leading provider of people solutions, with European roots and global reach. We spark success at the heart of our customer’s business, so they and their people can thrive.
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- Consolidated Financial Statements for the Financial Year 2022 incl. Annual Report BoD
- Annual Report 2022
- Earnings release for the financial year ending 31 December 2022
- Consolidated Financial Statements for the Financial Half Year ending 30 June 2022
- Annual Report 2021
- Earnings release for the financial year ending 31 December 2021
- Consolidated Financial Statements for the Financial Half Year ending 30 June 2021
- Annual Report 2020
- Earnings release for the financial year ending 31 December 2020
- Consolidated Financial Statements for the Financial Half Year ending 30 June 2020
- Earnings Release for the Financial Year ending 31 December 2019
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- Download prospectus (Dutch)
- Download summary prospectus (French)
SD Worx continues growth strategy and reports good results for 2022
SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 962.1 million in 2022, which is an increase of +12.1% compared to 2021 (EUR 858.1 million). The normalised EBITDA grew to EUR 136.7 million, or 18.3% more compared to 2021 (EUR 115.6 million). The net profit climbed to EUR 81 million, an increase of 73.1% compared to 2021 (EUR 46.8 million).
SD Worx acquires Integrho and reinforces its presence in Spain
The leading European HR solutions provider SD Worx has acquired Integrho, a supplier of payroll software for the local Spanish market, headquartered in Barcelona. With this acquisition, SD Worx further strengthens its business in Spain, where it sees a lot of growth potential.
SD Worx expands Irish footprint with acquisition of Intelligo
SD Worx, the leading European HR solutions Provider, has acquired Intelligo – an Ireland-based supplier of HR and Payroll Software and Outsourcing Services – to further expand its presence in the Irish market and to strengthen its portfolio of own payroll and HR software.
SD Worx appoints Bruce Fecheyr-Lippens as Chief People Officer
HR and payroll services provider SD Worx has appointed Bruce Fecheyr-Lippens as Chief People Officer. Bruce is a member of the Executive Committee and reports to CEO Kobe Verdonck.
SD Worx records strong growth figures in the first half of 2022
SD Worx, the leading European provider of payroll and HR services, recorded a consolidated turnover of 475.3 million euro in the first half of 2022. That is an increase of 18% compared to the first half of last year. Normalized EBITDA came in at 70.2 million euro, which is 9.2% more compared to the first half of 2021. During the second half of 2021, SD Worx invested significantly in attracting additional employees to support the company's rapid growth.
SD Worx acquires HRPRO and enters Southeastern Europe
The leading European Payroll and HR provider SD Worx has acquired HRPRO, an HR tech company located in Zagreb, Croatia. With this acquisition, SD Worx expands its local presence to 18 European countries and enters Southeastern Europe, where it sees a lot of growth potential.
SD Worx signs partnership with PayGroup to help European multi-country customers growing into the Asia-Pacific and the Middle East regions
The leading European payroll and HR services provider SD Worx has signed a partnership with PayGroup to support its European multi-country customers having branches in the Asia-Pacific and Middle East region. PayGroup started operating in 2005 and is one of the top three independent payroll and HR providers in Asia-Pacific, providing mission critical services across 82 countries.
SD Worx takes a majority stake in huapii and expands its talent management offering
The leading European Payroll and HR service provider SD Worx is taking a majority stake in the Belgian company, huapii. Huapii offers a talent platform that gives employees ownership of their career through skill and performance management. This way, SD Worx is strengthening its talent management offering, while huapii is being given a springboard to break through internationally.
SD Worx realises double-digit growth in 2021
SD Worx, the leading European HR and payroll services provider, achieved a consolidated turnover in 2021 of EUR 858.1 million (+15.4% compared to the EUR 743.5 million in 2020) and a normalised EBITDA of EUR 115.6 million, an increase of 20.0% compared to 2020 (EUR 96.3 million). The net result amounts to EUR 46.8 million.
SD Worx sells ASPEX to Trustteam
SD Worx has sold ASPEX to Trustteam, a Belgian IT partner for SMEs. Aspex has been helping clients migrate their systems to the cloud for over fifteen years. It is particularly specialised in the public cloud, to which more and more companies are turning in order to keep their ever-increasing amounts of data safe. ASPEX's core business has little to do with that of SD Worx and in Trustteam we have found a partner who can further expand the scale of ASPEX.
SD Worx continues to grow and achieves strong financial results during the first half of 2021
SD Worx, the leading European HR & payroll services provider, achieved in the first half of 2021 a consolidated turnover of EUR 402.7 million (+ 11.1% compared to the first half of last year) and a normalised EBITDA of EUR 64.3 million (+ 16.5% compared to the first half of 2020). The positive results allow SD Worx to further invest in its growth ambition.
SD Worx acquires launch! and strengthens its position in SAP SuccessFactors services
SD Worx, a leading European HR & Payroll services provider, has acquired launch!, a Dutch company providing SAP SuccessFactors-based implementation, maintenance and outsourcing services. With this acquisition, SD Worx strengthens its footprint in HR cloud & payroll market to better support the digital HR needs of enterprises across Europe.
SD Worx accelerates digital innovation and becomes majority shareholder of Teal Partners
SD Worx, a leading European HR & Payroll services provider, has become the majority shareholder of Teal Partners. SD Worx has enjoyed a close collaboration with the Belgian software development provider Teal Partners since its inception, and the two companies have worked together on a number of innovative products and services. For the last two years, SD Worx has been a minority shareholder of Teal Partners.
SD Worx continues international growth and enters Scandinavia with Aditro acquisition
SD Worx, a leading European Payroll and HR services provider, has entered into a definitive agreement to acquire Aditro, a leading Cloud HR & Payroll software provider in Sweden, Finland and Norway. This transaction advances SD Worx’s ambition to become the reference payroll and HR services provider in Europe. By entering the Nordics, SD Worx strengthens its geographical footprint and position as leader in the European HR and payroll market.
SD Worx achieves positive profit results despite corona crisis
SD Worx, a leading European HR & payroll services provider, achieved a consolidated turnover of EUR 743.3 million (-3.2% compared to 2019) and a normalised EBITDA of EUR 77.3 million (+15.3% compared to 2019) in 2020. The normalised EBITDA includes investments in digital transformation for an amount of EUR 11.8 million.