SD Worx press room

SD Worx, the leading European HR and payroll solutions provider, has acquired Gavdi Poland, the market leader of SAP HR solutions in Poland, from the Danish Gavdi Group. Gavdi Poland, headquartered in Warsaw, provides SAP HCM (Human Capital Management), SAP SuccessFactors consultancy and application management services. The company has also own developed solutions that are compatible with SAP HR software and extend its capabilities. Through this acquisition SD Worx reinforces its SAP HR capabilities to help customers in the mid-market and enterprise segments with HR and payroll solutions. 

Three-quarters of companies operating internationally are firmly committed to digitalisation in the workplace. Even so, almost half of these companies still have a long way to go when it comes to integrating their different HR systems with each other. This may also explain why four out of ten employees in the companies surveyed struggle to keep track of all the applications available. These are the results of a study by the European HR service provider SD Worx of 4,833 employers and 16,011 employees across sixteen European countries. 

SD Worx, the leading European HR solutions provider, reports good results for the first half of the year. It achieved a consolidated revenue of EUR 524.6 million, which is 10.4% more than the first half of 2022 (EUR 475.3 million). The consolidated normalised EBITDA grew by a quarter (26.1%) from EUR 70.2 million in the first half of last year to EUR 88.5 million during the first six months of this year. The consolidated net result amounted to EUR 42.5 million.

SD Worx provides its employees with increased flexibility and trust in managing their work-life balance. Starting from this Summer, the leading European HR solutions provider is introducing so-called “workation” opportunities across the entire organisation.

SD Worx, the leading European HR and Payroll solutions provider, is delighted to welcome CVC Strategic Opportunities II as a new partner and minority shareholder. WorxInvest, the current shareholder of SD Worx, remains the majority shareholder and will keep 77.5 % of SD Worx. The additional capital generated by the transaction will be invested to accelerate the execution of SD Worx' European growth plans.

One in three European employees may still request leave on the day itself. Eight in ten employees (79%) may already check and request their leave days digitally.

Digitalisation is a priority at many companies, with two-thirds endorsing it as a general goal. Digitalising HR fits in well with that, and six out of ten companies are investing in this area. All top three of HR tech investments are dedicated to employee-oriented HR applications. These facts were revealed by a new study of 4,833 employers and 16,011 employees in sixteen European countries, commissioned by European payroll and HR services provider SD Worx.

SD Worx, the leading European HR solutions provider, has published an extended Environmental, Social and Governance (ESG) Report. The ESG report has dedicated sections on the ESG strategy, ambitions, and governance. It presents a materiality analysis and indicates how SD Worx creates social impact and supports its customers to manage their ESG initiatives.

Around half (46%) of European employees do not regard communicating openly and transparently about the content of their pay package as a problem. A quarter prefer to keep this to themselves and 30% do not really have an opinion on it. Croatians are the most candid (59%) about their pay slips and Danes the most reluctant (38%). This is shown by international research into remuneration by SD Worx, the leading European HR and Payroll Provider, covering 16,000 employees in sixteen countries.European companies will soon be subject to new legislation, which will involve employers offering more openness about pay packages, thus making it easier for employees to compare salaries – and also revealing any pay gap.

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).

Companies can use data analysis to deploy their staff smartly, efficiently and productively, while taking planning, available capacity and skills, and occupational goals into account.