France – Umbrella company Umalis Group reported revenue up 21.2% in Q1

18 April 2023

Umalis Group (MLUMG:EMA), an umbrella company based in Paris, reported first-quarter revenue rose 21.2% year over year to more than €4.0 million.

For the full-year 2023, Umalis aims for turnover of €20 million, up on a like-for-like basis from €15.0 million.

In the event Umalis acquires Missions Cadres, also a Paris-based umbrella firm, the company said it expects revenue of €26 million.

Umalis also reported that last February it signed a partnership agreement with freelancing platform Bizme.fr. Launched in September 2022, the marketplace targets a French-speaking African and European audience of more than 10 million freelancers. The flow of visitors to the Bizme.fr site is currently between 250,000 and 350,000 annually.