Press release 26th July 2016
Strong performance in H1
Revenue up 11.5% French staffing growth up + 15.1%In M€ (unaudited data) | H1 2015 | H1 2016 | change | Like-for like perimeter basis and constant change |
Q1 Of which international | 412.6 102.2 | 469.8 111.8 | +13.9% +9.4% | +13.4% +7.4% |
Q2 Of which international | 506.0 121.0 | 554.6 121.9 | +9.6% +0.8% | +9.7% +1.2% |
Total Of which international | 918,6 223.1 | 1 024.4 233.7 | +11.5% +4.7% | +11.4% +4.0% |
Groupe CRIT delivered an excellent H1 exceeding, for the first time, revenue of €1 billion over the period. With 11.5% growth, H1 2016 revenue amounted to € 1.024 million vs € 918.6 million in H1 2015.
Both France and international contributed to this growth. In France, (78% of H1 total revenue), the group confirmed its dynamic with revenue growing organically by 13.7% to € 790.7 million.
Q2 revenue, up 9.6%, remained particularly dynamic despite a high comparison basis with Q2 2015 up 17.5%.
Staffing & Recruitment division: up 12.6%H1 staffing & recruitment division (85.3% of total revenue) amounted to € 874.2 million (1) posting a strong increase of 12.6% despite a high comparison basis with H1 2015 up 17.4%.
France : organic growth up 15.1%French staffing activities recorded an excellent organic growth up above 15% to € 661.6 million, twice the market growth (up 7.5% on the 5 months ended May - source Prism'emploi). This sustained growth confirmed, once again, the strong momentum of the group in the industrial sector, particularly in the automotive. Following Q1 2016 growth of 17%, the group staffing division continues its sustained growth in Q2 with revenue up 13.4% compared to Q2 2015.
Thus, the Group continues to outperform its market and confirms its capacity to take full advantage of the improved economic environment.
International growth up 5.4%Staffing international operations grew by 5.4% in H1 to € 212.7 million. Spanish operations continue their growth momentum with H1 revenue up 17.5% to € 50.4 million. US operations posted an increase of 2.3% in H1, impacted by a decline in April and May activities (revenue down 3.9% in Q2 2016 mainly due to IT and quality control activities).
Multi-services division up +5.4%In H1 2016, Multi-services division posted revenue up 5.4%, to €158.7 million (1). In Airport services (72.8% of activity of the division), half-year revenue grew by 3.5% to €115.6 million, driven by the activity in France posting H1 revenue of € 94.6 million up 4.7%.
In View of this successful first half-year, the group remains confident for the second half of the year and confirms its objective to exceed 2 billion euros in revenue in 2016
(1) excluding inter-segment eliminations
Next release : H1 2016 results Septembre, 13th 2016 after markets close Groupe CRIT is a leading company in the staffing and recruiting sector in France. It is also well-established in the airport services sector. Groupe CRIT is listed on Nyse Euronext Paris (Segment B FR0000036675) and the CAC All-tradable, CAC All-shares and CAC Mid & Small indices.CONTACTS
Groupe CRIT
Michèle Chartier michele.chartier@groupe-crit.com TEl : +331.45.19.20.31
Actifin
Stéphane Ruiz sruiz@actifin.fr Relations Presse : adoucoure@actifin.fr TEl : +331.56.88.11.11 www.actifin.fr
Groupe CRIT SA published this content on 26 July 2016 and is solely responsible for the information contained herein.
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