Paris (France) April 24, 2024, 5:45 p.m. - Groupe CRIT (FR0000036675 - CEN), a major player in temporary work and airport services in France and internationally, announces its turnover for the 1st quarter of the 2024 financial year (January 1 - March 31).
The Group's consolidated turnover for the first quarter of 2024 amounts to € 584.5 million(1), up 0.3 % in consolidated data compared to the same 2023 period (€ 583.0 million). In organic TDA (2), the Group's growth was +1.4% compared to the first quarter of 2023.
In France, activity remains at satisfactory levels with a turnover of € 428.5 million achieved over the past quarter, an organic increase of 0.5 % (+1.8% in organic TDA). International activities are stable with a turnover of € 155.9 million (+0.3% organic TDA).
Temporary work: -1.0% in organic TDA
Resilience of activity in France and internationally
In Temporary work (80.1% of total activity), turnover for the first quarter stood at € 468.3 million (3), down by 2.4% compared to 2023 (-1.0% in organic TDA) in a market context marked by a global weak economic growth.
France: stability of activity in organic TDA
In France (72.5% of division activity), turnover for the quarter reached € 339.5 million, stable on an organic TDA basis. Activity was supported by industry (notably aeronautics) and logistics while the automobile and construction industries remained behind.
International: -3.2% in organic TDA
Internationally (27.5% of the division's activity), turnover for the quarter stood at € 128.8 million, down 4.2% (-3.2% organic TDA). In the United States, in a market still in contraction (-13% vs. 2023), turnover stood at € 56 million (-8.5% organic TDA) supported by its Staffing Professional division. In Spain, the effects of the implementation of the legislative reform initiated by the government.
Multi-services: +12.6%
Another quarter of double-digit growth
The Multiservices Sector (21% of activity for the period) achieves quarterly turnover of € 122.9 million (3), an increase of 12.6% compared to 2023.
Airport activities (74.6% of the division's total turnover) generated turnover of € 91.7 million over the past quarter, up 11.9% compared to the business volumes achieved in the first quarter of 2023 (€ 81.6 million). This activity posted a 12th consecutive quarter of double-digit organic growth.
In a more tense economic context, the good resilience of activities in this first quarter reinforces the Group's confidence in achieving its objectives and attests to its ability to adapt on its markets in France and internationally.
In accordance with the press release published on April 22, the group recalls the lifting of the last suspensive condition prior to the execution of the agreements signed with certain shareholders of the company OPENJOBMETIS. As a reminder, the Italian company OPENJOBMETIS achieved a turnover of €750 million in 2023 and acquired the company JOB at the end of 2023, with a turnover of more than € 100 million. This acquisition will position the group 6th in the Italian market.
Groupe CRIT is a French leading company in staffing and airport assistance, in France and Internationally. The Group is listed on Euronext Paris (Compartment B FR0000036675) and is included in the CAC Allshares and Euronext Family Business.
Groupe Crit
Phone: 01.49.18.55.03
communicationfinanciere@groupe-crit.com
www.groupe-crit.com
The Group's consolidated turnover for the first quarter of 2024 amounts to € 584.5 million(1), up 0.3 % in consolidated data compared to the same 2023 period (€ 583.0 million). In organic TDA (2), the Group's growth was +1.4% compared to the first quarter of 2023.
In France, activity remains at satisfactory levels with a turnover of € 428.5 million achieved over the past quarter, an organic increase of 0.5 % (+1.8% in organic TDA). International activities are stable with a turnover of € 155.9 million (+0.3% organic TDA).
Temporary work: -1.0% in organic TDA
Resilience of activity in France and internationally
In Temporary work (80.1% of total activity), turnover for the first quarter stood at € 468.3 million (3), down by 2.4% compared to 2023 (-1.0% in organic TDA) in a market context marked by a global weak economic growth.
France: stability of activity in organic TDA
In France (72.5% of division activity), turnover for the quarter reached € 339.5 million, stable on an organic TDA basis. Activity was supported by industry (notably aeronautics) and logistics while the automobile and construction industries remained behind.
International: -3.2% in organic TDA
Internationally (27.5% of the division's activity), turnover for the quarter stood at € 128.8 million, down 4.2% (-3.2% organic TDA). In the United States, in a market still in contraction (-13% vs. 2023), turnover stood at € 56 million (-8.5% organic TDA) supported by its Staffing Professional division. In Spain, the effects of the implementation of the legislative reform initiated by the government.
Multi-services: +12.6%
Another quarter of double-digit growth
The Multiservices Sector (21% of activity for the period) achieves quarterly turnover of € 122.9 million (3), an increase of 12.6% compared to 2023.
Airport activities (74.6% of the division's total turnover) generated turnover of € 91.7 million over the past quarter, up 11.9% compared to the business volumes achieved in the first quarter of 2023 (€ 81.6 million). This activity posted a 12th consecutive quarter of double-digit organic growth.
In a more tense economic context, the good resilience of activities in this first quarter reinforces the Group's confidence in achieving its objectives and attests to its ability to adapt on its markets in France and internationally.
In accordance with the press release published on April 22, the group recalls the lifting of the last suspensive condition prior to the execution of the agreements signed with certain shareholders of the company OPENJOBMETIS. As a reminder, the Italian company OPENJOBMETIS achieved a turnover of €750 million in 2023 and acquired the company JOB at the end of 2023, with a turnover of more than € 100 million. This acquisition will position the group 6th in the Italian market.
Groupe CRIT is a French leading company in staffing and airport assistance, in France and Internationally. The Group is listed on Euronext Paris (Compartment B FR0000036675) and is included in the CAC Allshares and Euronext Family Business.
Groupe Crit
Phone: 01.49.18.55.03
communicationfinanciere@groupe-crit.com
www.groupe-crit.com
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