Press release

October 25th, 2023

Third-quarter 2023 revenue: 653.2 M€ (+6.2%)

Favourable trend in Temporary work

Continued growth in airport activities

Groupe CRIT (FR0000036675 - CEN), a major player in temporary work and airport services in France and abroad, announces its revenue for the 3rd quarter of the 2023 financial year (July 1 - September 30).

Revenue (M€) (1)

2023

2022

Variation

Constant scope and

exchange rates

1st quarter

583.0

523.6

+11.3%

+6.4%

2sd quarter

652.9

595.1

+9.7%

+4.9%

3rd quarter

653.2

615.2

+6.2%

+1.6%

Total

1 889.1

1 733.9

+9.0%

+4.2%

The Group's consolidated turnover for the third quarter of 2023 amounts to € 653,2 million, an increase of 6.2% compared to the same period of 2022 (€ 615.2 million). This progression includes a scope impact of 5.4% linked to the integration of the Swiss company OK Job, consolidated since January 1, 2023. Thanks to this acquisition, international now represents more than a quarter of the Group's activity (26.7% in the third quarter 2023). At constant scope and exchange rates, the Group's organic growth came to +1.6% over the same quarter (+2.7% organic TDA).

In France, activity remains at satisfactory levels with quarterly turnover once again increasing to € 478.9 million (+1.7% and +2.9% organic TDA). International activities show an increase of 20.8% taking into account the integration of OK Job. At constant scope and exchange rates, International grew by 1.1% (+ 2.0 % organic TDA).

In a contrasting economic environment, all core businesses contributed to the good performance of the quarter. A development that is all the more satisfactory as it was compared to a third quarter of 2022, which already showed strong growth in its activity (+15.2% compared to the same quarter of 2021). It should also be noted that the Group posted in this quarter, for the first time, a higher level of activity than in the same period of 2019 (€ 649.5 million), benchmark year prior to Covid.

Temporary work: +4.7% in the 3rd quarter

Solidity of activity in France

An international activity driven by the integration of OK Job

In Temporary work (80.8% of total activity), turnover for the third quarter was € 527.6 million (2), up 4.7% (+0.4% organic TDA) compared to the same quarter of the previous financial year.

France: +1.0% organic TDA

In France (72.3% of division activity), turnover for the quarter reached € 381.3 million, up 1% in organic TDA. Activity was driven by services while industry remained behind.

International : +21.3%

Internationally (27.7% of the division's activity), turnover for the quarter stood at € 146.3 million, an increase of 21.3%, mainly linked to the integration of OK Job (-1.4% organic TDA).

In the United States, reflecting the end of major construction projects and the continuing slowdown in automobile industry due to strikes, activity fell by 2.7% or € 63.2 million over the quarter. In Spain, with the effects of the legislative reform introduced by the government at the beginning of 2022 now integrated into the basis for comparison, activity was down very slightly compared to 2022 (-1.9% on an organic TDA basis, or € 33.6 million).

Multi-services : +10.8%

Another quarter of double-digit growth

The Multiservices Sector (20.2% of total activity) achieves quarterly turnover of € 132 million (2), up 10.8% (+11% at constant scope and exchange rates) compared to 2022.

Airport activities (79.7% of the division's total turnover) generated turnover of € 105.2 million over the past quarter, an increase of 11.6% compared to the business volumes achieved in the 3rd quarter of 2022 (€ 94.3 million) which was himself in strong improvement. This activity posted a 10th consecutive quarter of double-digit organic growth.

In a tense economic context, the good resilience of activities over this last quarter confirms the Group's ability to adapt to its markets in France and abroad.

Detailed annex of exchange rate and scope impacts

in M€

Revenue

Change

Organic

Forex

Perimeter

impact

2023/2022

Change

impact(4)

2023

2022

(3)

M€

% CA

M€

% CA

Temporary work (2)

1 540.1

81.5%

1 433.0

82.6%

7.5%

1.6%

(0.3)%

6.2%

Multi-services(2)

368.5

19.5%

322.2

18.6%

14.4%

14.8%

(0.4)%

0.0%

Inter BU eliminations

(19.5)

(1.0)%

(21.4)

(1.2)%

(8.9)%

(8.9)%

0.0%

0.0%

TOTAL GROUPE

1 889.1

100.0%

1 733.9

100.0%

9.0%

4.2%

(0.3)%

5.1%

  1. Unaudited data
  2. Excluding inter-segment eliminations

(3)The exchange rate impact is computed by applying the previous year's exchange rates to current-year revenue denominated in foreign currencies.

  1. Changes in consolidation scope computed by restating revenue for:
    • the contribution of entities acquired during the current year and the contribution of entities acquired the previous year until the anniversary date of their acquisition.
    • entities sold during the current year, the contribution to revenue during the months of the previous year for which the entities are no longer consolidated in the current year and for entities sold the previous year, the contribution to revenue of the previous year until the date of their sale.

Next release :

Q4 2023 revenue: January 24th 2024 after market closing

Groupe CRIT is a French leading company in staffing and airport assistance, in France and Internationaly. The Group is listed on Euronext Paris (Compartment B FR0000036675) and is included in the CAC Allshares and Euronext Family Business.

CONTACTS

Groupe Crit

Phone : 01.49.18.55.03 communicationfinanciere@groupe-crit.comwww.groupe-crit.com

Actifin Investor Relations - Stéphane Ruiz : sruiz@actifin.fr Press Relations - Isabelle Dray : idray@actifin.fr Phone : 01.56.88.11.11 www.actifin.fr

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Groupe CRIT SA published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 16:03:40 UTC.