GROUPE CRIT Press release | October 19th, 2022 |
Third quarter revenue : € 615 million (+15.2%)
Continued growth in Temporary work
Continuation of catch-up in Airport services
Groupe CRIT (FR0000036675 - CEN), a major player in temporary work and airport services in France and abroad, announces its revenue for the third quarter of the 2022 financial year (July 1 - September 30).
Revenue (M€) (1) | 2022 | 2021 | Variation | Constant scope and | |||
exchange rates | |||||||
1st quarter | 523.6 | 437.4 | 19.7% | 18.5% | |||
2nd quarter | 595.0 | 506.7 | 17.4% | 15.8% | |||
3rd quarter | 615.2 | 534.0 | 15.2% | 13.2% | |||
Total | 1 733.9 | 1 478.2 | 17.3% | 15.7% | |||
The Group's consolidated revenue for the third quarter of 2022 amounted to € 615.2 million (1) up 15.2% compared to the same period of 2021. At constant scope and exchange rates, growth amounted to +13.2%. In France, the continuous improvement in activity is confirmed with quarterly revenue of € 470.9 million, up 14.9%. International activities (23.5% of total activity) confirmed this solid performance with revenue up 16.2% over the quarter.
Cumulatively over the first nine months of activity, revenue increased by 17.3% to € 1 733.9 million, driven by all Group activities and all geographical areas.
Temporary work : +9.7%
In Temporary work (81.9% of total activity), revenue for the third quarter amounted to € 503.7 million (2) up 9.7% (+7.4% at constant scope and exchange rates). This new quarterly increase reflects the quality of the Group's fundamentals in a market still marked by a shortage of talent and impacted by the effects of geopolitical tensions on the economic context.
France : +10.1%
In France (76.0% of the division's activity), revenue for the quarter reached € 383.1 million, with organic growth of 10.1% still driven by the logistics and agri-food sectors. The catch-up of activities impacted by the pandemic (hotels, restaurants, events, airports, etc.) is also confirmed as the good orientation of the industrial sector over the quarter.
International : +8.3%
Internationally (24.0% of the division's activity), revenue for the quarter amounted to € 120.6 million, up 8.3% (- 1.0% at constant scope and exchange rates). In the United States, characterized by a dynamic recruitment market, activity posted an increase of 17.9% (+1.1% at constant scope and exchange rates). In Spain, the first effects of the implementation of the legislative reform initiated by the government in early 2022 felt during the summer with activity for the Group down 11.5% over the quarter. However, this remains 3.9% higher than the level reached over the same period in 2019, i.e. before the pandemic.
Multiservices : +47.6%
The Multiservices Division (19.4% of activity for the period) posted quarterly revenue of € 119.1 million (2) up 47.6% (+47.4% at constant scope and exchange rates) compared to the third quarter of 2021. This sustained growth is punctuated essentially by the gradual return of Airport services to a normal level of activity.
Airport services (79.1% of the division's total revenue) thus confirm their improvement trajectory, driven by the recovery of traffic to levels close to pre-covid levels. Thus, the revenue for the quarter amounts to € 94.3 million against € 60.6 million in 2021, up 55.1% at constant scope and exchange rates.
In this context, the Group remains confident about its business prospects while being vigilant about the evolution of the geopolitical and macroeconomic contexts.
Detailed annex of exchange rate and scope impacts
In M€ | Revenue | Change | Organic | Forex | Perimeter | |||
2022 | 2021 | 2022/2021 | change | impact (3) | impact (4) | |||
M€ | % Group | M€ | % Group | |||||
Temporary work | 1 433.0 | 82.6% | 1 301.7 | 88.1% | 10.1% | 8,3% | 1,8% | 0,0% |
Multi-services | 322.2 | 18.6% | 189.2 | 12.8% | 70.3% | 69.7% | 0,6% | 0,0% |
Inter BU Eliminations | (21.4) | (1.2)% | (12,8) | (0.9)% | 67.4% | 67.4% | 0,0% | 0,0% |
TOTAL GROUP | 1 733.9 | 100,0% | 1 478.2 | 100,0% | 17.3% | 15.7% | 1.6% | 0,0% |
- Unaudited data
- 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.
- 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 2022 revenue : January 25th 2022 after closing of the stock exchange
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
Crit Group
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
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Groupe CRIT SA published this content on 19 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 15:55:04 UTC.
