Daily News

View All News

Groupe Crit Q4 revenue up 5.6% with acquisition

January 24, 2024

Groupe Crit SA, a Paris-based staffing firm with global operations, reported fourth-quarter temporary staffing revenue rose 5.6% year over year to €519.9 million (US$573.8 million) with the help of its acquisition of OK Job in Switzerland. On an organic, constant currency basis, temp revenue fell 1.4%.

Temp staffing at Groupe Crit’s operations outside France rose 28.2% on a reported basis to €151.1 million (US$166.8 million) thanks to a boost from OK Job.

US temp staffing revenue fell 0.6% to €63.1 million (US$69.6 million) in the fourth quarter. Groupe Crit’s US operations include Peoplelink Group.

In France, temp staffing revenue fell 1.5% to €368.8 million (US$407.0 million) in the fourth quarter.

Total revenue at Groupe Crit for the quarter was €646.8 million (US$713.8 million), an increase of 1.6% on an organic basis.

The company also operates a “multi-services” division that provides services at airports. Revenue in this division rose 15.0% year over year in the fourth quarter to €135.4 million (US$149.4 million).

Share price and market cap

Shares in Groupe Crit closed at €72.60 (US$80.10), 12.95% below their 52-week high.