Daily News
View All NewsGroupe Crit, a France-based staffing provider with international operations, reports Q3 revenue up 7% like-for-like
Workforce ecosystem firm Groupe Crit reported third-quarter revenue rose 7.3% on a like-for-like and constant currency basis to €627.6 million (US$740.6 million); revenue was up 11.1% on a reported basis. The Paris-based company has staffing operations in Europe and elsewhere, and it owns South Bend, Ind.-based Peoplelink Group. In addition, Groupe Crit has operations outside of the staffing industry, including providing services to airports.
The company reported all activities, both in France and internationally, contributed to the growth.
(€millions) | Q3 2017 | Q3 2016 | % change | % change like-for-like and constant currency | Q3 2017 (US$millions) |
Total revenue | € 627.6 | € 565.0 | 11.1% | 7.3% | $740.6 |
France | € 478.0 | € 443.5 | 7.8% | - | $564.1 |
International | € 149.6 | € 121.5 | 23.1% | 5.6% | $176.5 |
The group’s staffing and recruitment division reported third-quarter revenue rose 8.8% year over year to €521.2 million (US$615.1 million). Staffing and recruitment revenue in France rose 7.3% in the third quarter to €395 million (US$466.1 million). International staffing and recruitment revenue, which includes the US and elsewhere, rose by 13.5% in the third quarter — up 5.5% on a like-for-like and constant currency — to €126.1 million (US$148.8 million).
In the US, revenue rose 19.5% in the first nine months of the year, driven by the latest acquisitions of TeamSoft in November 2016 and EHD Technologies in February 2017; on a like-for-like basis, organic growth was 2.6% over the period.
This article was corrected from an earlier version.