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France – Crit's revenues up +16.3%

10 February 2011

Revenues were up by +16.3% from 298 million Euro in Q4 2009 to 346.7 million Euro in Q4 2010 at Groupe CRIT (CEN:PAR), the France-based temporary employment and airport assistance specialist.

Interim results for the fourth quarter of 2010, published last night, reveal that revenues generated from temporary employment were up by +18.7% from 246.75 million Euro in Q4 2009 to 292.6 million Euro in Q4 2010.

Revenues generated from temporary employment in France were up by +19.8% from 225.9 million Euro in Q4 2009 to 270.6 million Euro in Q4 2010.

Revenues generated from temporary employment outside France (Germany, Spain, France, Ireland and Africa) were up by +6.5% from 20.7 million Euro in Q4 2009 to 22 million Euro in Q4 2010 of which 12.3 million Euro were generated in Spain at an annual growth rate of +4.2% in Q4 2010.

Revenues generated from airport services were up by +11.1% from 39 million Euro in Q4 2009 to 43.3 million Euro in Q4 2010.

The group says in a statement "the recovery of our business across all our activities has had a positive effect on our results. This new dynamism which was confirmed over the last three months of 2010 allows us to approach 2011 with confidence."

In early trading Groupe Crit's shares were down by -0.23% to 21.70 Euro.