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France – DLSI H1 revenue rises 11.1% on strength of nuclear energy sector and market conditions

30 July 2018

French staffing firm DLSI SA (ALDLS: PAR), reported revenue Friday for the first half of the year ended 30 June 2018 of €109.6 million, up 11.1% compared to €98.6 million during the same period last year.

DLSI attributed the improvement in revenue to market conditions as well as progress in its nuclear energy sector, which grew by 66% in the second quarter when compared to the first quarter

During the H1 period revenue generated outside France was of €28.8 million which was 26.3% of total revenue and an increase of 14.5% compared with the first half of the 2017 financial year.

The DLSI group also reported that, in June, it generated its highest monthly revenue with €22 million.

DLSI commented, “Thanks to this dynamic second quarter and continued strong activity at the start of the third quarter, the initial forecast of €230 million in consolidated revenue for 2018 (€215.3M in consolidated revenue as at 31 December 2017) should be reached, and possibly exceeded, if corporate recruiting needs remain at the current levels.”

“The group is continuing to look into new acquisitions in order to pursue its growth both in France and abroad,” DLSI continued.

In trading on Friday DLSI shares closed at €21.90, up 0.46% on the day. Based on its current share price the company has a market value of €55.40 million.