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France – DLSI first-quarter revenue increase driven by international growth

03 May 2019

French staffing firm DLSI SA (ALDLS: PAR), reported revenue yesterday for the first quarter ended 31 March 2019 of €51.5 million, up 3.8% compared to €49.7 million during the same period last year.

Growth was driven by the international segment while revenue in France saw a slight decline of 1%.

Revenue was broken down as follows

(€ millions) Q1 2019 Q1 2018 Change
France 36.1 36.5 -1.0%
International 15.4 13.2 17.1%
Total 51.5 49.7 3.8%

DLSI added that its nuclear activities nuclear activities continue to perform well with year-on-year growth of 35.6% in the first quarter. The group’s tertiary network Tercio also saw an improvement of 9.3% in the first quarter.

The company added that it is currently reviewing several acquisition projects in France and overseas.

Looking ahead, DLSI expects consolidated revenue of €240 million for the full year ended 31 December 2019, a 4.3% increase from FY 2018. The company said its first quarter figures contributed to its confidence in its FY forecast.

In trading yesterday, DLSI shares traded at €17.30, down 1.9% on the day. Based on its current share price the company has a market value of €43.96 million.