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France – DLSI international revenue growth offsets decline in France

29 July 2019

French staffing firm DLSI SA (ALDLS: PAR), reported revenue on Friday for the second quarter ended 30 June 2019 of €59.7 million, down 0.4% compared to €59.9 million during the same period last year.

The group also reported H1 revenue of €111.3 million, an increase of 1.5% compared to the same period last year.

(€ millions) 2019 2018 Change
Q1 51.5 49.6 3.8%
Q2 59.7 59.9 -0.4%
H1 111.3 109.6 1.5%

Growth was driven by the international segment while revenue in France saw a decrease of 3.3% in the first half of 2019.

Revenue for the first half of 2019 was broken down as follows:

(€ millions) H1 2019 H1 2018 Change
France 78.1 80.8 -3.3%
International 33.2 28.8 15.1%
Total 111.3 109.6 1.5%

Nuclear activities were up 14.8% in the first half while revenue in the group’s subsidiary Tercio rose by 10.8%

Looking ahead, the group said it expects consolidated sales of €240 million for the year ended 31 December 2019.

In trading on Friday DLSI shares closed at €17.60, up 0.57% on the day. Based on its current share price the company has a market value of €43.20 million.