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France – DLSI reports first quarter revenue up 12%

16 May 2018

French staffing firm DLSI SA (ALDLS: PAR), reported revenue for the first quarter ending 31 March 2018 of €49.7 million, up 11.9% compared to €44.4 million during the same period last year.

DLSI also reported that revenue for temporary employment in France rose 8.8%. Revenue from international activities stood at €13.2 million.

The group added that its first-quarter revenue growth reflects the market conditions and the development of the group’s nuclear activities, which increased by 57% when compared to the previous year.

Looking ahead, DLSI stated that it is looking at several possible acquisitions, both in France and abroad. The group forecasted consolidated revenue of €230 million for the year ended 31 December 2018.

In trading yesterday, DLSI shares closed at €26.70, up 0.38% on the day and 2.77% below its 52-week high of €27.46, set on 26 June 2017. Based on its current share price the company has a market value of €67.60 million.