French staffing firm Groupe Crit (CEN: FP) reported revenue for the first quarter ending 31 March 2018 of €564.6 million, up 6.5% on an organic basis, compared with the same period last year.

In France, the group recorded revenue of €432.1 million, up organically by 8.7% over last year. However, the Groupe Crit reported that international revenue was impacted by unfavorable exchange rates. First quarter international activities remained stable (up 0.4%).

Within Staffing & Recruitment, French operations recorded organic growth of 8.2% to €359.2 million due to good market conditions. International revenue within Staffing & Recruitment amounted to €111.1 million, down 8.2% with the group stating that figures were impacted by unfavorable exchange rates.

Multi-services division Q1 revenue amounted to € 98.6 million. In Airport services (76.9% of activity of the division), Q1 revenue increased by 12% to € 75.8 million, driven by the strong organic growth of the French activities (up 15% to € 54.3 million). International airport activity posted also organic growth revenue up 5% to € 21.5 million in Q1 2018.

Groupe Crit stated that it remains confident in its capacity to achieve solid growth in all its activities in 2018.

In trading today, Groupe Crit traded at €88.90, down 1.22% on the day and 6.42% below its 52-week high of €95.00, set on 10 April 2018. Based on its current share price the company has a market value of €1.01 billion.