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View All NewsFrance – Groupe Crit international growth boosted by acquisitions
French staffing firm Groupe Crit (CEN: FP) reported revenue for the second quarter ending 30 June 2017 of €635.7 million, an increase of 9.9% on an organic basis, compared with the same period last year.
France and international contributed to second quarter revenue growth. International revenue grew by 5.6% on an organic basis to €155.1 million.
| (€ millions) | Q2 2017 | Q2 2016 | Change | Organic Change at Constant Currency |
| France | 480.6 | 432.6 | 11.0% | N/A |
| International | 155.1 | 122.0 | 27.2% | 5.6% |
| Total | 635.7 | 554.6 | 14.6% | 9.9% |
In Q2 2017, the French staffing division revenue grew by 10.6% to €401.8 with activity remaining strong over the period.
Meanwhile, Q2 revenue for the Group’s international operations reached €132.8 million. US growth was driven by the latest acquisitions (TeamSoft and EHD Technologies, acquired in November 2016 and February 2017, respectively)while Spanish operations continue their growth momentum.
The Multi-Services division reported Q2 revenue of €106.2 million.
In view of the successful first half-year, the group remains confident in its capacity to achieve solid growth in all its activities, both in France and internationally.
Shares for Groupe Crit closed at €56.00 on Wednesday, down 0.26% on the day. Based on its current share price the company has a market value of €945.0 million.