Groupe Crit (CEN: FP), the French staffing firm, reported revenue for the third quarter ending 30 September 2016 of €565.0 million, an increase of 8.6% on a like-for-like and constant currency basis from €520.4 million for the same period in 2015.

Revenue for the first nine months of the year amounted closed to € 1.6 billion, rising by 10.5% (10.4% at CC) compared to the previous nine month period

The staffing & recruitment division (which represents 85.2% of revenue) showed a third quarter revenue amounting to €479.1 million, up 8.9% from the previous year, and on a cumulative basis, this represents 11.2% growth for 2016, year to date.

Groupe Crit states that international operations revenue declined due to US market conditions.

For its multi-services division, third quarter growth was up 7.1%, driven by activity in France posting growth up 12.3% in Q3 and a cumulative growth of +14% year to date.

Looking forward, the group remains confident for the end of the year and confirms its objective to exceed €2 billion in revenue in 2016.

As of last trade yesterday, Groupe Crit traded at €56.67, up 0.81% on the day and 8.48% below its 52-week high of €61.48, set on 1 July 2016. Based on its current share price the company has a market value of €637.5 million.