Paris-based staffing firm Groupe Crit reported revenue for the H1 period yesterday rose 10.5% year over year. In constant currency, the group's organic growth was 5.6% over the half-year which includes a 4.9% impact linked to the integration of OK Job, a Swiss company consolidated from 1 January 2023.

In July, the company had already reported that second-quarter revenue rose 4.9% year over year on an organic, constant currency basis to €652.9 million (US$711.0 million).. The results published yesterday provide insight into the group’s H1 profits.

H1 EBITDA declined 5.6% leading to a 5.8% drop in profit before tax.

In France, the company reported turnover €908.1 million in H1 2023, up 6.7%. International activities show an increase of 22.5% including the integration of OK Job. In constant currency, International revenue grew by 2.0%.

All business lines contributed to the group’s performance of the half-year, despite a contrasting economic context.

Looking ahead, the company said that, with strategic business locations and an ‘extremely solid’ financial situation, it remains confident in its development prospects.

In temporary work, Groupe Crit said it will continue to demonstrate its ability to adapt in a market environment with reduced visibility, by remaining focused on the most dynamic sectors. In airport activities, all indicators ‘remain green’ after a summer of 2023, which confirmed the good performance of air traffic and solid visibility on flight programmes for the coming months.

Groupe Crit shares closed yesterday at €71.40, up 0.28% on the day. The company has a market cap of €794.85 million.