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France — CRIT Q4 2009 revenues far better than previous nine months

12 February 2010
 

Groupe CRIT (CRIT:PAR), the temporary staffing group, today announces Q4 2009 interim results. Revenues were down by -7.3% to 298.1 million Euro in Q4 2009 compared to 321.6 million Euro in Q4 2008, which is a considerable improvement over the previous three quarters where negative growth was in the
-29% region.

In France, revenues were down by -10.6% from 250.7 million Euro in Q4 2008 to 224.2 million Euro in Q4 2009. Year-on-year revenues in France were down from 1.15 billion Euro in 2008 to 858.5 million Euro in 2009. According to industry association PRISME this fall in revenues is in line with the temporary employment sector in France as a whole.

Revenues generated outside France fell by -5.9% to 20.6 million Euro. In Spain, which accounts for 57% of CRIT's international revenues, negative growth was -8.7%, a relatively good figure considering the current state of the Spanish economy.

CRIT's revenues generated by supplying temporary employees to major Paris airports were up by +23.5% to 39.4 million Euro.
 
In early trading CRIT's shares were up by +0.30% to 19.75 Euro.

 

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