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France — Groupe CRIT revenues up by +8.9% in Q1 2010

29 April 2010

Groupe CRIT (CRIT:PAR), the temporary staffing, airport assistance and industrial maintenance group, has announced interim results for the first quarter of 2010. Revenues were up by +8.9% to 273.8 million Euro in Q1 2010 compared to the same quarter of the previous year.

Revenues from temporary employment were up by +6.8% to 221.1 million Euro. Temporary employment revenues in March were up by +16% compared to the same month last year.


Revenues from multi-services (including airport assistance) were up by +18.5% to 52.7 million Euro when compared to Q1 2009. Airport assistance has seen revenues growth of +28.8% to 40.4 million Euro due to the group's increased involvement in the Paris airports Roissy and Orly.

In France, revenues were up by +7.3% to 202.7 million Euro compared to Q1 2009.

Revenues generated outside France were up by +2.4 % to 18.3 million Euro. In Spain, which accounts for 64% of CRIT's international revenues, revenues were up by +8.2%.

The group says in a statement "with this successful first quarter and a month of April, which confirms that the market is picking up, we are confident that the financial year 2010 will show growth and improved profits."
 
In early trading CRIT's shares were up by +0.38% to 23.60 Euro.

 

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