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France – Groupe Crit expects stable second half

26 September 2012

Groupe Crit, one of the largest staffing firms in France, has  previously reported worse trading conditions in the first half of the year. Now the firm’s CEO, Nathalie Jaoui, has said that 2012 had been “difficult” but not “dramatic.”

In an interview with easybourse, she said the company had become more selective in choosing contracts and is expecting a better outlook for the second half of the year. 

“We're pretty relaxed about the second half, where we do not expect a further slowdown but a stabilization of activity. [But the] economic outlook for the coming months is not great yet,” Ms Jaoui warned.

She said businesses in the country are downsizing because of economic uncertainty, although a “certain level of production” has to be ensured.

“This may seem paradoxical with 3 million unemployed, but there are still vacancies for which we cannot find anyone!” she said.

The firm has expanded its branch network between 2010 and 2011 but a corporate restructure cannot be excluded. The CEO said that “if the environment were to deteriorate further, we would have to adapt.”

Ms Jaoui also said that she is “unsatisfied” with the share price which has plummeted since April this year. The firm is planning further international growth to boost its brand, having recently acquired US-staffing firm Elite Personnel


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