French staffing firm DLSI SA (ALDLS: PAR) reported consolidated revenue of €49.5 million, up 7.2% on the first quarter of the previous year, but down 3.4% at constant exchange rates and before integration of external growth.

ML Intérim and Prestim, fully integrated into the group's scope of consolidation from 1 January 2024, contributed €4.2 million to revenue in France. The selective reinforcement of the group's territorial network represented by these two acquisitions is in line with the group's anchoring in the Grand Est region of France.

Q1 Revenue

International revenue was mainly generated in Switzerland. The other countries in which the group operates are Germany and Luxembourg.

Meanwhile, the group reported continued growth in nuclear activities, with sales to end-March 2024 of €3.82 million, up 1.3% over the prior year.

“We remain fully confident in our ability to seize and benefit from the upturn in our markets and confirm, in view of the trend observed in the first quarter, a return to slight growth on a like-for-like basis over the full 2023-2024 financial year,” the company stated.

DLSI said it remains aware of the current uncertainties, but is optimistic about the market outlook, ambitious for the future and confident in its ability to achieve another year of revenue and earnings growth in 2024.

DLSI reported its Q1 results on Friday after markets closed. DLSI shares last traded at €14.80, down 1.33% on the day and 3.27% below its 52-week high of €15.30, set on 22 April 2024. The company has a market cap of €38.12 million.