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Groupe CRIT Earnings Release 2021
1379_10-q_2021-04-21_712c09d9-b4f6-4df8-9048-bd8a846a0ae2.pdf
Earnings Release
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Q1 2021 sales Trend inflection confirmed in temporary work
| Press Release | April 21st, 2021 | |||
|---|---|---|---|---|
| Q1 2021 sales | Trend inflection confirmed in temporary work | |||
| In M€ (1) | 2021 | 2020 | Change | Constant Perimeter & Forex |
| er Quarter 1 |
437,4 | 505,8 | -13,5% | -12,50% |
In this context, revenues for the first quarter of 2021 amounted to 437.4 million euros (1) down 12.5% on a likefor-like basis after a fourth quarter decline of 19.8% on a like-for-like basis. In France, the gradual improvement in activity was confirmed with quarterly sales of 329.8 million euros, down 12.3%. International activities recorded a 13.1% decline on a like-for-like basis.
In temporary work (which accounts for 89% of total activity), first quarter revenues were 388.5 million euros (2) down 4.7% compared to the first quarter of 2020 on a like-for-like basis.
- In France, revenues for the quarter reached 291.6 million euros, with a limited decline of 3.7% (compared to 14.2% in the fourth quarter of 2020) despite the impact of sectors that remain penalized by sanitary measures (airport, hotel, etc.) but which should enhance the recovery as soon as the lifting of health restrictions.
- Internationally (24.9% of the division's activity), first quarter revenues were 96.9 million euros, down 7.5% on a like-for-like basis. U.S. operations, which were significantly impacted by the February weather and supply chain disruptions, particularly in the automotive industry, were down 16.9% on a like-for-like basis. The Iberian activities confirmed their excellent performance and posted growth of 12.1% in the quarter.
The Multiservices division reported quarterly revenue of 52 million euros (2), down 46.9% compared to the first quarter of 2020.
As expected, airport operations remain significantly affected by the closure of air traffic in the first quarter. In this context, the division's turnover amounted to 33.9 million euros and showed a decrease of 55.9% in the first quarter.
The Group has finalized its adaptation plans in 2020 and reaffirms its confidence in its ability to fullly benefit from the recovery, with its strong fundamentals and financial position.
Detailed analysis of foreign exchange and perimeter impacts
| Detailed analysis of foreign exchange and perimeter impacts | ||||||
|---|---|---|---|---|---|---|
| in M€ | Revenues | Change | Organic | Currency Impact (3) | Perimeter | |
| 2021/2020 | change | Impact (4) | ||||
| Staffing & recruitment | 2021 388,50 |
2020 412,80 |
-5,90% | -4,70% | -1,20% | 0% |
| Multi-services | 52,00 | 97,90 | -46,90% | -46,60% | -0,20% | 0% |
| Inter-segment | -3,10 | -4,90 | -36,80% | -36,80% | 0% |
(1) Unaudited data
- the contribution of entities acquired during the current year and the contribution of entities acquired the previous year until the anniversary date of their acquisition,
- for entities sold during the current year, the contribution to revenues during the months of the previous year for which the entities are no longer consolidated in the current year and, for entities sold the previous year, the contribution to revenues of the previous year until the date of their sale.
Groupe CRIT is a French leading company in staffing and airport assistance, in the global top 20. The Group is listed on Euronext Paris (Compartment B FR0000036675) and is included in the CAC All-tradable, CAC Allshares, CAC Mid&Small, Euronext Family Business.
Next release Q2 2021 revenue July 21st after market closing
CONTACTS
Groupe Crit Tél : 01.49.18.55.03 [email protected] www.groupe-crit.com
Actifin Stéphane Ruiz [email protected] Press Relations [email protected] Tél : 01.56.88.11.11 www.actifin.fr