Groupe CRIT

Earnings Release • Apr 24, 2024

First-quarter 2024 revenue: 584.5 M€ Resilience of the Temporary work activity Continued double-digit growth in airport activities

Paris (France) April 24, 2024, 5:45 p.m. - Groupe CRIT (FR0000036675 – CEN), a major player in temporary work and airport services in France and internationally, announces its turnover for the 1st quarter of the 2024 financial year (January 1 - March 31).

Revenue (M€) (1)	2024	2023	Variation	Variation at constant scope and exchange rate
1 st quarter	584.5	583.0	0.3%	0.1%
TOTAL	584.5	583.0	0.3%	0.1%

The Group's consolidated turnover for the first quarter of 2024 amounts to € 584.5 million(1), up 0.3 % in consolidated data compared to the same 2023 period (€ 583.0 million). In organic TDA (2), the Group's growth was +1.4% compared to the first quarter of 2023.

In France, activity remains at satisfactory levels with a turnover of € 428.5 million achieved over the past quarter, an organic increase of 0.5 % (+1.8% in organic TDA). International activities are stable with a turnover of € 155.9 million (+0.3% organic TDA).

Temporary work: -1.0% in organic TDA Resilience of activity in France and internationally

In Temporary work (80.1% of total activity), turnover for the first quarter stood at € 468.3 million (3), down by 2.4% compared to 2023 (-1.0% in organic TDA) in a market context marked by a global weak economic growth.

France: stability of activity in organic TDA

In France (72.5% of division activity), turnover for the quarter reached € 339.5 million, stable on an organic TDA basis. Activity was supported by industry (notably aeronautics) and logistics while the automobile and construction industries remained behind.

International : -3.2% in organic TDA

Internationally (27.5% of the division's activity), turnover for the quarter stood at € 128.8 million, down 4.2% (-3.2% organic TDA).

In the United States, in a market still in contraction (-13% vs. 2023), turnover stood at € 56 million (-8.5% organic TDA) supported by its Staffing Professional division. In Spain, the effects of the implementation of the legislative reform initiated by the government at the start of 2022 having now been integrated into the bases of comparison, activity is up by 1.6%, to € 31.9 million.

Multi-services: +12.6% Another quarter of double-digit growth

The Multiservices Sector (21% of activity for the period) achieves quarterly turnover of € 122.9 million (3), an increase of 12.6% compared to 2023.

Airport activities (74.6% of the division's total turnover) generated turnover of € 91.7 million over the past quarter, up 11.9% compared to the business volumes achieved in the first quarter of 2023 (€ 81.6 million). This activity posted a 12th consecutive quarter of double-digit organic growth.

In a more tense economic context, the good resilience of activities in this first quarter reinforces the Group's confidence in achieving its objectives and attests to its ability to adapt on its markets in France and internationally.

In accordance with the press release published on April 22, the group recalls the lifting of the last suspensive condition prior to the execution of the agreements signed with certain shareholders of the company OPENJOBMETIS. As a reminder, the Italian company OPENJOBMETIS achieved a turnover of €750 million in 2023 and acquired the company JOB at the end of 2023, with a turnover of more than € 100 million. This acquisition will position the group 6th in the Italian market.

Detailed annex of exchange rate and scope impacts

in M€	Revenue				Variation 2024/2023	Organic change	Forex impact (4)	Perimeter impact (5)
	2024		2023
	M€	% Rev.	M€	% Rev.
Temporary work	468.3	80.1%	479.8	82.3%	(2.4)%	(2.5)%	0.1%	0.0%
Multi-services	122.9	21.0%	109.1	18.7%	12.6%	12.3%	0.4%	0.0%
Airport services	91.7	15.7%	81.6	14.0%	12.4%	11.9%	0.5%	0.0%
Other services	31.2	5.3%	27.5	4.7%	13.3%	13.3%	0.0%	0.0%
Inter BU Eliminations	(6.7)	(1.1)%	(5.9)	(1.0)%	14.5%	14.5%	0.0%	0.0%
GROUP TOTAL	584.5	100.0%	583.0	100.0%	0.3%	0.1%	0.2%	0.0%

(1) Unaudited figures

(2) TDA (trading days adjusted) organic growth in turnover which corresponds to organic growth at constant number of trading days

(3) Excluding inter-segment eliminations

(4) The exchange rate impact is computed by applying the previous year's exchange rates to current-year revenue denominated in foreign currencies.

(5) Changes in consolidation scope computed by restating revenue for:

• 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.
• entities sold during the current year, the contribution to revenue 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 revenue of the previous year until the date of their sale.

Next release :

Q2 2024 revenue – July 24th after closing of the stock exchange

Groupe CRIT is a French leading company in staffing and airport assistance, in France and Internationally. The Group is listed on Euronext Paris (Compartment B FR0000036675) and is included in the CAC Allshares and Euronext Family Business.

CONTACTS

Groupe Crit Phone : 01.49.18.55.03 communicationfinanciere@groupe-crit.com www.groupe-crit.com

Seitosei.Actifin Phone: 01.56.88.11.11 Investor relations - Stéphane Ruiz : sruiz@seitosei-actifin.fr Press relations - Isabelle Dray : idray@seitosei-actifin.fr www.seitosei-actifin.com