BRIEF

on CIS (EPA:CTRG)

CIS half-year turnover up sharply

CIS, leader in camp management, announced a significant increase in 2024 half-year revenue. At constant exchange rate (CER), turnover reached 212.5 million euros, an increase of 37.5% compared to the same period in 2023. In published data, this figure amounts to 199.5 million euros, recording a growth of 29.0% despite an unfavorable foreign exchange effect of 13.0 million euros mainly linked to the depreciation of currencies in Eurasia and Africa.

All geographic areas contributed to this progression. America grew 46% at CER, Africa 44% and Eurasia 28%. Africa now represents 54% of the group's turnover, followed by Eurasia with 38% and America with 8%.

CIS remains confident for the rest of the year, thanks to sustained commercial momentum and recent successes. In addition, the company is now eligible for the stock savings plan intended for financing small and medium-sized enterprises (PEA-PME), thanks to a market capitalization of less than 2 billion euros.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all CIS news