on CIS (EPA:CTRG)
CIS Reports Strong Q3 2024 Revenue Growth
In its third quarter of 2024, CIS achieved a revenue of €110.3 million on a constant currency basis, marking a 33.9% increase over Q3 2023. This continued momentum resulted in a total revenue increase of 36.2% for the first nine months, totaling €322.8 million at constant currencies. On a reported basis, the revenue reached €307.5 million, reflecting a 29.8% growth, despite a negative currency effect of €15.3 million.
CIS’s growth was bolstered by contributions from all its operational regions. In 2024, North Africa accounted for 27.0%, Sub-Saharan Africa for 27.2%, Eurasia for 37.4%, and the Americas for 8.4% of the revenue. This distribution underscores the group's global reach and effective regional operations.
Looking forward, CIS remains focused on strategic acquisitions to expand its capabilities both in France and internationally, leveraging its extensive experience and innovative service range to support operational optimization.
R. H.
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