Groupe CRIT: Second Quarter 2024 Revenue Reaches €807.9 Million, Up 23.7%

Groupe CRIT, a key player in temporary work and airport services, reported a second quarter 2024 revenue of €807.9 million, marking a 23.7% increase compared to the same period in 2023. This growth is mainly attributed to the integration of the Italian company OPENJOBMETIS, contributing to a 23.0% scope impact. The Group's organic growth stood at 0.6%.

In France, the revenue was €486.5 million, showing an organic increase of 1.0%. Internationally, the business experienced an 87.5% boost, with the integration of OPENJOBMETIS playing a significant role. However, at constant scope and exchange rates, the international revenue slightly decreased by 0.8%.

The Temporary Work segment, representing 83.6% of the total activity, saw a 26.8% rise to €675.8 million. Despite a challenging economic environment, French revenue remained stable at €384.7 million, driven by the aeronautics, agri-food industries, and logistics sectors.

Internationally, the division's revenue nearly doubled due to OPENJOBMETIS’ integration. In Italy, OPENJOBMETIS' pro forma revenue grew by 12.2% compared to the previous year. Conversely, the U.S. market saw a 3.9% decline in organic terms.

The Multiservices Division, accounting for 17.5% of the Group's activity, recorded an 11.2% increase in revenue, reaching €141.7 million. Airport activities achieved €108.0 million, marking a 10.7% rise and the 13th consecutive quarter of double-digit growth.