from CIS (EPA:CTRG)
CIS - revenu first half 2024
Marseille, 7 August 2024
H1 2024 revenue
Strong business growth on a constant currency basis: up 37.5%
Contribution to growth from all regions
Revenue (1) (€m) | Data on a 2024 | reported 2023 | basis Change |
| Data at 2023 | CC (2) Change |
Q1 | 91.4 | 75.1 | +21.8% | 99.8 | +33.0% | |
Q2 | 108.1 | 79.5 | +35.9% | 112.7 | +41.7% | |
H1 TOTAL | 199.5 | 154.6 | +29.0% |
| 212.5 | +37.5% |
(1) Revenue not audited by the Statutory Auditors (2) CC: constant currencies.
CIS posted revenue of €212.5 million for the first half of 2024 on a constant currency basis, up 37.5% compared with the first half of 2023.
On a reported basis, revenue totalled €199.5 million, up 29% from the same period last year, including a negative currency impact of €13 million, mainly due to the depreciation of certain currencies in Eurasia and Africa.
These currency effects have been decreasing steadily thus far over the course of the year and are expected to have a much less adverse impact on the current financial year than in the previous one.
Business has been buoyant since the start of the year and picked up in the second quarter (up 41.7% at constant currency and up 35.9% on a reported basis compared with the second quarter of 2023).
Contribution from all geographies
All regions reported strong growth, with America up by 46%, Africa by 44% and Eurasia by 28% at constant currencies.
The geographical breakdown of revenue was as follows: 8% for the Americas (stable), 54% for Africa (up 4 points) and 38% for Eurasia (down 4 points).
Revenue by region
Sub-Saharan Africa
North Africa
27%
Eurasia
42% Americas
8%
Outlook
CIS enjoys good visibility for 2024. Business activity remains buoyant, and recent business wins will be fully reflected in revenue for the second half of the year.
The Group remains confident that it can continue on this growth trajectory, by supporting major international operators in the energy, mining and construction sectors, in the current context of global energy transition, which requires more diversified sourcing solutions.
PEA-PME eligibility
The French law of 13 June 2024, which aims to increase funding for businesses and enhance the attractiveness of France, relaxed the rules to make more company shares eligible for the equity savings plan to finance small and medium-sized enterprises (PEA-PME). Under the new rules, the only eligibility criterion is a market capitalisation of less than €2 billion.
As a result, CIS is now eligible for securities accounts and PEA-PME schemes.
About CIS
For more than 30 years, CIS has been managing remote sites in the four corners of the globe, in the most isolated onshore and offshore environments. The Group supports major players in energy, mining, construction and peacekeeping forces through every step of their projects.
As a service integrator, CIS provides turnkey solutions to bring all of its residents well-being, comfort and a friendly atmosphere, so that its customers can focus on their core businesses.
The Group is committed to the sustainable development of the countries where it operates, by hiring, training its staff, forming partnerships with suppliers close to its sites, and engaging in local community initiatives.
CIS’s approach is proactive, based on innovation and continuous improvement to reduce its impact on the environment. Every day, the Group works to improve its practices and guarantee its transparency.
For more information, go to: www.cis-integratedservices.com
Euronext Growth Paris: ISIN FR0000064446 / Reuters: ALCIS.PA – Bloomberg: ALCIS:FP
Next press release: 23 September 2024, after the close of trading: H1 2024 results
Contacts
CIS: Communications Department / +33 (0)4 91 16 53 00 / communication@cis-integratedservices.com
SEITOSEI-ACTIFIN: Financial Communication / +33(0)1 56 88 11 13 / jean-yves.barbara@seitosei-actifin.com
SEITOSEI-ACTIFIN: Media Relations / +33(0)1 56 88 11 29 / isabelle.dray@seitosei-actifin.com
