Groupe CRIT

CEN

Equity

ISIN FR0000036675 / Valor 672744

Euronext - Euronext Paris (2024-12-24)

EUR 61.20+0.33%

Groupe CRIT
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About company

Groupe CRIT is a globally active corporate group and a leading player in personnel leasing and recruitment. It is also a significant provider of airport services on an international scale. The company's service offerings extend to engineering and maintenance, particularly within the airline and automobile industries. This diverse range of business sectors allows for synergistic collaboration across its various subsidiaries. Groupe CRIT is publicly traded on the Paris stock exchange, reflecting its established presence in the market.

Summarized from source with an LLMView SourceSector: Business Services

2023 Revenue Growth

Groupe CRIT reported a significant increase in revenue for the 2023 financial year, with total revenue reaching €2.536 billion, marking an 8.5% increase from the previous year's €2.336 billion. This growth was supported by robust performances across all business sectors, particularly in temporary work and airport services, reflecting the company's strong market presence and strategic expansions.

Profitability and Earnings

For the year 2023, Groupe CRIT achieved a net profit of €75.2 million, up by 6% compared to €70.9 million in 2022. The company's EBITDA also rose slightly by 1.3% to €136.5 million, despite a slight decrease in EBITDA margin from 5.8% to 5.4%. These results demonstrate Groupe CRIT's ability to maintain profitability amidst varying market conditions.

Dividend Announcement

Groupe CRIT plans to reward its shareholders with a dividend of €1 per share for the 2023 fiscal year. This proposal will be presented at the General Meeting of Shareholders on June 7, 2024, with the dividend payment scheduled for July 5, 2024. This reflects the company's ongoing commitment to delivering shareholder value.

International Expansion

In a strategic move to bolster its international presence, Groupe CRIT announced the acquisition of a majority stake in OPENJOBMETIS, a leading player in the Italian temporary work market. This acquisition, pending regulatory approval, is expected to significantly enhance Groupe CRIT's market position in Europe and contribute to surpassing €3.3 billion in annual turnover on a proforma basis.

2024 Outlook

Despite a mixed start to 2024 in the temporary work sector, Groupe CRIT remains optimistic about its business prospects for the year. The airport sector has begun the year strongly, and with favorable air traffic forecasts, the company anticipates continued growth across its operations. This positive outlook underscores Groupe CRIT's resilience and strategic planning in navigating market dynamics.

Summarized from source with an LLMView Source

Key figures

-18.8%1Y

-1.29%3Y

-17.2%5Y

Performance

23.1%1Y

23.1%3Y

28.4%5Y

Volatility