CIS Reports Strong Performance in H1 2024

CIS has announced its results for the first half of 2024, demonstrating significant growth and improved profitability. The company recorded revenue of €212.5 million at constant currencies, a 37.5% increase from H1 2023. On a reported basis, revenue was €199.5 million, up 29%, despite a negative currency impact of €13 million.

All regions reported positive performance. In the Americas, revenue grew by 46%, Africa by 44%, and Eurasia by 28%. Operating profitability improved notably, with EBITDA rising to €14.2 million at constant currencies, an 88% increase, and 66.5% on a reported basis to €12.6 million.

Consolidated net profit reached €2.6 million, or €3.5 million at constant currencies. Net profit attributable to shareholders stood at €1.6 million, impacted by a rise in minority interests. Additionally, CIS maintains a robust financial position, with €65.4 million in shareholders’ equity and €50.3 million in cash.

Looking ahead, CIS remains optimistic about its growth prospects and is open to acquisition opportunities to reinforce its market position.