par CIS (EPA:CTRG)
CIS - Q3 2024 revenue Business growth on a constant currency basis: +36.2%
PRESS RELEASE
Marseille, 16 October 2024
Q3 2024 revenue
Business growth on a constant currency basis: +36.2% Buoyant growth continues
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Q1 | 91.4 | 75.1 | +21.8% | 99.8 | +33.0% | |||||
Q2 | 108.1 | 79.5 | +35.9% | 112.7 | +41.7% | |||||
Q3 | 108.0 | 82.4 | +31.2% | 110.3 | +33.9% | |||||
Total at 30 September | 307.5 | 237.0 | +29.8%
| 322.8 | +36.2% | |||||
(1) Revenue not audited by the Statutory Auditors.
(2) CC: constant currencies.
CIS posted revenue on a constant currency basis of €110.3 million for the third quarter of 2024, showing growth of 33.9% from Q3 2023 (31.2% on a reported basis).
Currency effects have had a steadily diminishing impact since the beginning of the year (with decreases of €8.4 million in Q1, €4.6 million in Q2, and €2.3 million in Q3).
As a result, over the first nine months, business grew 36.2% to €322.8 million at constant currencies. On a reported basis, revenue surged 29.8% to €307.5 million, including a negative currency effect of €15.3 million, compared with a negative effect of €18.8 million for the same period last year.
Contribution to growth from all regions
All of the Group’s operating regions contributed to this positive performance.
Revenue by region
Sub-Saharan Africa
North AfricaNorth Africa
22,1%27,0%
Americas Americas
7,9% 8,4%
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PRESS RELEASE
Outlook
The Group’s strong growth stems from its vast experience spanning more than 30 years, which has enabled it to gain in-depth knowledge of the remote, and sometimes extreme, environments where its clients operate. Based on this detailed understanding, the Group has developed an integrated, innovative and responsible range of services, to support its customers' operational optimization.
In keeping with this strategy, CIS remains on the lookout to seize any acquisition opportunities that would strengthen its positioning either in complementary businesses in France or internationally in its core business.
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: 15/01/2025, after the close of trading: 2024 annual revenue
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
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