GROUPE CRIT (EPA:CEN) Q2 2021 sales Confirmed acceleration in temporary work

Transparency directive : regulatory news

21/07/2021 17:45

Press Release

July 21st, 2021

                                  Q2 2021 sales
                    Confirmed acceleration in temporary work

In MEUR (1)      2021     2020     Change     Constant perimeter
                                                   & forex

1st Quarter     437.4     505.8    -13.50%         -12.50%
2nd Quarter     506.7     308.3     64.30%          65.90%

Total           944.1     814.1     16.00%          17.20%

As expected due to the base effect generated by the first COVID lockdown in
2020, temporary work activity improved very significantly in the second quarter
with a growth of 63.4% (at constant perimeter and exchange rates). In the
multi-service division, the increase was 89.4% (at constant perimeter and
exchange rates).

In this context, revenue for the second quarter of 2021 stood at EUR506.7
million (1) up 65.9% at constant perimeter and exchange rates after a first
quarter down by 12.5% (at constant perimeter and exchange rates). In France,
the continuous improvement in the activity is confirmed with a quarterly
turnover of EUR391.8 million, growing by 76.2%. International activities grew
by 39.2% at constant perimeter and exchange rates.

Temporary work: + 63.4% over the second quarter

In temporary work (which concentrates 89.6% of total activity), revenue for the
second quarter was EUR454 million (2), up 63.4% compared to the same period of
2020 at constant perimeter and exchange rates.

France: + 76.1 %
In France, revenue for the quarter reached EUR350.4 million, growing by 76.1%
driven in particular by demand in logistics and trade. This strong increase is
an excellent performance in a context where many sectors have remained
penalized by anti Covid measures (air sector, hotel and restaurant industry,
etc.). Their expected recovery should nevertheless support growth in the coming
quarters.

International: + 32.5%
Internationally (22.8% of the division's activity), second quarter revenue
reached EUR103.6 million, growing by 32.5% at constant perimeter and exchange
rates. American activities have restarted but were significantly penalized by
supply chain disruptions (particularly in the automotive industry) and
recruitment difficulties while Iberian activities confirm their excellent
recovery.

Multi-service: + 89.4%
The Multiservice Division achieved quarterly revenue of EUR56.4 million (2),
growing by 89.4% compared to the second quarter of 2020.

As expected, over the quarter airport activities showed improvement but remain
significantly affected by the restrictions and the decrease in air traffic, the
division's turnover amounted to EUR37.3 million in the second quarter compared
to EUR17.5 million in 2020.

In this context, the group is proud of its success in the process of renewing
its airport assistance licenses at the Roissy-CdG and Orly terminals. In fact,
they have all been renewed for four and seven years respectively, offering a
solid visibility on future business prospects.

With an economic dynamic confirmed month after month, the group reaffirms its
confidence in its ability to benefit fully from the recovery, based on its
strong in its fundamentals and solid financial situation.

Detailed analysis of foreign exchange and perimeter impacts

in MEUR                      Revenue        Change    Organic   Currency
                         2020      2021    2021/2020   change   Impact (3)

Staffing & recruitment   693.6     842.5      21.5%     22.9%     (1.4%)
Multi-services           127.6     108.4     (15.1%)   (14.9%)    (0.1%)
Inter-segment             (7.1)     (6.8)     (4.1%)    (4.1%)     0.0%
TOTAL GROUP              814.1     944.1      16.0%     17.2%     (1.2%)

Perimeter
Impact (4)

0.0%
0.0%
0.0%
0.0%

(1) Unaudited data
(2) Excluding inter-segment eliminations
(3) The exchange rate impact is computed by applying the previous year's
exchange rates to current-year revenue denominated in foreign currencies.
(4) Changes in consolidation perimeter computed by restating revenue for:
* the contribution of entities acquired during the current year and the
contribution of entities acquired the previous year until the anniversary date
of their acquisition,
* for entities sold during the current year, the contribution to revenue during
the months of the previous year for which the entities are no longer
consolidated in the current year and, for entities sold the previous year, the
contribution to revenue of the previous year until the date of their sale.

Groupe CRIT is a French leading company in staffing and airport assistance, in
the global top 20. The Group is listed on Euronext Paris (Compartment B
FR0000036675) and is included in the CAC All-tradable, CAC Allshares, CAC
Mid&Small, Euronext Family Business.

Next release
Q2 2021 revenue July 21st after market closing

CONTACTS

Groupe Crit
Tel : 01.49.18.55.03
communicationfinanciere@groupe-crit.com
www.groupe-crit.com

Actifin
Investor Relations - Stéphane Ruiz : sruiz@actifin.fr
Press Relations - Isabelle Dray : idray@actifin.fr
Tel : 01.56.88.11.11
www.actifin.fr

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