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Groupe Crit Says First Half Is More Difficult

Groupe Crit Says First Half Is More Difficult

As expected, activity in the second quarter was marked by the slowing demand in France. Over the period, sales totalled &euro385.9 million against &euro386.5 M. Turnover in the first half shows a slight increase (0.8%) to &euro610.7 million. This positive development was driven by the integration of North American society PeopleLink which achieves a good first half with a turnover of &euro51.6 million up 15.5% (6.5% at constant exchange rates). In total, the international activity of first half is multiplied by more than two to &euro 93.4 million (against &euro 41.9 million over the same period, 2011).

In France, sales of the first half amounted to &euro 517.3 million against &euro 563.8 million on the same period of 2011. Beyond the slowdown in demand seen in recent months, the decline in activity (-8.2%) must be balanced against a high comparison base (Growth of 22.5% in first half 2011) and the group's desire to maintain discipline tariff to protect its margins. Multiservice center: growing on all activities The multi-pole makes a good first half with a turnover of &euro 134.4 million against&euro 122.1 million, up 10.1%. All activities contribute to growth. In the airport, the commercial successes in recent months have brought a number of display sales up 7.7% to &euro 97.5 million. Engineering and maintenance activities are also well oriented with a turnover of &euro 28.3 million up 19.3%.Earlier this year confirms the validity of the strategy adopted by the Group to accelerate its internationalization and diversify its fields of expertise.

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