2018 first-half sales
+1.3% growth at constant currency
H1 business highlights
The Group’s revenue for the 2018 first half was €131.0 million at constant currency, up +1.3% from last year's same period.
On a reported basis, first-half revenue came to €115.3 million. While the currency effect on sales narrowed in the second quarter, for the full first half it had a negative impact of €15.7 million.
Revenue in the first half was largely driven by Mauritania, the DR of Congo and growing contributions from all countries in Eurasia where we have operations with solid gains (more than 25% at CC in relation to H1 2017).
The Group's good performance in these strong growth regions helped offset adverse currency effects and slower sales in the first half in North Africa and South America.
Bahamas: a new operating country with a major French construction and civil engineering Group
Following an international call for tender by a major French construction and civil engineering Group, CIS was selected to provide catering, accommodation and facility management services to 400 agents to be based on its site located on an uninhabited island in the Bahamas. This strategic contract with a long-standing Group customer began in June 2018.
Outlook
CIS is continuing to roll out its ARISE strategic plan to improve both its commercial momentum and operating performances.
CIS has implemented an ambitious business development strategy focusing on reinforcing its presence in key markets with high growth potential. The Group is responding to a number of major calls for tender whose full impact may be expected in 2019.
