2020 fourth-quarter revenue

Accelerating growth in 2020 fourth quarter: +10.0% at cc*

Annual revenue exceeds guidance: +8.3% at cc*

Strong business growth in Q4 2020

CIS reports fourth-quarter revenue of €65.8 million, up 10% at constant currency, confirming the recovery and acceleration in growth observed in Q3 (+2.3% at cc). Growth momentum in the quarter continued to be impacted by negative currency effects with a decrease of 8.1% on a reported basis.

A remarkable annual performance in an environment adversely impacted by the health crisis

Even though growth momentum was adversely impacted by COVID-19, CIS was successful in in achieving significant growth for the full year.

Group revenue rose to €287.8 million at constant currency, up 8.3%. Like-for-like (at constant scope and constant currency) revenue grew 6.0%.

On a reported basis, growth contracted slightly due to a negative currency effect of €32.1 million for the year.

Robust growth momentum in all regions

This good performance was driven mainly by the strong development of our activities in Russia, Kazakhstan, Algeria and the Democratic Republic of Congo which contributed €33.9 million to annual revenue.

Operations in new countries (Cameroun, Gabon and Senegal) also contributed €3.6 million in revenue.

With the exception of the Middle East, a Group region currently subject to a strategic review, all regions fuelled this positive momentum.
Revenue by region (€m)

Revenue by region (€m)

Outlook

For 2021, CIS is expecting the pace of sustained growth to continue.

Despite the context, our historic customers in the oil, mining or construction & civil engineering sectors have maintained the continuity of their operations in the production phase while many new development opportunities, particularly in the mining and construction & civil engineering sectors, have been identified.

Our far-reaching geographical presence, the expansion of our service offering with the application of innovative systems, our digital offering and our acquisition objectives represent significant strengths for accelerating our development.

Note: 2020 revenue is not yet audited

About CIS

CIS was created in 1992 by its Chairman and Chief Executive Officer, Régis Arnoux. CIS Group has been supporting major players in the hydrocarbon, mining, construction and armed forces sectors, at every stage of their projects, in the most remote offshore and onshore environments. As a provider of integrated services, CIS has a full range of services and turnkey solutions designed to assure the well-being and safety of the residents of our remote sites so that our customers can concentrate on their own core businesses.

Present in 20 countries with more than 230 operating sites and a worldwide staff today numbering more than 12,000, CIS has a strong commitment to contributing to the economic and social development of the local populations and countries where it operates.

Next press release: 16/04/2021 before the commencement of trading:
Publication of FY 2020 annual results and Q1 2021 sales