2021 first-quarter revenue
Published on 15/04/2021
4.9% growth at CC* (€72.8 million)
Revenue in the first quarter grew 4.9% at constant currency in relation to the same period in 2020 (-9.8% on a reported basis). This strong momentum was driven by a number of commercial successes and growing contributions from new contracts generating an additional €9.0 million in the quarter.
This performance should be analysed in relation to Q1 2020 which was not yet impacted by the effects of the health crisis and the depreciation of the currencies of certain of the Group’s countries of operation. These currency effects are expected to gradually diminish in the 2021 second quarter.
This increase relates to the contributions by the three main drivers of CIS’ growth, namely the Americas, Eurasia and Sub-Saharan Africa.
Revenue by region
2021 outlook
The Group intends to leverage its historical bases of operations while ramping up its presence in strong growth regions like Africa, Kazakhstan and Russia.
At the same time, CIS confirms its intention to pursue opportunities for growth by acquiring companies offering specific or complementary expertise or a presence in new regions.
Finally, in a context still marked by the enduring health crisis, CIS Group remains confident in its ability to generate revenue growth in the first quarter of 2021 while strengthening its market share and deploying its innovative services.
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 nearly 230 operating sites and a worldwide staff today numbering more than 12,900, 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: 08/04/2021, after the close of trading:
H1 2021 sales
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