2021 second-quarter revenue
Published on 04/08/2021
2021 second-quarter sales: €66.4 million
Strong growth at constant currency +19.2%
CIS reported revenue for the 2021 first half of €129.0m, up 11.6% at constant currency from the same period in 2020.
The negative currency effect of €16.3m was more than 40% lower than in Q2 2021. Based on current exchange rates, this amount is expected to decrease significantly over the next few months.
This performance was driven by a very dynamic second quarter, with sales of €66.4m, a significant increase of 19.2% at constant exchange rates compared to Q2 2020.
Additional revenue of over €20.0m in the first half was provided by increasing contributions from our operations and new contracts.
This momentum confirms the positive trend for the Group’s businesses in its three main growth regions, namely South America, Eurasia and Africa.
Revenue by region
2021 outlook, a structurally favourable environment
Bolstered by an agile and innovative business model, pervasive social and ethical values and a committed workforce, CIS intervenes as a full-service provider for its customers.
In a context which remains impacted by the health crisis, CIS Group intends to continue to develop and strengthen its presence in its strategic regions.
At the same time, CIS is actively analysing opportunities to acquire companies that offer specific or complementary expertise or a presence into new regions.
The Group remains confident in its ability to generate revenue growth in 2021 while continuing to add market share and roll out 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 18 countries with nearly 220 operating sites and a worldwide staff today numbering more than 12,800, 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: 2021/09/16, after the close of trading: Publication of half-year results
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