2022 first-quarter revenue

21.2% growth on a reported basis (€75.9 million)

Activity in the first quarter of 2022

Revenue in the first quarter grew 21.2% on a reported basis in relation to the same period in 2021. This strong growth was driven by the Group’s business momentum. Activity also benefited from the increasing contributions from new contracts over the year in 2021 and a positive impact of currency effects amounting to €1.6 million. At constant exchange rates, quarterly revenue (€74.3 million) rose 18.7% from 2021.

Business growth mainly came from Eurasia (+44.3%), Sub-Saharan Africa (+21.7%) and South America (+3.2%).

Revenue by region

Outlook

CIS Group expects continued growth in 2022 by further strengthening its market share and rolling out innovative services.

CIS confirms its intention to pursue opportunities to extend its range of services and move forward in its development by acquiring companies offering specific or complementary expertise or a presence in new strong growth regions.

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 19 countries with nearly 290 operating sites and a worldwide staff today numbering more than 15,000, 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: 03/08/2022, after the close of trading: H1 2022 sales