Q3 2021 revenue

YTD 9-month year revenue: +11.9% at cc*

Strong growth in Q3 revenue: +12.7% (at cc*)

Sustained commercial momentum

Revenue continues to grow in Q3 2021

For the year’s first nine months, CIS Group reported revenue of €212.6m at constant exchange rates, up 11.9% from last year’s same period.

This level of activity was driven by a strong third quarter, benefiting from the positive impact of exchange trends and, above all, a particularly favourable commercial dynamic. Third quarter revenue thus rose to €67.3m at constant exchange rates and €68.2m on a reported basis, up 12.7% and 14.1% respectively compared to Q3 2020.

Dynamic business activity in all the Group’s strategic geographic markets

The Group benefited from growing contributions from selected contracts and new contracts which provided nearly €30m in additional revenue or the first nine months of the year. Growth was strong in South America (+28% over 9 months), particularly in Brazil where new services were rolled out to the Group’s existing customers. In the Eurasia region (+20% over 9 months), CIS won new contracts which integrated innovative services with high added value for clients. In Africa, the Group expanded its geographical presence by expanding into Uganda in early August, a new country with significant all reserves.

Revenue by region

Currency effects are now having a positive impact

After decreasing more than 40% in Q2, currency effects had a positive impact in Q3, contributing €0.9m to revenue. Based on current exchange rates, this trend is expected to remain favourable to the Group over the coming months. Since the beginning of the year, total currency effects have decreased and now amount to €15.4m.

A positive year and outlook

Against the backdrop of easing health restrictions and the gradual reopening of borders, CIS has registered new commercial successes in all its strategic regions which will support the Group’s growth momentum in the coming months. This dynamic confirms the positive trends of all international activities and reinforces CIS’ confidence in its ability to generate business growth in 2021 while continuing to add market share.

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 220 operating sites and a worldwide staff today numbering nearly 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: 19/01/2022, after the close of trading: Publication of Q4 2021