Q3 2023 revenue
Published on 18/10/2023
Sustained business growth on a constant currency basis: +14.9%
Increasing contribution from two major contracts launched in the third quarter
(a) Revenue not audited by the Statutory Auditors. (b) CC: constant currencies.
Third-quarter revenue rose 14.9% on a constant currency basis to €99.3 million (€82.4 million on a reported basis).
In the past few months, exchange rates have had an increasingly negative impact.
Over the first nine months of the year, business grew 5% on a constant currency basis compared to the same period in 2022, with revenue totalling €255.8 million (€237 million on a reported basis).
Activity in the third quarter of 2023
The Africa and Eurasia regions continued to drive the Group’s growth. Two major contracts, totalling nearly $140 million, were signed in Guinea and Kazakhstan in the third quarter.1 They demonstrate CIS’ ability to support its customers on large-scale projects, with an extended range of services in our core business and in facilities management (covering all installations and industrial maintenance).
As expected, the Americas region continued to see a decline in its revenue amid today’s market of contract renewals and calls for tender. This transitional situation is expected to level off in the short term.
2023 outlook
As part of the energy transition and the current issue of energy sovereignty, CIS remains on the lookout for any growth opportunities and is determined to stay on its growth trajectory on a constant currency basis, including in new regions of operation.
Revenue by region
Revenue by region
About CIS
CIS was created in 1992 by its Chairman, Régis Arnoux. CIS Group has been supporting major players in the energy, 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 250 operating sites and a worldwide staff today numbering 12,000, CIS has a strong commitment to contributing to the economic and social development of the local populations and countries where it operates.
For more information, go to: www.cis-integratedservices.com
Euronext Growth Paris: ISIN FR0000064446
Reuters: ALCIS.PA – Bloomberg: ALCIS:FP
Next press release: 17 January 2024, after the close of trading: FY 2023 revenue
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