Q4 2021 revenue

Q4 2021 sales: +11.7% (73.5 million)

Sustained growth in 2021

An exceptional commercial performance with major successes in Russia

Strong and continuing growth

Despite the difficult context of the pandemic, CIS reported growth in Q4 2021 sales of 11.7% in relation to the same period in 2020.

Annual revenue rose to €270.7m, a 5.8% increase from 2020. At constant currency, sales grew 11.0% to €283.8m.

This growth in revenue was greatly because of a strong commercial momentum, the ramp-up of numerous contracts and a positive impact from foreign exchange trends in H2 of the year.

Strong growth in Eurasia and South America

At the level of geographical performances, revenue growth was driven mainly by South America and Eurasia, with gains of 25.4% and 17.9% respectively over the year. Revenue from Africa at constant structure grew 9.3%.

The main growth drivers were Kazakhstan, Brazil, Mauritania, and Russia, where CIS Group strengthened and developed its positions with, local and international, oil and mining players.

Revenue by region

An exceptional commercial performance with major successes in Russia

In Russia, where the Group has been operating for nearly 30 years, the local subsidiary won several tenders with leading global operators.

These successes, which are contributing to the Group’s transformation, offer yet another demonstration of CIS’ ability to support very large-scale projects in the most extreme environments.

Positive short- and medium-term prospects

CIS Group confirms its ambitions and is looking forward to sustained growth in 2022 by further strengthening its market share and continuing to roll out innovative services.

CIS also reiterates its intention to pursue growth opportunities 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 20 countries with nearly 220 operating sites and a worldwide staff today numbering more than 13,000, 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: 13/04/2022, after the close of trading: Publication of 2021 annual results and 2022 Q1 sales