Q4 2022 revenues
Published on 18/01/2023
Strong growth continues: €325.7m, +20.3%
(1) Revenue not audited by the Statutory Auditors (2) CC: constant currency
Revenue on 31 December 2022 were sharply up by 20.3% on a reported basis (increase of €55.0 million), compared from the same period in 2021 demonstrating strong growth (up 9.6% at a constant currency basis).
Business growth was driven by Eurasia and Sub-Saharan Africa.
South America is in a decline due to the drop in business volume but is expected to recover in 2023.
In North Africa, the difference can be attributed to the voluntary non-renewal of low-profit contracts over the year.
2023 outlook
CIS intends to continue to build on this positive growth momentum in 2023 by developing its current scopes of activity and penetrating new countries.
In addition, CIS remains determined to seize any opportunity for acquisition within its core business or to expand its range of services.
Next press release: 20 April 2023, after the close of trading: FY 2022 annual results and Q1 2023 revenue
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 19 countries with nearly 250 operating sites and a worldwide staff today numbering nearly 12,000, 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: 20 April 2023, after the close of trading: FY 2022 annual results and Q1 2023 revenue
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