Groupe Crit revenue up 15.8%; US temporary staffing grows 3.6%


Groupe Crit, a Paris-based staffing firm with operations in the US, reported second-quarter revenue rose 15.8% year over year on an organic, constant currency basis. US staffing revenue rose 3.6% in the second quarter.

The firm’s US operations include Peoplelink Staffing.

(€ millions) Q2 2022 Q2 2021 % change % change organic, constant currency Q2 2022 (US$ millions)
First quarter                                        523.6                                        437.4 19.7% 18.5%                                                  549.2
Second quarter                                        595.0                                        506.7 17.4% 15.8%                                                  624.1
Total                                     1,118.6                                        944.1 18.5% 17.0%                                               1,173.3

Temporary staffing revenue in the company’s international operations, which include the US and other non-France markets, rose 4.4% on an organic, constant currency basis to €116.0 million (US$121.7 million).

Meanwhile, staffing revenue in France rose 6.8% in the second quarter to €374.2 million (US$392.5 million).

Overall, temporary staffing revenue at Groupe Crit rose 6.2% in the second quarter on an organic, constant currency basis. The company cited improved activity and noted the business environment is impacted by a talent shortage and geopolitical tensions.

Groupe Crit also has operations at airports. Revenue in that division rose 98.5% in constant currency.

Share price and market cap

Shares in Groupe Crit closed up 3.13% today in Europe to €59.40 (US$60.63); they were 10.2% above their 52-week low, according to The company had a market cap of €648.0 million (US$661.4 million).