Report
Jean-François Granjon

Crit : Resilience and outperformance vs the market

>Good margin resilience - Crit’s H1 results were largely good quality, albeit with a slowup in margins, but a limited drop in earnings. As such, the EBITDA margin came in at 4% vs 4.5%, a deterioration of 50bp. This was evidenced by the scope in France (-70bp, 3% vs 3.7%) and international markets (3.5% vs 4.3% despite the accretive contribution from OpenjobMetis). This margin erosion was driven mainly by weaker activity for the temporary employment business (82% of r...
Underlying
Groupe Crit SA

Groupe Crit provides HR solutions to companies. Co.'s activities are divided into three segments: Temporary employment and Recruitment; Airport services; and Other services. In the Temporary employment and Recruitment segment, Co.'s offering includes temporary employment, permanent placement, secondment, outsourcing, training and consulting. The Airport services segment includes all services performed on an airplane from its landing to its take-off such as services to passengers and airplanes. The Other services segment comprises services in engineering and maintenance, and miscellaneous activities. At Dec 31 2010, Co. operated 431 branches, and was the partner of more than 25,000 companies.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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