CRIT Group: Net income up 19% in first half, but EBITDA declines
CRIT Group published half-yearly results on September 22, 2026, marked by a 19% increase in net income, driven by favorable exchange rates and a financial result that returned to positive territory.
At the same time, the group's EBITDA declined slightly, to €60.5 million compared to €61.7 million one year earlier.
Revenue at €1,666.4 million, driven by temporary work
Consolidated revenue for the first half of 2026 stood at €1,666.4 million, compared to €1,636.7 million one year earlier, representing growth of 1.8% (2.3% on a constant scope and exchange basis).
The Temporary Work division, which accounts for 87.0% of total activity, reported revenue of €1,450.3 million, up 2.7% on an organic basis. In France (52.2% of the division), activity reached €757.6 million, up 1.9% on an organic basis adjusted for working days, supported by the automotive and aerospace sectors. Internationally (47.8% of the division), revenue stood at €692.8 million, up 3.2% on an organic basis adjusted for working days.
Italy, which accounts for 60.4% of activity outside France, grew 1.9% on an organic basis adjusted for working days, while the United States, representing nearly 16% of international activity, recorded growth of 11.1%. The Airport Services division (13.4% of total activity) reported revenue of €223.3 million, unchanged compared to the first half of 2025, in a context marked by the impact of the conflict in the Middle East.
EBITDA at €60.5 million and net income supported by financial results
The group's EBITDA stood at €60.5 million, compared to €61.7 million in the first half of 2025, representing an EBITDA margin on revenue of 3.6% compared to 3.8% one year earlier.
The Temporary Work division reported EBITDA of €46.3 million (3.2% of revenue), showing slight growth. In France, EBITDA stood at €22.4 million, representing a margin of 3.0%, stable year-over-year. Internationally, EBITDA grew 7.6% to €24.0 million, bringing the margin to 3.5% compared to 3.3% in the first half of 2025. In the Airport Services division, EBITDA stood at €14.2 million, representing a margin of 6.3%.
Operating income stood at €31.4 million, compared to €33.7 million one year earlier, after depreciation and amortization expenses increased by €1.1 million related to the greening of the airport equipment fleet. The financial result returned to positive, at €3.9 million compared to -€4.0 million in the first half of 2025, due to favorable exchange rates on dollar-denominated assets. After a tax charge of €14.4 million, net income reached €21.4 million, up 19%, and net income attributable to the group stood at €20.2 million compared to €17.0 million.
Net cash position of €166.1 million and outlook in line with the semester
The group reported a net cash position of €166.1 million, up €31 million compared to the end of December 2025, as well as equity of €720.3 million (+€6.7 million on the same basis) and self-financing capacity of over €58 million.
For the second half of 2026, the group indicates that activity should develop in line with recent months, relying in France on the diversity of its sector positions and the agility of its network, and internationally on the performance of its main operations. In airport services, activity should be maintained at high levels thanks to the recurring nature of the business model and customer loyalty.
The group will publish its third quarter 2026 revenue on October 28, 2026 after trading hours.
