olivLaw · European equity research
GROUPE CRIT CEN.PA
France · Euronext Paris · ISIN FR0000036675 · Vertical: Listed companies from France
GROUPE CRIT is a French group active in temporary staffing and airport handling, with a presence in nine countries. In fiscal 2025 revenue rose to 3 372,0 million euros while the EBITDA margin fell to 4,3% under pressure from the US and unfavourable mix effects, a combination of growth and margin pressure that makes its profile relevant for investors following labour markets and air traffic.
At the close of 05 Nov 2026, GROUPE CRIT (CEN.PA) stock was 48.40 EUR (+5.45% on the day), with beta 0.15, 52-week range 45.00–67.40 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 60.9
- strong (55–70)
- Bollinger (20, 2)
- 44.51 – 47.54
- above the upper band · %B 1.28 · band width 6.6%
- SMA 50 / 200
- 48.66 / 54.78
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.63 / -0.95
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | 0.0% | −0.6% | +0.6 pp | — |
| 3 months | −7.6% | −4.2% | −3.5 pp | — |
| 6 months | −13.3% | +4.3% | −17.6 pp | — |
| Year to date | −16.8% | +7.5% | −24.3 pp | — |
| 1 year | −18.2% | +9.9% | −28.2 pp | −6.8% |
| 3 years | −27.8% | +49.8% | −77.6 pp | −15.9% |
| 5 years | −28.8% | +42.8% | −71.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2.5 bn | 3.1 bn | 3.4 bn |
| Revenue YoY | unavailable | +23.2% | +7.9% |
| Net income | 72.8 m | 73.0 m | 31.2 m |
| Net income YoY | unavailable | +0.3% | −57.3% |
| Diluted EPS | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | 2.9% | 2.3% | 0.9% |
| Free cash flow | 96.0 m | 101.4 m | 77.4 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 296.5 m EUR
- Financial debt
- 165.4 m EUR
- Net debt
- -131.1 m EUR
- Equity
- 713.6 m EUR
- Total assets
- 1.6 bn EUR
- Debt / equity
- 0.23x
- Current ratio
- 1.35x
- ROE
- 4.3%
- ROA
- 1.9%
- FCF margin
- 2.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 2.5 bn | 3.1 bn | 3.4 bn | esef· 12 May 2026verified |
| Operating income | 96.9 m | 96.6 m | 63.1 m | esef· 12 May 2026verified |
| Depreciation & amortisation | 39.5 m | 50.4 m | 56.1 m | esef· 12 May 2026verified |
| EBITDA | 136.5 m ≈ | 147.1 m ≈ | 119.1 m ≈ | esef· 12 May 2026derived |
| Pre-tax income | 109.1 m | 109.0 m | 64.5 m | esef· 12 May 2026verified |
| Income tax | 33.9 m | 33.5 m | 30.1 m | esef· 12 May 2026verified |
| Net income | 72.8 m | 73.0 m | 31.2 m | esef· 12 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 473.8 m | 335.1 m | 296.5 m | esef· 12 May 2026verified |
| Inventories | 2.8 m | 3.4 m | 3.3 m | esef· 12 May 2026verified |
| Current assets | 1.0 bn | 1.1 bn | 1.0 bn | esef· 12 May 2026verified |
| Property, plant & equipment, net | 159.3 m | 177.3 m | 181.8 m | esef· 12 May 2026verified |
| Goodwill | 166.8 m | 268.1 m | 235.3 m | esef· 12 May 2026verified |
| Intangibles (excl. goodwill) | 23.5 m | 109.6 m | 102.6 m | esef· 12 May 2026verified |
| Total assets | 1.4 bn | 1.7 bn | 1.6 bn | esef· 12 May 2026verified |
| Short-term debt | 67.6 m | 88.4 m | 77.1 m | esef· 12 May 2026verified |
| Long-term debt | 70.6 m | 95.0 m | 88.3 m | esef· 12 May 2026verified |
| Current liabilities | 578.6 m | 779.9 m | 757.0 m | esef· 12 May 2026verified |
| Equity | 761.5 m | 751.9 m | 713.6 m | esef· 12 May 2026verified |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 111.7 m | 118.7 m | 97.2 m | esef· 12 May 2026verified |
| Capex | 15.8 m | 17.3 m | 19.8 m | esef· 12 May 2026verified |
| Free cash flow | 96.0 m ≈ | 101.4 m ≈ | 77.4 m ≈ | esef· 12 May 2026derived |
| Investing cash flow | -70.5 m | -162.6 m | -14.0 m | esef· 12 May 2026verified |
| Financing cash flow | -47.0 m | -127.8 m | -108.7 m | esef· 12 May 2026verified |
| Dividends paid | 39.4 m | 10.6 m | 64.1 m | esef· 12 May 2026verified |
| Share repurchases | -303.0 k | 39.6 m | 333.0 k | esef· 12 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.7% | 43 (vs peers) | 25% |
| Net margin · Quality | 0.9% | 41 (vs peers) | 15% |
| FCF conversion · Quality | 248.5% | 100 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -1.1x | 43 (vs peers) | 25% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 46 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 82.8% | 53 (on a fixed band) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet44/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality58/100 · 3/3 factors with a value
- Returns· partial53/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GROUPE CRIT (CEN.PA). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 3.4 bn EUR in 2025; YoY growth 7.9%; net margin 0.9%; ROE 4.3%; net debt/EBITDA -1.1x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 248.5%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Listed companies from France · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude | 109.3 bn | 33.2 | 12.9% | 12.2% | −2.0% | +26% / +32% |
| AC.PAAccor | 13.8 bn | 30.7 | 9.6% | 8.0% | +0.6% | +6% / +56% |
| ADP.PAAeroports De Paris | 11.7 bn | 34.1 | 7.8% | 5.6% | +12.1% | −7% / +4% |
| AKE.PAArkema | 7.1 bn | 115.4 | 0.9% | 0.7% | −5.0% | +12% / −37% |
| ALO.PAAlstom | 5.8 bn | 18.3 | 3.1% | 1.7% | +3.7% | −51% / −4% |
| AF.PAAir France - Klm | 4.3 bn | 13.6 | — | 1.0% | +4.8% | +20% / +9% |
| ATE.PAAlten | 3.1 bn | 29.5 | 4.8% | 2.6% | −1.1% | +33% / −29% |
| BB.PASociete Bic | 2.7 bn | 31.3 | 5.0% | 4.1% | −4.8% | +32% / +5% |
| ANTIN.PAAntin Infrastructure Partners | 1.4 bn | 13.0 | 21.9% | 36.6% | −8.1% | −24% / −35% |
| 74SW.PA74software | 792.7 m | 20.9 | 8.9% | 8.5% | +44.8% | −13% / +41% |
| AUB.PAAubay | 667.4 m | 17.8 | 13.6% | 6.3% | +11.3% | +3% / +45% |
| ASY.PAAssystem | 507.1 m | 69.9 | 2.5% | 1.1% | +7.4% | −19% / −18% |
| ATO.PAAtos Se | 483.0 m | — | -23,400.0% | -17.5% | −16.5% | −45% / −94% |
| ARAMI.PAAramis Group | 298.8 m | 15.0 | 10.0% | 0.8% | +6.3% | −33% / −16% |
| ARVEN.PAArverne Group | 246.1 m | — | -14.0% | -115.3% | +27.0% | +20% / −35% |
| BGO.PACompagnie Chargeurs Invest | 189.4 m | — | -8.6% | -5.7% | −2.9% | unavailable / unavailable |
| ALCIS.PACatering International & Services | 145.0 m | 28.4 | 9.3% | 1.9% | +5.8% | +39% / +107% |
| ALCGM.PACegedim | 144.6 m | — | -2.6% | -1.2% | +10.9% | −26% / −49% |
| ATEME.PAAteme | 144.0 m | 151.3 | 2.8% | 1.0% | +2.2% | +82% / +77% |
| ALHEX.PAHexaom | 144.0 m | 6.7 | 9.9% | 2.2% | +13.1% | −32% / +7% |
| ALBON.PACompagnie Lebon | 111.7 m | 16.5 | 4.2% | 8.8% | −17.9% | +6% / +8% |
| ALHYF.PALhyfe | 75.8 m | — | -33.4% | -570.5% | +287.2% | unavailable / unavailable |
| ALFER.PASergeferrari Group | 61.5 m | 11.5 | 5.1% | 1.5% | +7.4% | −33% / −27% |
| ABEO.PAAbeo | 60.8 m | 7.3 | 6.9% | 3.0% | +12.6% | −13% / −54% |
| ABNX.PAAbionyx Pharma | 53.5 m | — | -92.3% | -136.6% | −10.7% | −62% / +19% |
1- and 3-year price returns: for CEN.PA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
GROUPE CRIT is a French group active in temporary staffing and airport handling, with a presence in nine countries. In fiscal 2025 revenue rose to 3 372,0 million euros while the EBITDA margin fell to 4,3% under pressure from the US and unfavourable mix effects, a combination of growth and margin pressure that makes its profile relevant for investors following labour markets and air traffic.
SWOT
Strengths
- Leading position in airport handling in France and a solid share at Paris-Le Bourget.
- Geographic diversification, with international activity now predominant in temporary work.
- Recognised certifications in airport handling, including ISAGO and ISO, and an internal training policy.
Weaknesses
- EBITDA margin declining, affected by mix effects, pricing and investment in the network.
- US activity below expectations for three years, with a significant impairment.
- Dependence on the French labour market, where services and construction are weak.
Opportunities
- Possible extension of airport handling if the group wins the Paris-CDG licences.
- Rising demand for staff in sectors such as industry and aeronautics.
- Growth of the cargo business with the new modern warehouse at the airport.
Threats
- Stronger competition in Ireland and pricing pressure in airport handling.
- An economic slowdown could reduce demand for temporary staff.
- Loss of the Paris-CDG licences could significantly affect the airport division.
Risks
- Paris-CDG licence tender outcomehigh
The results of the tender for operating licences at Paris-CDG are still to be announced, and a loss could reduce airport division activity.
- US activitymedium
Results below expectations in the US led to an impairment, and recovery is uncertain if the market stays weak.
- Margin pressuremedium
The EBITDA margin declined, and unfavourable mix and pricing effects could persist if demand does not improve.
- Competition in Irelandlow
Competitive pressure in Ireland affected airport activity and could persist.
- Dependence on the French marketmedium
France accounts for a large share of activity, and a fall in services demand could affect results.
Investment thesis
What would need to be true (bull case)
- If the group keeps its leading position in airport handling and wins the Paris-CDG licences, the division could grow significantly.
- The Openjobmetis integration and rising international activity could support revenue over the medium term.
- A recovery in industry, automotive and aeronautics could bring additional demand for temporary staff.
What would break the thesis
- If the EBITDA margin keeps declining, net income could stay below earlier levels.
- If US activity does not stabilise, further impairments could arise.
- If the loss of the Paris-CDG licences materialised, the airport division could face a significant decline.
What to watch
- Results of the Paris-CDG licence tenderQ1 2027
- Entry into force of the new Paris-CDG airport licencesOctober 2027
- Trend in EBITDA margin of the temporary work division2026
- Evolution of US activity and related impairmentnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group operates in two divisions: temporary work, which generates most of revenue, and airport handling, known in France as Groupe Europe Handling. According to the 2025 annual report, the group achieved 3 372,0 million euros of revenue, up 7,9% reported but stable at constant perimeter (-0,2%) 1. The group serves more than 34 000 clients in nine countries and reached 45% of activity abroad after integrating Openjobmetis in Italy 1.
In airport handling the group is the leader in France, with about 40% market share at Paris-CDG and Orly, and handles more than 50 scheduled airlines 1. Division revenue reached 462,7 million euros in 2025, up 4%, with an EBITDA margin of 8,6% 1.
Segments
Temporary work
The main division, with 2 924,3 million euros of revenue in 2025, up 8,6% reported but stable organically (-0,9%) 1. France accounted for 1 533,9 million euros, declining, while international activity of 1 390,3 million euros grew through the Openjobmetis integration 1.
Airport handling
The division delivered 462,7 million euros in 2025, with 72,5% of activity in France, where the group is the leader, and a presence in Ireland, the United Kingdom and Africa 1. Licence contracts at Paris-CDG are expected to be awarded in Q1 2027, which could shape the division's outlook 1.
Cargo and Le Bourget
The airport division also includes cargo activity, which generated 45 million euros in 2025, and business aviation operations at Paris-Le Bourget, where market share reached 16,2% 1.
Market context
The French temporary staffing market remained difficult, with weak demand in services and construction, while industry, including automotive and aeronautics, supported activity 1. Airport handling benefits from a well-oriented air traffic, the group handling 58,47% of air traffic at the two French airports where it operates 1.
Trends
- Industrial recoverytailwind
Industry represented 47,1% of French temporary work revenue and grew over 3% in 2025, accelerating in the fourth quarter 1.
- Weakness in servicesheadwind
Services, with 40,3% of revenue, declined due to weaker demand in transport, logistics and trade 1.
- Housing plan in constructionmixed
The 'Relance Logement' plan aiming at 2 millions homes by 2030 could support construction demand, although the sector remains weak 1.
- Fleet energy transitionmixed
The group reached 49,6% of its ground fleet without fossil energy and targets 90% by 2030, which could lower costs over time but requires investment 1.
Competitive position
In temporary work the group competes with national and international operators in France, Italy and Spain, where the Openjobmetis integration brought it into the top 10 in Italy 1. Competitive pressure was also felt in the US, where results stayed below expectations for three years 1.
In airport handling the group competes with other ground handling providers, and in Ireland competition intensified, affecting margins 1. The analysed sources do not identify US-listed competitors, so no tickers are given.
- Temporary staffing operators in France and Italy
Competitors referred to indirectly through competitive pressure in the temporary work division, without names in the sources.
- Other ground handling providers in Ireland
Competition intensified at Dublin and Shannon, without names in the sources.
- Airport service providers in the United Kingdom
The group operates at Heathrow and London City; competition is mentioned only in general terms.
- Airport service providers in Africa
The group holds concessions in Congo and Sierra Leone; competitors are not identified in the source.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202512 May 2026
- Annual report 202407 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / GROUPE CRIT · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.