BILENDI: H1 2024 Revenues Reach €30.6m, Up 3.6%

Paris, 24 July 2024 – Bilendi, a European leader in research technology and data, reported its H1 2024 revenues at €30.6 million, reflecting a 3.6% increase compared to H1 2023. Growth at constant exchange rates was 3.1%.

The company posted Q2 2024 consolidated revenues of €16.2 million, marking a 2.7% rise from Q2 2023. France accounted for 23% of total revenues with a 1.4% increase, while international markets grew by 3.1%, contributing 77% of total revenues.

In H1 2024, Bilendi’s international revenues reached €23.5 million, up 3.3% year-on-year. France witnessed a 4.7% rise, totaling €7.1 million. Significant growth was noted in the DACH region, northern Europe, the Netherlands, and Spain.

Bilendi anticipates an improvement in EBITDA for H1 2024 due to cost-control measures introduced in H2 2023. The company continues to innovate with AI, aiming for full automation of market research processes by late 2024 using its AI, BARI.

Bilendi reaffirmed its 2026 objectives, targeting €100 million in revenues and an EBITDA margin of 20% to 25%. The full H1 2024 results will be published on 2 October 2024.