Qwamplify: Gross margin up despite a drop in turnover

Qwamplify, a major player in digital marketing services in France, revealed its results for the third quarter of 2024, with a turnover of 7.4 million euros, down 11.9% compared to the previous year . However, the gross margin increased by 1.3%, reaching 5.5 million euros.

Over the first nine months of the fiscal year, turnover increased by 1.8% to reach 25.3 million euros. The gross margin over this period increased by 13.7%, reaching 17.7 million euros, thanks in particular to an increase in consulting sales.

Certain activities, notably the Shopper sector in the Nordic Countries, suffered significant declines. The group is planning a savings plan for the fourth quarter in order to counter cost increases, mainly in human resources.