| In m€Consolidated figuresunaudited | 2020 | 2019* | Variation | 2019published |
| Q1 revenues | 31,1 | 28,4 | +9,5% | 29,0 |
| Q2 revenues | 26,7 | 27,6 | -3,2% | 28,4 |
| H1 revenues | 57,8 | 56,0 | +3,2% | 57,4 |
*Retired from the sale of Micropole Learning Solutions - MLS - on February 17, 2020
Micropole, an international consulting and innovative technology group specializing in Data & Digital Experience, reported revenues of €57.8 million for the first half of 2020, up 3.2% compared to the €56 million recorded for the same period in 2019 (figures restated for the sale of Micropole Learning Solutions - MLS - on February 17, 2020). On a like-for-like basis, revenues were up 1.9%.
Impact of Covid-19 in Q2 2020
In the second quarter, revenues amounted to 26.7 million euros, compared with 27.6 million euros achieved in the same period in 2019 excluding MLS (-3.2%). At constant scope of consolidation and exchange rates, the decline in revenues was 4.5%. For the quarter as a whole, the decline in activity compared to the pre-Covid-19 situation was around -13%.
In France, sales were down 8% for the quarter. The decline in Switzerland was 8.7% at constant exchange rates. Belgium was little affected by the crisis and continued its strong growth momentum at 27%.
Pontinuing the commercial recovery effort
During the period, Micropole suffered the impact of the Covid-19 pandemic but demonstrated its ability to absorb the shock of the crisis, both operationally and financially. The Group was able to adapt to this unprecedented situation by deploying all preventive measures to protect the health of its employees. The resilience of the Group's operational capacities, the expertise of its teams and the complementary nature of its offerings have enabled it to continue to serve its clients with efficiency and agility.
In order to cope with the sudden slowdown in activity and to partially mitigate the cost of the under-activity of its teams, Micropole resorted to partial activity measures from March onwards, but gradually reduced the use of these measures as projects recovered.
State-guaranteed loans of 5 million euros have been concluded with the main banking partners to further secure the Group's financial situation.
Towards a gradual return of the activity level
Sales activity continues to show a certain wait-and-see attitude on the part of customers, which is much more marked in the regions, but with more dynamic segments, particularly around Cloud offerings. Order intake, which was severely disrupted in April and May, has improved significantly since June.
In addition, Micropole is continuing to adapt its cost structure to the new economic context. Impacted by the containment measures and then by the drop in demand, the Group expects a gradual return to the previous level of activity during the second half of the year and is putting itself in working order with this in mind.
In the current context, Micropole is maintaining its medium-term ambitions, in particular profitability, but has not formulated annual financial objectives for the year 2020.
Next financial meeting on Wednesday, September 23, 2020
for the publication of the results for thefirst half of 2020.
