| In millions of eurosUnaudited consolidated figures | 2019 | 2018 | Variation |
|---|---|---|---|
| Q1 revenues | 29,0 | 27,5 | +5,4% |
Levallois-Perret, May 14, 2019. Micropole, an international consulting and innovative technology group specializing in Digital Experience, Data Intelligence & Performance and Data Governance & Architecture, reported revenues of €29 million in the first quarter of 2019, representing organic growth of 5.4% compared to the €27.5 million recorded in the same period in 2018. This figure confirms the good business trend recorded in 2018 and begins to benefit from the fruits of the implementation of the TARGET 21 plan in the second half of 2018.
At constant exchange rates, revenues grew by 4.8% to €28.8 million compared to €27.5 million in the first quarter of 2018.
On a constant number of working days basis, revenue growth was 7.1% on a reported basis (1 less working day between Q1 2019 and Q1 2018).
In France, revenues grew by 3.4%, supported by the steady increase in ARPU but held back by a lower activity rate at the beginning of the year.
Business in Switzerland and Belgium was very dynamic, with overall growth of 13.8% (excluding the currency effect), with a very good performance in Belgium (+25%), driven by the success of new offerings created in the cloud in partnership with AWS and around the SAP-Intelligent Enterprise strategy.
Overall activity in Europe (excluding China and Micropole Learning Solutions) was buoyant with an increase of 6.9% in published data.
In a market that is still very tight in terms of resources, Micropole has intensified its policy of recruiting and retaining talent since the beginning of the year through targeted HR actions. These efforts have resulted in a net increase of 8% in Group FTEs over the quarter.
In terms of outlook, Micropole expects solid growth and an improvement in its ROC in fiscal 2019.
Next financial meeting on Thursday, July 25, 2019 for the publication of the 1st half 2019 revenues
