| In m€Consolidated figuresunaudited | 2020 | 2019 | Variation |
| Q1 revenues | 31,1 | 29,0 | +7,2% |
Micropole, an international consulting and innovative technology group specializing in Data & Digital Experience, reported revenues of €31.1 million in the first quarter of 2020, up 7.2% compared to the €29 million reported in the same period in 2019. On a like-for-like basis, revenues were up 8%. ThisQ1 development confirms the very good growth momentum initiated in fiscal 2019.
Overall activity in the Europe zone at constant scope and exchange rates (Group excluding China and Micropole Learning Solutions) is very dynamic with an increase of almost 10% (9.8%).
In France, revenues grew by 6%, supported by the increase in ARPU and headcount, despite an activity rate affected by the start of project shutdowns linked to the COVID-19 crisis.
Business in Switzerland rose by 14% (7.8% adjusted for currency effects).
The activity in Belgium recorded a very good performance (+30%), driven by the success of new offers created in the Cloud in partnership with AWS and the development of the activity in Flanders.
Perspectives & COVID-19 point
The COVID-19 pandemic and the confinement in Europe in March 2020 have affected the global economy and consequently the Group's activity. All employees switched to telecommuting mode without difficulty during this period and the reopening of the premises is gradually beginning today.
As early as March, a decline in sales compared to the 2020 objectives was noted and this could reach 20% in April and May 2020. The duration and extent of this situation cannot be predicted. In this context, the Group has implemented measures of partial activity and various governmental aid schemes in the countries concerned (including the State Guaranteed Loan in France), intended to preserve companies and ensure a recovery in the best conditions at the end of this international crisis.
In view of the very good performance in 2019, confirmed by the good momentum of the first quarter of 2020, the TARGET 21 plan was well on the way to success before the impact of the global health crisis. In this period of uncertainty, Micropole is maintaining its medium-term ambitions, particularly in terms of profitability, but is not communicating any quantified objectives for 2020.
Next financial meeting on Thursday, July 30, 2020
for the publication ofQ2 2020 revenues
