- Solid annual growth in 2019
- Strong acceleration in the second half of 2019
- Continuation of the TARGET 21 strategic plan
| In m€consolidated figuresunaudited | 2019 | 2018 | Variation |
| T1 | 29,0 | 27,5 | + 5,5 % |
| T2 | 28,4 | 27,0 | + 5,2 % |
| T3 | 28,2 | 25,0 | + 12,8 % |
| T4 | 32,8 | 29,9 | + 10,0 % |
| 118,4 | 109,3 | + 8,3 % |
Micropole, an international consulting and innovative technology group specializing in Data & Digital Experience, announces that for the full year 2019, it generated revenues of €118.4 million, compared to €109.3 million for the same period in 2018, representing growth of 8.3% (7.3% at constant scope and exchange rates). In the fourth quarter of 2019, revenues amounted to €32.8 million, compared with €29.9 million recorded in 2018, representing growth of 10.0% (8.5% at constant scope and exchange rates).
Sustained growth in the fourth quarter
As expected, the Group's growth rate in Q4 continued to accelerate as seen in Q3. Micropole recorded sustained, entirely organic growth in the Europe zone (which includes all activities in Europe excluding Micropole Learning Solutions, formerly Micropole Institut).
In France, again in the fourth quarter, revenues rose by 7.4%, reflecting excellent positioning in the growth markets for data-related issues, as well as good control over talent management. In Belgium and Switzerland, growth was 22.8% (19.9% at constant scope and exchange rates), fueled by the very rapid development of Cloud offerings.
This performance is in line with the objectives of the TARGET 21 strategic plan announced in September 2018, and the result of the ongoing work carried out on the various operational levers in all of the Group's operating areas.
Good annual dynamics in all zones
For fiscal 2019 as a whole, the year was marked by a 9.9% like-for-like increase in business in Europe.
- In France, growth on a like-for-like basis was 7.4%; business was driven by the launch of new offerings, notably Go Cloud & Security, as well as missions around AWS and Azure solutions.
- In Switzerland, activity (+7% at constant exchange rates) was driven by Data projects. The launch of albert, the new Micropole Group agency dedicated to the Salesforce ecosystem, was announced at the end of the year.
- Belux, which has very strong growth potential across all its activities and regions, recorded a sharp increase of 16.5%, driven by its early positioning on AWS Cloud platforms and the start of its business development in Flanders.
The Micropole Learning Solutions activity and the activity carried out in China were down over the period. However, the contribution of these two entities is marginal; the impact of their decline represents only -0.4% of Group revenues in 2019.
Regarding headcount, the Group has integrated 300 new consultants and billable engineers in fiscal 2019, bringing the total headcount to 1,200 employees at the end of 2019.
Outlook: confirmation of the TARGET 21 plan
In line with its strategy, in 2020 the Group will continue to roll out its new offerings around Data, AWS, Azure, Salesforce and Go Cloud & Security.
In order to support its development in a tense employment market, Micropole is continuing to intensify its Employer Brand policy, focused on the recruitment and retention of talent. In particular, the Group is looking for Business Consultants and Data Experts for all its sites to carry out its numerous projects and innovative missions.
As anticipated, the efforts made over the period will have a positive effect on all operational indicators, confirming the Group's strategy and positioning. Micropole therefore reiterates its objectives communicated in the TARGET 21 plan, i.e. a positioning focused on innovation and added value for its clients, with a current operating income above 8% by 2021.
Next financial meeting on April 22, 2020
for the release of the 2019 annual results.
