| Q1 revenues | 2021 | 2020 | Variation |
| In m€Consolidated figures - unaudited | 29,9 | 31,1 | -3,6 % |
Micropole, an international consulting and technology group specializing in Data & Digital, reported revenues of €29.9 million for the first quarter of 2021, down 3.6% compared to the €31.1 million reported for the same period in 2020. On a like-for-like basis, revenues decreased by 3.5%. Revenues for the first quarter of 2020 had been marked by sustained growth of 9.8% before the effects of the crisis in the second quarter of 2020; the decline in the first quarter of 2021 is therefore mainly due to an unfavorable base effect. This change in revenues in the first quarter of 2021 confirms a gradual return to growth.
Business in the Benelux countries continues to drive the group's momentum with a very good performance (+20%), driven by the success of new Cloud offerings.
The activity of Tomorrow Services in Luxembourg, acquired in mid-March, contributed marginally during the quarter.
Sales in Switzerland also increased by 5.2% (6.7% adjusted for currency effects).
In France, revenues were down 9% (on a constant day count basis), with a more marked decline in the regions. The Lille agency will only be removed from the scope of consolidation on April 1.
The Group's strategy of increasing added value is confirmed with a further increase in its ARR this quarter (+3.8%). However, this did not compensate for the unfavorable base effect in the first quarter of 2020 linked to the decline in the workforce, the employment rate and one less working day.
In this still uncertain period, Micropole is maintaining its medium-term ambitions, particularly in terms of profitability, and remains confident about the future development of the markets in which the Group is positioned.
Next financial meeting on Wednesday, July 28, 2021
for the publication ofQ2 2021 revenues
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