SOLID HALF-YEAR RESULTS:
FIRST-HALF 2023 OPERATING RESULT: €1m (10% of MB)
& NET INCOME, GROUP SHARE: €0.6m (6% of MB)
LAUNCH OF NEW BRAND PLATFORMS
BESPOKE & QWAMPLIFY
Levallois-Perret, France, June 20, 2023, Qwamplify (ISIN: FR0010889386 – Mnemonic: ALQWA), a major player in France in digital & data marketing solutions, announces today its results, unaudited, for the 1st half of 2023 (October 2022 – March 2023).
During the 1st half of 2023, the consolidated turnover increased to reach €16.4 million (+9.4%) while the Gross Margin amounted to €10.1 million, down slightly from 0 .1 M€. Operating income reached €1.05 million, at 10.3% of gross margin, down 34%.
This result is mainly affected by a €1 million increase (+15%) in wages and related expenses, due in particular to the strengthening of the group’s management and the integration of the Bespoke agency, acquired in July 2022 with about fifteen of collaborators.
As a result, the Net Income Group Share reached €0.6 million, at 6.1% of the Gross Margin, down 30%.
With a solid Cash Flow at €0.9m, gross cash remains at a high level, at €14.5m, up €1.5m. The Group maintained an almost stable debt (+€0.2 million) despite a new loan of €1.5 million to finance 70% of the securities of the Bespoke agency.
Own net cash therefore remains very solid at €3.8 million.