Bilendi

Earnings Release • Jul 25, 2023

H1 2023 revenues: €29.6 million

+2.0% at constant exchange rates

Paris, July 25, 2023 - Bilendi, a European leader in research technology and data, announces the release of its H1 2023 revenues.

In M€, unaudited	Q2				H1
	2022	2023	Δ	Δ at cer1	2022	2023	Δ	Δ at cer1
France	3,4	3,6	+5,4%	+5,4%	6,8	6,8	+0,5%	+0,5%
International	12,5	12,1	-2,8%	-1,5%	22,6	22,8	+0,9%	+2,4%
Total	15,9	15,8	-1,0%	0,0%	29,3	29,6	+0,8%	+2,0%

In Q2 2023, Bilendi recorded revenues of €15.8 million, down slightly by -1.0% compared to Q2 2022 and stable at constant exchange rates.

Outside France, total revenues of €12.1 million decreased by -2.8% (-1.5% at constant exchange rates), after an upbeat first quarter.

In France, after a first-quarter decline, business picked up in the second quarter, with revenues increasing +5.4% to €3.6 million.

Over the half-year, consolidated revenues for Bilendi Group came to €29.6 million, up +0,8% when compared to the same period in 2022. Excluding the impact of exchange rates, revenues were up +2,0%.

This trend should be assessed in the light of an exceptional first half of 2022, with reported growth of +51.2%, of which +11.4% was organic at constant exchange rates. In an uncertain economic environment, sales continued to be characterised by irregular monthly variations.

Launch of an AI-supported interactive research platform

In June, Bilendi announced the launch of a new version of Bilendi Discuss, developed in a multichannel environment, with new features and powered by both ChatGPT and its in-house AI.

This new version meets market research requirements and is tailored to the needs of researchers who are looking for a fluid and intuitive tool, enabling them to obtain more in-depth and human information.

Integrated into this platform to automate a large part of the analysis process, BARI (Bilendi Artificial Research Intelligence), Bilendi's artificial intelligence, is built on innovative in-house algorithms, proprietary AI and advanced rapid engineering techniques for ChatGPT developed by Bilendi's in-house experts.

With this launch, Bilendi confirms its ability to offer the very latest tools and technologies, which will not only open up new opportunities but also drive future growth for the Group.

¹ At constant exchange rates

Appointment of Gilles Richard as Chief Financial Officer

Bilendi announces the appointment of Gilles Richard as Chief Financial Officer, replacing Magali Aldon, who is leaving the Group for personal reasons. Gilles Richard took up his new position on June 1, 2023.

After graduating from Paris Dauphine University, Gilles worked for ten years as financial controller for subsidiaries of major industrial groups, including Siemens, and then for two technology startups, Poséidon Technologies and DxO.

Gilles then spent nearly 15 years as CFO of SMEs, at Médiaperformances, France's leading shopper marketing company, and then at SAB, a banking software editor.

2026 objectives confirmed

The Group is reaffirming its aggressive growth strategy, combining organic development and targeted acquisitions, with the objective of reaching revenues of €100 million by 2026, and EBITDA of 20% to 25% of revenues, i.e. €20 to 25 million.

Next publication: results for the first half of 2023: October 4, 2023 (after market close)

About Bilendi

At a time when the amount, variety and speed of data being issued and communicated are increasing exponentially, Bilendi provides an innovative technological response to the collection, processing and enhancement of this data.

That is why Bilendi is positioned at the epicenter of data collection for two market segments. These are: Technologies and Services for Market Research and Technologies and Services for Customer Engagement and Loyalty.

We have locations in France, United Kingdom, Germany, Italy, Belgium, Spain, Sweden, Finland, Denmark, Switzerland, Netherlands, Morocco. The group also has business activity in Austria and Norway. In 2022, Bilendi achieved a turnover of € 61,5 million, up +39,5% of which +6,3% on a proforma basis. The group is listed on Euronext Growth Paris.

ISIN code FR 0004174233 - MNEMO code, ALBLD - Eligible PEA PME - Qualification as an "innovative company" by Bpifrance.

www.bilendi.com

Contacts

BILENDI

Marc Bidou – Chairman and CEO Phone: +331 44 88 60 30 m.bidou@bilendi.com

ACTIFIN

Analysts & Investors Relations Nicolas Lin/ Alexandre Commerot nlin/acommerot@actifin.fr Phone: +331 56 88 11 11

Press Relations Isabelle Dray idray@actifin.fr Phone: +331 56 88 11 29