Lacroix : First-half revenue of €291.5 million, down 12.3% on a like-for-like basis, reflecting challenging sector conditions for Electronics despite continued positive momentum in Environment

Core Viewpoint - Bilendi reported a significant revenue increase of 42.2% for the first half of 2025, driven by the acquisition of Netquest and strong international sales growth [2][3][4]. Financial Performance - Total revenue for H1 2025 reached €43.5 million, up from €30.6 million in H1 2024, reflecting a growth of 42.2% [3][4]. - International revenue surged by 55.0% to €36.4 million, accounting for 84% of total sales, compared to 77% in H1 2024 [5]. - Revenue in France, which represents 16% of total sales, increased slightly by 0.2% to €7.1 million, with a rebound of 4% in Q2 2025 [6]. Strategic Developments - The acquisition of Netquest, finalized in February 2025, is a key milestone for Bilendi, enhancing its position as a global leader in the market research sector [4][12]. - Bilendi is expanding its proprietary panel coverage, aiming to launch 20 new panels and increase its network to 50 countries by the end of 2025 [8]. - The company introduced the Bilendi Platform, a self-service solution for market research, and enhanced the Bilendi Discuss platform with AI capabilities for automated analysis [9][10]. Company Milestones - 2025 marks the 20th anniversary of Bilendi's listing on the Euronext Growth market, highlighting its transformation from an online loyalty program pioneer to a leader in technology and data solutions [11][12]. - Bilendi aims to achieve a revenue target of €100 million by 2026, with an EBITDA margin of 20% to 25% [13].