on BILENDI (EPA:ALBLD)
Bilendi Achieves Record Results in 2024
Bilendi, a global technology and data provider for market research, has announced impressive full-year results for 2024. The company reported a 2.6% increase in revenue to €64.4 million. This performance was driven by a 42% increase in adjusted net income and a record EBITDA margin of 21.4%.
Operating cash flow increased significantly to €14.2 million. Net cash now stands at €4.6 million, partly thanks to the integration of artificial intelligence into Bilendi's solutions.
The €54 million acquisition of Netquest marks a strategic milestone, expanding Bilendi's offering to 37 countries. This acquisition, financed by debt, will generate consolidated revenue of over €90 million. Bilendi is targeting revenue of €100 million by 2026 with an EBITDA margin of between 20% and 25%.
R. H.
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