Cegedim: Steady Revenue Growth in Q3 2024 Driven by Key Sectors

Cegedim reported a 5.7% rise in Q3 2024 revenues, marking continued growth across several key business areas. Total revenue reached €156.8 million, with a significant contribution from Marketing, BPO, HR, and cloud services. For the first nine months of 2024, revenue increased by 5.9% to €475.8 million compared to the same period in 2023.

The Data & Marketing division experienced notable growth, increasing by 17.0% in the third quarter, fueled by special ad campaigns during the Olympics. Meanwhile, the BPO sector showed a robust 13.9% rise, largely driven by Insurance BPO thanks to a flourishing overflow business. Cloud & Support also reported strong results with a growth of 12.5% this quarter.

Despite these advancements, the Software & Services division witnessed a decline, primarily due to challenging comparisons stemming from public health investments in 2023 and a strategic refocus on the UK market. As the financial year progresses, the company aims to sustain its current growth trajectory.