on QWAMPLIFY (EPA:ALQWA)
Qwamplify: H1 2024 Half-Year Results
Levallois-Perret, France, June 19, 2024 - The company Qwamplify announces sharply increased results for the first half of 2024. Adjusted turnover reached €17.9 million, up 8.8% compared to the last year. The gross margin amounted to €12.2 million, up 21% thanks to gains from major accounts and the rebound in email marketing.
Operating profit increased by 52% to €1.6 million. This performance results from organic growth in gross margin, offsetting the 18% increase in HR costs. Net profit, group share, stands at €1.1 million, an increase of 76%.
The company presents a solid financial structure, with own net cash of €4.3 million, up 33% compared to September 2023, despite a decrease of €1.8 million in gross cash, which remains high at 12 .6 M€.
In terms of outlook, Qwamplify forecasts slight growth in the second half of 2024, supported by human investments in line with its development strategy.
R. H.
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