BILENDI Posts Q1 2024 Revenue Growth, Boosted by AI Innovations

European research technology and data leader Bilendi has reported a 4.6% increase in revenues for the first quarter of 2024, achieving €14.5 million. This growth includes a 4.0% rise at constant exchange rates across all regions. The company witnessed a notable 8.4% revenue increase in its French market, which represents 24% of its total sales, continuing a four-quarter growth streak.

Internationally, Bilendi achieved a 3.5% revenue boost, accounting for 76% of total sales, with significant contributions from the Netherlands, Spain, and the DACH region. These figures reflect positive results from ongoing innovations, particularly in the deployment of AI technologies.

Bilendi's enhancement of its Artificial Intelligence capabilities, specifically through the introduction of BARI (Bilendi Artificial Research Intelligence), is a core component of its strategy. The company has expanded BARI's applications in 2024 to include automated moderation and quality checks for quantitative research projects. This AI integration aims to streamline complex data analysis and report generation processes, enhancing efficiency and research quality.

CEO Marc Bidou emphasized Bilendi's commitment to integrating advanced technology to improve research solutions, highlighting the strategic use of AI. The company is on track to meet its ambitious growth targets, aiming for €100 million in sales by 2026 with a 20% to 25% EBITDA margin.