Qwamplify's 2024 Annual Results and First Quarter 2025 Challenges

Qwamplify has published its 2024 annual results, covering a 15-month period. Revenue reached €42 million with a gross margin of €29 million. Gross operating profit amounted to €3.7 million, representing 13% of the gross margin. Net profit (group share) was €1.2 million.

However, the start of 2025 is showing signs of a slowdown. Revenue for the first quarter was €7.3 million, down 20% year-on-year, and gross margin declined 14.5% to €5.4 million. Shopper and Branding services were particularly hard hit by the slowdown in marketing spending.

Despite these challenges, the group is optimistic about the future thanks to cost savings and continued technology investments.