Wifirst - H1 2023 results

Wifirst publishes its results for the first half of 2023. These are in line with the forecast budget. Growth is on target across all business segments.

The highlight of the first half of 2023 for Wifirst was its inclusion in the Next40 of the French Tech mission. This program rewards companies that contribute to France's influence, create jobs and are committed to a sustainable model. It's a strong signal to all Wifirst employees to continue innovating and excelling in their work to serve customers.

Wifirst's first-half sales are up +13% on the same period last year. This growth is underpinned by the dynamism of Wifirst's historic business: connectivity in accommodation units.

New brands have joined the Wifirst customer portfolio (Cowool, Ovelia, Numa Group, B&B). Contracts expiring in 2023 have opted for service upgrades (Honotel, Barrière, Mi Campus). Average accommodation sales for the 1st quarter were €10.40 per bed per month, excluding VAT. Wifirst is very proud to have kept its average price per bed competitive with the average market price, while maintaining a very high quality of service. Wifirst's service performance is immediately reflected in its customers' booking scores.

The Retail & Office segment is also expanding rapidly. By the end of May 2023, after a year's roll-out, more than 1,500 Groupement des Mousquetaires stores were in service. Wifirst teams have also begun rolling out Bpifrance and BRED bank branches throughout France.

Finally, Wifirst welcomed 40 new employees in the first half of the year, mainly to strengthen its AI, Customer Experience and Engineering teams.