Bilendi has announced the opening of a third office in the German market, in Munich, an establishment intended to bring its teams closer to clients and partners in the southern part of the country.
This step is part of the group's international growth trajectory, which now has 22 offices worldwide.
An establishment targeting southern Germany and the DACH region
On September 15, 2026, Bilendi announced the opening of a new office in Munich, which adds to its existing establishments in Cologne and Berlin. The group thus has three sites in the German market.
According to the company, this opening responds to growing demand for integrated market research and UX research services across the DACH region (Germany, Austria and Switzerland). The Munich office aims to foster closer collaboration with research institutes, companies, agencies and local academic institutions.
A team of experts on site covers all services, from quantitative and qualitative studies to specialized UX research projects.
Direct access to the group's technology portfolio and panels
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Through this new presence, clients have direct access to Bilendi's entire offering. This includes ISO-certified proprietary online panels distributed across 44 countries and bringing together more than 4 million participants, the Bilendi Discuss qualitative research platform, as well as solutions dedicated to recruitment and conducting UX tests.
Andreas Knappstein, Managing Director Germany/Austria/Switzerland at Bilendi, stated: « In the era of AI, local expertise is more essential than ever. As market research evolves rapidly, we offer the best of both worlds: cutting-edge AI technology combined with proven methodologies and high-quality data. »
Bilendi now has 22 offices worldwide. The company specified that the publication of its results for the first half of 2026 is scheduled for October 7, 2026, after market close.
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 43,2 millions d'euros
Quarterly revenue: 43,2 millions d'euros
Revenue growth: -0,7 %
EBITDA: 7,8 millions d'euros
EBITDA margin: 18,1 %
Net income: -0,9 millions d'euros
47,7 millions d'euros
Guidance from the release
return to modest organic growth in the second half of 2026
Risks mentioned
Challenging market environment with increased client caution and longer decision-making cycles, particularly evident in Q2 2026
Revenue decline on pro forma basis of -5.1% at constant exchange rates, indicating market slowdown beyond integration effects
France market weakness with -10.8% revenue decline, suggesting exposure to regional market contraction
Opportunities identified
International business growing at +1.1% and now representing 85% of Group revenue, with particularly strong performance in UK, Italy, Nordic countries, US and Chile
Strategic transformation toward AI-native insights platform addressing larger market (self-service research platforms at $4.15B with +14.3% annual growth vs historical $2.3B panel market at +1.8%)
Increased cash flow generation with operating cash flow up +9.3% to €5.0 million, supporting continued investment in technology development and panel expansion
Outlook / guidance
Expected revenue: 187,5 millions d'euros
Management commentary: Bilendi confirme par ailleurs les objectifs financiers de son plan stratégique 2026-2030, avec l'ambition d'atteindre à horizon 2030 un chiffre d'affaires compris entre 175 et 200 M€, associé à une marge d'EBITDA ajustée supérieure à 25%, tout en maintenant une forte génération de trésorerie.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
