Turnover: 93 million EUR (2022)
Country: France
Founded in 2008 by three engineers, Withings is a French company that develops and designs connected objects. It was acquired in 2016 by Nokia for 170 million euros, before being bought again by company founder Eric Carreel.
around 90% of the company's sales are generated abroad, almost half of them in the USA. The company is offering a dozen products on its website in March 2019, mainly connected watches (6 different products), scales (3 models), a sleep sensor, a thermometer and a connected blood pressure monitor.
Withings made its big comeback in 2019 at the Consumer Electronic Show (CES) in Las Vegas, the world's most important annual trade show for technological innovation in consumer electronics.
In 2020, the company raised €53 million to accelerate its penetration of the US market
News
Withings, the French company challenging Apple in connected healthcare 20/04/2023
- Withings has 350 employees and is ranked in the French Tech 120 program for the third year running.
CES 2023: Withings takes health data collection a step further 06/01/2023
- Withings is a true pillar of French Tech at CES in Las Vegas
Financial Data
DUNS: 504787565
Legal Name: WITHINGS
Address: 2 RUE MAURICE HARTMANN , 92130 ISSY-LES-MOULINEAUX
Number of employees: Entre 200 et 249 salariés (2020)
Capital: 20 117 062 EUR
Financial Data:
| Year | 2017 | 2016 | 2015 |
|---|---|---|---|
| Turnover | 48 603 278 | 62 846 966 | 64 705 742 |
| Gross margin (€) | 20 186 983 | 34 627 758 | 34 279 432 |
| EBITDA (€) | -58 094 215 | -22 537 391 | -4 856 145 |
| Operating profit (€) | -63 771 637 | -24 532 603 | -6 865 545 |
| Net profit (€) | -57 072 365 | -22 463 491 | -4 990 318 |
| Turnover growth rate (%) | -22,7 | -2,9 | - |
| Ebitda margin rate (%) | -119,5 | -35,9 | -7,5 |
| Operating margin rate (%) | -131,2 | -39 | -10,6 |
| Working Capital (turnover days) | 47,8 | 78,3 | 64,8 |
| Working Capital requirements (turnover days) | 49,7 | 90,3 | 74,8 |
| Net margin (%) | -117,4 | -35,7 | -7,7 |
| Added value / Turnover (%) | -73,2 | -13,3 | 10,7 |
| Wages and social charges (€) | 21 968 850 | 13 630 851 | 11 093 087 |
| Salaries / Turnover (%) | 45,2 | 21,7 | 17,1 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président | Eric | CARREEL | 64 |
Studies mentioning this company
The e-health market - France
Other companies mentioned:
- Withings
- FitBit
- Doctolib
- InnovHealth
- Umanlife
- Simplify
- Cerner
- Cegedim
- Acetiam
- Parsys
- Qare (HealthHero)
- Omnidoc
- Maincare
- Ortif- Outil Régional de Télémédecine d’Île-de-France
- Alan
- NEHS Digital
- Mediprix
- Docaposte
The connected watch market - France
Other companies mentioned:
- Apple Watch
- FitBit
- Withings
- Swatch Group
- Samsung Galaxy Watch (Groupe Samsung)
- Encaps
- Encaps
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