Croatian Q Agency Enjoys 840% Growth in Five Year Period
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Loading... - Elena Galic
- 06 Feb 2023
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The Croatian Q agency can rightfully boast of its success, having enjoyed very impressive growth of 840 percent in just five years. Things aren't going to slow down there, however, with further plans in the works.
As Poslovni Dnevnik/Josipa Ban writes, the Croatian Q agency, one of the largest domestic digital agencies currently present on the market, achieved some extremely impressive business results last year.
Their revenues grew by 44 percent to around 19 million euros (144 million kuna). Such average growth has been achieved by the Zagreb agency for the last five years now, more precisely since 2017, when they were founded, and when they amounted to ''only'' 15 million kuna. As such, the Croatian Q agency grew by 840 percent in just five years.
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Next year, Filip Ljubic, the co-founder and executive director at Q revealed more at the company's first gathering with journalists. He announced that they're expecting revenue growth of 40 percent, but that will all depend on the state of the market, which is currently very turbulent and whose tremors the company is already feeling.
"We feel that it's now much more difficult. Just the other day, completely unexpectedly, a client from London cancelled their cooperation with us. We now have the same situation we had at the time of the outbreak of the coronavirus pandemic, when we had to work a lot more, have a lot more meetings and travel more in order to be able to arrange a job. Now we're in such a situation again, and we had to hire three new people for sales,'' explained Ljubic. Read More…
