Brief: Unifiedpost Group Q3 Revenues At 17 Million Euros, Up 37% YoY

Banqup SA

30/11/2020 07:07

Nov 30(Reuters) - UNIFIEDPOST GROUP SA  UPG.BR :
    * CONFIRMS ITS DOUBLE DIGIT ORGANIC GROWTH AND INCREASING
RECURRING REVENUE SHARE IN Q3 2020
    * REVENUES GREW BY 37% YEAR-ON-YEAR TO €17M IN Q3 2020
    * AT THE END OF OCTOBER 2020, THE NUMBER OF NEW SMES ON THE
UNIFIEDPOST PLATFORM WAS 28% HIGHER COMPARED TO THE BEGINNING OF
THE YEAR 2020
    * REMAINS CONFIDENT TO DELIVER THE TARGETED +25% ANNUAL
ORGANIC
GROWTH IN 2022, DRIVEN BY THE ROLLOUT OF THE UNIFIEDPOST
PLATFORM IN MORE THAN 20 COUNTRIES BY 2022
    * TARGET OF 60% GROSS MARGIN BY 2023 REMAINS UNCHANGED
    * EXPECTS MINOR IMPACT TO REVENUE DUE TO THE SECOND LOCKDOWN
AND
IS CONFIDENT REVENUE WILL QUICKLY RETURN TO PRE-COVID 19
    * COMPANY WILL CONTINUE TO FOLLOW A DISCIPLINED M&A
APPROACH, AND
EXPECTS TO PURSUE FURTHER ACQUISITIONS IN THE COMING MONTHS   

    
    
 Source text: https://bit.ly/2Vny1NH
    
 Further company coverage:  UPG.BR  
   


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