Brief: Unifiedpost H1 EBITDA Loss Widens To EUR 6.5 Mln

Banqup SA

16/09/2022 06:05

Sept 16 (Reuters) - UNIFIEDPOST GROUP SA  UPG.BR :
    * UNIFIEDPOST SHOWS DOUBLE-DIGIT GROWTH AND ADDRESSABLE
MARKET
EXPANSION
    * GROUP REVENUE GREW BY 13.6% Y/Y TO EUR 91.7 MILLION IN H1
2022,
WITH RECURRING DIGITAL PROCESSING REVENUE UP 21.7% Y/Y
    * BECOMING CASH FLOW POSITIVE BY H2 2023 IS KEY PRIORITY FOR
COMPANY
    * H1 CASH AND CASH EQUIVALENTS AMOUNT TO EUR 42.7 MILLION
AND AN
ADDITIONAL EUR 39.3 MILLION AVAILABLE IN UNDRAWN FINANCING
    * POSITIVE CASH FLOW EXPECTED FOR H2 2023
    * UNIFIEDPOST EXPECTS TO GENERATE ADDITIONAL REVENUE BY
LICENSE
DEALS FOR B2B E-INVOICING MARKET
    * REPORTED AN EBITDA OF -EUR 6.5 MILLION FOR H1 2022 (H1
2021:
-EUR 1.4 MILLION)
    * LOSS FROM OPERATIONS FOR PERIOD AMOUNTED TO EUR 21.1
MILLION (H1
2021: EUR 11.1 MILLION)
    * PIPELINE FOR LICENSE SALE IS WELL STOCKED AND WILL HAVE A
POSITIVE EFFECT ON GROWTH COMPANY IS AIMING FOR
    * IN FY 2023 GROUP MANAGEMENT EXPECTS TO BENEFIT FROM GROWTH
OF
KEY MARKETS
    * HAS DECIDED TO MAKE TARGET TO BECOME CASH FLOW POSITIVE
ITS
PREDOMINANT PRIORITY

Source text for Eikon:  ID:nGNE91phBr 
Further company coverage:  UPG.BR 

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