Italy's Growens half-year revenue rises on SaaS and CPaaS strength; EBITDA turns positive
Italy's Growens half-year revenue rises on SaaS and CPaaS strength; EBITDA turns positive
Overview
Italy cloud marketing tech firm's half-year revenue rose 11.5% yr/yr to EUR 40.3 mln
EBITDA for half-year returned to positive EUR 1.2 mln, after prior yr loss
Company ended half-year with EUR 9.2 mln cash, improving liquidity position
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
BUSINESS UNIT EXPANSION - Revenue growth driven by both SaaS and CPaaS business units, with Agile Telecom posting the largest increase
COST DISCIPLINE - Improved profitability attributed to strict cost discipline, with costs down almost 4% yr/yr and reduced R&D and general expenses
BEEFREE TURNOVER - BeeFree unit saw higher turnover driven by increasing volumes, though standalone EBITDA remained negative but improved
Company press release: ID:nBIA5PNBN1
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 40.30 mln |
|
H1 EBITDA |
| EUR 1.20 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Growens SpA is €3.60, about 98.9% above its September 14 closing price of €1.81
Reuters Recommended Reads
Sept 14 - UK's GlobalData half-year revenue rises on acquisitions
Sept 15 - Denmark's Trustpilot H1 revenue rises on enterprise growth, AI demand
Sept 15 - UK's Eagle Eye Solutions FY26 revenue up, aided by higher customer adoption
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)