Italy's Growens Q1 core profit soars on margin gains

Growens SpA

07/05/2026 16:55

Overview

Italy cloud marketing tech firm's unaudited Q1 revenue grew 16% yr/yr to EUR 20.9 mln

EBITDA for Q1 surged 341% yr/yr, mainly due to improved margins and cost control

Gross profit for Q1 rose 13% yr/yr to EUR 5.4 mln

Outlook

Company did not provide specific financial guidance for future periods in the press release

Result Drivers

SAAS AND CPAAS GROWTH - Revenue growth was mainly driven by over 20% growth in SaaS and a 2% increase in CPaaS, with SaaS accounting for 81% of total revenues

AGILE TELECOM PERFORMANCE - Agile Telecom posted the biggest sales at EUR 17.2 mln, up 21.4% yr/yr, with margin almost doubling versus Q1 2025

COST CONTROL AND MARGIN IMPROVEMENT - EBITDA growth was mainly due to improved margins and cost control across business units

Company press release: ID:nBIAbHQ9P3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EBITDA
EUR 1.1 mln
Q1 Gross Profit
EUR 5.4 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 65.9% above its May 6 closing price of €2.17

The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 92 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)