Brief: Unifiedpost Group FY Loss Narrows To 25.6 Million Euros
08/03/2022 06:18
March 8 (Reuters) - Unifiedpost Group SA UPG.BR :
* GROUP REVENUE INCREASED IN 2021 BY 147% Y-O-Y TO EUR 170.5
MILLION DRIVEN BY ORGANIC GROWTH AND ACQUISITIONS
* FY 2021 ORGANIC GROWTH IN DIGITAL PROCESSING REVENUE OF
15.6% -
MANAGEMENT GUIDANCE FULLY REACHED. Q4 2021 GROWTH OF 25% Y-O-Y
* COMPANIES ACQUIRED IN 2021 ARE ALMOST FULLY INTEGRATED AND
ACQUISITION STRATEGY PROVED SUCCESSFUL
* END-FY CASH AND EQUIVALENTS OF EUR 17 MILLION, EUR 20
MILLION
(AVAILABLE) IN UNDRAWN FINANCING AND NEW DEBT FINANCING DEAL
SECURE FINANCING OF UNIFIEDPOST'S GROWTH PATH
* FOR FY2023 UNIFIEDPOST ALSO CONFIRMS GUIDANCE PROVIDED: AN
ORGANIC DIGITAL PROCESSING REVENUE GROWTH OF AT LEAST 30% AND ON
DIGITAL PROCESSING REVENUE A GROSS MARGIN OF AT LEAST 60% AND AN
ADJUSTED EBITDA MARGIN OF AT LEAST 25%
* GROUP EXPECTS ORGANIC GROWTH TO EXCEED 25% Y-O-Y IN FY2022
* IN COMING 18 MONTHS IN NO LESS THAN 10 COUNTRIES, ALL KEY
UNIFIEDPOST MARKETS, LAWS FOR MANDATORY B2B/B2G E-INVOICING WILL
COME INTO EFFECT
* FY LOSS FOR THE PERIOD EUR 25.6 MILLION VERSUS LOSS EUR
33.8
MILLION YEAR AGO
* UNIFIEDPOST HAS NO DIRECT EXPOSURE IN RUSSIA OR UKRAINE
* ASSUMING TODAY, THAT SITUATION DOES NOT ESCALATE FURTHER,
UNIFIEDPOST IS HOLDING ON TO ITS GUIDANCE
Source text for Eikon: urn:newsml:reuters.com:*:nBw4phfNJa
Further company coverage: UPG.BR
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 772 09 20;))