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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Unifiedpost Group SANV | TG:60Z | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.08 | 3.01 | 3.09 | 0.00 | 10:49:09 |
PRESS RELEASE - Regulated Information
La Hulpe, Belgium—20 May 2024, 7:00 a.m. CET – Regulated Information – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost, Group), a leading provider of integrated business communications, publishes its results for the first quarter of 2024.
Key Highlights
Hans Leybaert, Chief Executive Officer and founder commented: "The company continues to focus on its strategic goals and diligently monitors progress as the digitalisation of e-invoice processes presents growth opportunities within the sector. During the quarter, we received multiple new requests for price quotations. Additionally, we will continue to evaluate divestment opportunities in traditional communication services to enhance our cash and financial position. We remain confident in achieving higher organic growth within our core digital service activities.”
Consolidated revenue
Revenue (EUR million) | Q1 2024 | Q1 2023 (*) | Change (%) |
Digital Services Revenue | 21,8 | 21,0 | 4,1% |
Recurring | 20,8 | 19,7 | 5,7% |
Non-recurring | 1,0 | 1,3 | -22,0% |
Traditional Communication Services | 24,0 | 27,2 | -11,6% |
Recurring | 24,0 | 27,1 | -11,4% |
Non-recurring | 0,0 | 0,1 | -65,6% |
Total Revenue | 45,8 | 48,2 | -4,8% |
(*) Q1 2023 figures have been restated to reflect the split between Digital services and Traditional communication services.
Digital services revenue
Revenue (EUR million) | Q1 2024 | Q1 2023 (*) | Change (%) |
Digital Services Revenue | 21,8 | 21,0 | 4,1% |
Subscription revenue | 7,9 | 7,3 | 8,9% |
Transaction revenue | 12,2 | 12,2 | 0,5% |
Other | 1,7 | 1,5 | 8,8% |
(*) Q1 2023 figures have been restated to reflect the split between Digital services and Traditional communication services.
Revenue growth Q1 2024 vs Q1 2023 | Organic growth (*) | FX impact | Total Growth |
Recurring Digital Services Revenue | 6,0% | -0,3% | 5,7% |
Recurring Traditional Communication Services | -11,3% | -0,3% | -11,6% |
(*) Organic growth excludes any effect of foreign exchange rates on currencies.
Growing our network
Business KPIs (*) | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
Subscription paying customers | 484,7 | 470,0 | 456,5 | 442,7 | 425,4 |
Customers paid by 3rd parties | 760,2 | 714,0 | 706,9 | 681,2 | 660,0 |
Other paying customers | 51,6 | 50,1 | 49,1 | 48,3 | 48,3 |
Customers | 1.296,5 | 1.234,1 | 1.212,5 | 1.172,2 | 1.133,7 |
Banqup customers | 168.047 | 161.936 | 156.450 | 151.931 | 143.902 |
ARPU2 on subscriptions | €5,5 | €6,1 | €6,1 | €6,1 | €5,9 |
(*) in thousands and at the end of the quarter
Changes in reporting structure
At the strategic investor day on 30 April 2024, the company presented its financial figures under the new structure, separating the business between core digital and traditional communication services. Within the digital service business, we identify the following product lines: (i) e-identity, (ii) e-invoicing, (iii) e-payments and (iv) e-reporting. Furthermore, the activities are split by type: (i) subscription revenue, (ii) transaction revenue, (iii) license sales and (iv) project revenue.The traditional communication services are nearly exclusively volume-based and split into (i) hybrid digital activities and (ii) paper business.
Digital service revenue
Traditional communication services
Strengthening financial position
FY 2024 objectives
Calendar
Contact: Alex Nicoll Investor Relations Unifiedpost Group alex.nicoll@unifiedpost.com
About Unifiedpost Group
Unifiedpost is a leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers.
Noteworthy facts and figures:
(*) Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Unifiedpost Group and the markets in which it is active. Such forward-looking statements are based on management's current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Unifiedpost Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.
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