Information Technology
Unifiedpost Group's Q1 2024 update
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.
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.”
(*) Q1 2023 figures have been restated to reflect the split between Digital services and Traditional communication services.
(*) Q1 2023 figures have been restated to reflect the split between Digital services and Traditional communication services.
(*) Organic growth excludes any effect of foreign exchange rates on currencies.
(*) in thousands and at the end of the quarter
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.
FY 2024 objectives
Calendar
Contact:
Alex Nicoll
Investor Relations
Unifiedpost Group
alex.nicoll@unifiedpost.com
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:
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