(Finance) – Growensa company listed on Euronext Growth Milan and active in the cloud marketing technologies sector, has registered total consolidated revenues for over 71.2 million euros in 2021, an increase of 9% on the previous year. The result is also driven by the growth of more than 10% of both the component SaaSfor an incidence of approximately 37% on the total turnover, both of the line CPaaS, for an incidence of approximately 62% on total revenues. L’Consolidated EBITDA amounts to approximately 5.2 million euros, up by more than 2% compared to 2020, and represents approximately 7.3% of total revenues.
The company explains that profitability discounts the persistence of the pandemic, particularly in terms of a slowed the process of acquiring new customers of medium-large size and a delay or cancellation of investments by customers in specific sectors particularly affected by the crisis, such as Travel, Retail and Hospitality. L’consolidated net profit is equal to 0.4 million euro and down by 34.8%. There Net financial position consolidated at 31 December 2021 shows a negative amount (cash) equal to 6.5 million euros, an improvement compared to the (always negative) balance of 2.5 million at 31 December 2020.
“Strengthened by a good 2021, and despite the increased volatility of the macroeconomic context, we confirm our strategic intentions: to combine organic growth with an external growth component, taking advantage of the growing cash availability”, commented theCEO Nazzareno Gorni. “From the first point of view, investments will predominate on the SaaS component, starting with the American Business Unit BEE – he added – Also in the field BUTin addition to the opportunity we have been working on since last year, the research is aimed at SaaS companies in the MarTech field that can enrich the offer portfolio as well as consolidate the market presence of the current Business Units, with particular attention to multiples and cultural affinity “.
“Despite the efforts made in the constant activity of relations with the community, penalized by the methods of interaction that are still almost exclusively virtual due to the management of the pandemic, we believe that the suffering in prices and volumes manifested is not representative of the potential of the group, “he said Micaela Cristina Capelli, executive director and investor relator of Growens. “In this context, it is our priority to identify the best opportunities in terms of M&A, funding sources, listing market and instruments that increase the visibility and liquidity of the stock – he added – With regard to financial communication, we have introduced and developed some innovations to facilitate easier and immediate reading and in line with international standards. In particular, we have adopted a new representation of the SaaS and CPaaS revenue lines, as well as expanded the communication of the main metrics of the various businesses “.