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UNIFIEDPOST GRP UNSP/ADR - UPGGY STOCK NEWS

Welcome to our dedicated page for UNIFIEDPOST GRP UNSP/ADR news (Ticker: UPGGY), a resource for investors and traders seeking the latest updates and insights on UNIFIEDPOST GRP UNSP/ADR stock.

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Unifiedpost Group announced that NN Group N.V. has acquired a 5.00% stake in the company, as noted in a transparency notification dated 6 October 2021. This acquisition took place on 4 October 2021 when NN Group N.V. held a total of 1,673,390 shares, representing 5.00% of the voting rights based on the total of 33,449,599 outstanding shares. Unifiedpost operates a cloud-based platform for SME services, processing over 400 million documents in 2020 and serving more than 980,000 SMEs.

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Unifiedpost Group (Euronext: UPG) announced its strong Q2 and H1 2021 results, with revenue more than doubling to €80.7 million, primarily from acquisitions. Organic digital processing revenue grew by 13% year-on-year, and gross margin improved to 42.8%. The company integrated six acquisitions, enhancing its service offering across Europe. Cash reserves stood at €25.1 million, with an additional €28.7 million available in undrawn financing. Management confirmed its FY2021 guidance, expecting at least 15% organic growth in digital processing revenue.

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UNIFIEDPOST GRP UNSP/ADR

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