MailUp Group announced +56% increase in Q4 sales and +48% increase in FY2018
Consolidated unaudited gross sales recorded a +56% organic growth in Q4 2018 (12.6M EUR) vs Q3 2017 (8.1M EUR) and +48% organic growth in FY 2018 (39.7M EUR) vs FY 2017 (26.8M EUR)
MailUp S.p.A. (the “Company” or “MailUp Group”), MailUp S.p.A. (the “Company” or “MailUp“), a company admitted to trading on the multilateral trading facility AIM Italia / Alternative Investment Market and operating in the marketing technology field, has announced today the quarterly results (Q4 2018) related to gross sales at both group and business unit level.
Consolidated unaudited gross sales recorded a +56% organic growth in Q4 2018 (12.6M EUR) vs Q4 2017 (8.1M EUR), exceeding the +55% growth recorded in Q3, thanks to the positive performance of both the Group’s main business units. These results, representing a very relevant quarterly performance for marketing due to numerous festivities and business events such as Black Friday, confirm the Group leadership and the strength of its competitive position in the global markets. The business unit which recorded the largest Q4 sales is Agile Telecom, with 7.9M EUR sales, up 93% over the same period of the previous year. The business unit which recorded the highest growth rate is BEE, with 0.5M EUR sales, up 172% over the same period of the previous year.
With respect of the year-long period 01/01/2018-31/12/2018, sales amount to 39.7M EUR, up ca. 48%
The above-stated sales figures include sales from certain multi-annual contracts, hence they may differ from final turnover figures as will be stated in the stand-alone and consolidates financial statements as of 31 December, 2018, in relation to possible period adjustments that could be made when approving the documents.
Matteo Monfredini, Chairman and founder of MailUp Group, stated “We are very pleased of both the last quarterly results and the cumulative yearly performance, for which we thank our 21.000+ clients and 190+ employees, which confirm our mission to develop a suite of excellent messaging technologies and services that allow companies to effectively and ethically reach their audience.”
Nazzareno Gorni, CEO and founder of MailUp Group, stated “Q4 sales and their respective growth rates confirm the effectiveness of our entrepreneurial actions towards organic growth, particularly thanks to the reorganization process started in the second half of 2017 and the focusing of the two main business units. MailUp is more and more focused on the mid-large enterprise segment; 2018 has seen the launch of the new Professional Services business line and an increase in the average return per client due among other factors to new Messaging Apps and an ongoing price list review. Agile Telecom’s excellent results come from focusing investments on the wholesale market (resellers, sms aggregators, telecom providers), where more substantial competitive advantages are deployed than the retail market (end users). 2018 results do not include the consolidation of Datatrics, innovative Dutch player in the field of artificial intelligence serving marketing teams, the acquisition of which was completed in December.”
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