Unifiedpost delivers on strategic refocus and improves balance
sheet strength
Press release – Regulated information - Inside
inforrmation
La Hulpe, Belgium – February 27, 2025,
7:00 a.m. CET – [REGULATED INFORMATION] Unifiedpost Group SA
(Euronext: UPG) (Unifiedpost), a leading provider of
integrated business communications solutions, presents its results
for FY 2024. Unifedpost has executed its strategic priorities,
including portfolio rationalisation, while improving its balance
sheet strength and operational efficiencies.
Strategic & Operational Highlights
-
Completed divestments of FitekIN/ONEA and Wholesale Identity Access
Business
-
De-risked balance sheet through partial repayment of Francisco
Partners’ senior facility loan by €95m
- Significantly
reduced net debt position by ~€ 73m at year-end
-
Enhanced governance structure with a strengthened Board and new
CEO
-
Strategic partnerships delivering value creation across key
markets
FY 2024 Financial Highlights – Continuing
operations1
-
Reported first contributions from income from client
money2 amounting to €0,7m
- Steady growth in
Subscription and Transaction3 revenue of 8,2% y/y and
9,3% y/y, respectively
- Digital service
gross margin (incl. net income from client money) increased by
1,7%pts y/y to 59,7%
-
EBITDA (incl. net income from client money) improved to € -9,2m
from € -11,0m in FY 2024
FY 2025 Guidance (based on current reporting
structure)
-
~25% increase in Subscription revenue, with a gradual improvement
expected throughout the year
-
FCF4 positive by year-end
Commenting on the FY 2024 results, Nicolas de
Beco, CEO, remarked: "2024 was marked by strategic refocusing
and important structural changes. We have streamlined our business
with the completed divestments of FitekIN/ONEA and the
Wholesale Identify Access Business, the reduction of
complexity and the de-risking of our balance sheet. While our
financial performance reflects these necessary adjustments, this
marks a key turning point - we have established a solid framework
which allows us to move forward with greater clarity and direction.
There is strong engagement from our customers, teams, and
stakeholders.
Looking to 2025, we have a clear roadmap and
a strong commitment to execution. Our focus will be on selected
geographies where e-invoicing regulations are expected to come into
force within the next 12-18 months, strengthening strategic
partnerships, and embedding payment solutions as a key upselling
driver. At the same time, we remain committed to disciplined cost
and cash management. As a SaaS business, accelerating growth
remains a priority. We have set clear subscription revenue targets
for the next 12 months, and with continued discipline,
collaboration, and focus, we are well-placed to make progress on
our objectives.”
Key financial figures – Continuing
operations1 (unless otherwise stated)
| (EUR thousands) |
FY 2024 |
FY 2023 |
Change (%) |
|
Group revenue and income from client money |
84.273 |
94.169 |
-10,5% |
|
Digital service revenue |
47.132 |
50.336 |
-6,4% |
|
Subscription |
14.435 |
13.343 |
+8,2% |
|
Transaction |
20.192 |
18.472 |
+9,3% |
- of which includes
income from client money2
|
723 |
- |
N/A |
|
Other |
12.505 |
18.521 |
-32,5% |
|
Traditional communication service revenue |
37.141 |
43.833 |
-15,3% |
| Gross profit digital services (incl.
net income from client money) |
28.119 |
29.207 |
-3,7% |
| Gross margin digital services |
59,7% |
58,0% |
+1,7%pts |
| EBITDA (incl. net income from client
money) |
(9.204) |
(11.032) |
16,6% |
| Profit/(loss) for the period
(continuing and discontinuing operations)5 |
71.195 |
(83.146) |
N/A |
| Cash and cash equivalents at the end of
the period6 |
14.525 |
22.534 |
-35,5% |
Portfolio rationalisation and value
crystallisation
Throughout 2024, Unifiedpost executed several
strategic divestments of non-core assets that substantially
strengthened its financial position while maintaining valuable
commercial partnerships.
In July, Unifiedpost completed the divestment of
FitekIN/ONEA for €7,2m and announced the sale of 21 Grams to
PostNord Strålfors, which remains subject to regulatory approval
from the Swedish Competition Authority.
In December, Unifiedpost completed the sale of
its Wholesale Identity Access Business to Your.World B.V. for an
aggregate equity purchase price projected between € 108,4m and €
116,1m, subject to the realisation of the earn-out condition.
Unifiedpost has utilised part of the proceeds from the sale of the
Wholesale Identity Access business to reduce its debt obligations
to Francisco Partners Credit. Upon completion of the transaction,
Unifiedpost repaid a principal amount of €75 million, along with
accrued and due interest, bringing the total repayment to €94,8
million. The remaining balance is expected to be paid back within
2025.
Looking ahead, Unifiedpost will continue to
evaluate opportunities for divesting non-digital services as part
of its strategic focus on core digital offerings and platform
development.
Digital services business
Both subscription and transaction revenue
reported steady growth of 8,2% and 9,3% y/y, respectively.
Meanwhile, other revenue decreased from € 18,5m to € 12,5m,
reflecting a higher base effect from one-off deals in Q4 2023, and
the ending of low margin professional service contracts.
The gross margin percentage increased by 1,7%
pts y/y to 59,7%, driven by two key factors: (i) improvement in
cost efficiencies, and (ii) income from client money.
The income from client money, results from
leveraging our network and upselling embedded payment services.
Income from client money amounted to € 0,7m in 2024, with momentum
building in the fourth quarter.
Moving forward, Unifiedpost will focus on
accelerating subscription revenue growth as a key performance
indicator. This growth will primarily be driven by opportunities in
core European geographies where regulatory requirements for
e-invoicing and digital business communications are expected to
come into force within the next 12-18 months. Unifiedpost is
positioned to capitalise on these regulatory catalysts,
particularly in Benelux, France and Germany, where mandatory
e-invoicing requirements will create market opportunities.
Furthermore, the European Commission's VAT in
the Digital Age (ViDA) initiative represents a shift in digital
reporting and e-invoicing requirements across the EU, creating
additional momentum for digital adoption. This regulatory framework
will require businesses to implement digital solutions for
real-time transaction reporting and e-invoicing, aligning with
Unifiedpost's platform capabilities and market positioning.
Traditional communication services
business
Traditional communication services revenue
decreased as expected (€ 37,1m in FY 2024 compared to € 43,8m in FY
2023), driven by a continued shift towards digital solutions and a
decrease in managed service volumes. This led to a corresponding
reduction in gross profit of € 2,9m. Additionally, the gross margin
percentage decreased by 3,0%pts to 23,9%.
Execution of cost-saving plan
2023-2024
Unifiedpost launched a cost-saving plan in 2023,
resulting in an overall cost decrease of € 5,9m y/y and a decrease
in cash outflows of € 6,9m y/y.
-
R&D expenses decreased from € 18,4m y/y to € 17,0m. The cash
component within these costs decreased by € 3,2m, while non-cash
expenses (amortisation) rose by € 1,8m.
-
G&A expenses decreased from € 34,0m y/y to € 30,9m. Expenses
for 2024 included € 0,7m in non-recurring costs directly associated
with legal and consultancy costs.
-
S&M expenses decreased from € 21,1m y/y to € 19,6m.
Significantly reduced net debt position
by ~€73m at year end
As at December 31, 2024, the net debt position
amounts to € 29,5m, a decrease of € 72,9m compared to December 31,
2023.
At the end of 2024, Unifiedpost reported a financial position with
cash and cash equivalents totalling € 14,5m, including € 1,2m of
restricted cash.
Management remains committed to achieving a
positive free cash flow7 position by the end of
2025.
Statement from the external
auditor
We are currently finalising the financial
statements for the year ended 31 December 2024. Our independent
auditor has confirmed that its audit procedures in relation to the
financial information for the year ended 31 December 2024 as
included in this press release are substantially completed and have
not revealed any material corrections required to be made to the
financial information included in this press release. Should any
material changes arise during the audit’s finalisation, an
additional press release will be issued.
Investors
& Media webcast
Management will host a
live video webcast for analysts, investors and media today at 11:00
a.m. CET.
To register and attend the webcast,
please click here:
https://unifiedpost-group-full-year-2024-financial-results.open-exchange.net/registration
A full replay will be
available after the webcast at:
https://investors.unifiedpostgroup.com/
Financial Calendar:
-
17 April 2025: Publication of the Annual Report for 2024
-
20 May 2025: General Shareholder Meeting
-
23 May 2025: Publication of the Q1 2025 business update
-
26 August 2025: Publication of the H1 2025 results (webcast)
Contact
Alex Nicoll
Investor Relations
Unifiedpost Group
alex.nicoll@unifiedpost.com
Consolidated statement of profit or loss and other
comprehensive income (unaudited)
|
Thousands of Euro, except per share data |
|
For the period ended 31 December |
|
|
|
2024 |
2023 (*) |
|
|
|
|
|
|
Digital services revenues |
|
46.409 |
50.336 |
|
Digital services cost of services |
|
(18.874) |
(21,129) |
|
Digital services gross profit |
|
27,535 |
29.207 |
|
|
|
|
|
|
Traditional communication services revenues |
|
37.141 |
43.833 |
|
Traditional communication services cost of services |
|
(28.282) |
(32,075) |
|
Traditional communication services gross
profit |
|
8.859 |
11.758 |
|
|
|
|
|
|
Research and development expenses |
|
(17.022) |
(18.414) |
|
General and administrative expenses |
|
(30.924) |
(33.961) |
|
Selling and marketing expenses |
|
(19.592) |
(21.074) |
|
Other income / (expenses) – net |
|
(1.160) |
(72) |
|
Net impairment losses |
|
- |
(39.000) |
|
Loss from operations |
|
(32.305) |
(71.556) |
|
|
|
|
|
|
Net financial income from client money |
|
584 |
- |
|
Financial income |
|
268 |
62 |
|
Financial expenses |
|
(22.998) |
(15.441) |
|
Share of profit / (loss) of associates and joint ventures |
|
146 |
(573) |
|
Gain upon losing control over a subsidiary |
|
3,972 |
- |
|
Loss before tax |
|
(50.333) |
(87.508) |
|
|
|
|
|
|
Corporate income tax |
|
(846) |
(745) |
|
Deferred tax |
|
152 |
243 |
|
LOSS FOR THE PERIOD FROM CONTINUING
OPERATIONS |
|
(51.027) |
(88.011) |
|
|
|
|
|
|
Net profit from discontinued operations |
|
122.222 |
4.865 |
|
PROFIT / (LOSS) FOR THE PERIOD |
|
71.195 |
(83.146) |
|
Other comprehensive income / (loss): |
|
(656) |
(15) |
|
Items that will not be reclassified to profit or loss, net of
tax: |
|
|
|
|
Remeasurements of defined benefit pension obligations |
|
(37) |
123 |
|
Items that will or may be reclassified to profit or loss, net
of tax: |
|
|
|
|
Exchange gains arising on translation of foreign operations |
|
104 |
36 |
|
Exchange losses arising on translation of foreign operations
related to discontinued operations |
|
(723) |
(174) |
|
TOTAL COMPREHENSIVE PROFIT / (LOSS) FOR THE
PERIOD |
|
70.539 |
(83.161) |
|
Total loss for the period is attributable to: |
|
|
|
|
Owners of the parent |
|
71,031 |
(83,899) |
|
Continuing operations |
|
(51,191) |
(88,764) |
|
Discontinued operations |
|
122,222 |
4,865 |
|
Non-controlling interests |
|
164 |
753 |
|
Total comprehensive loss for the period is attributable
to: |
|
|
|
|
Owners of the parent |
|
70,375 |
(83,914) |
|
Continuing operations |
|
(51,124) |
(88,604) |
|
Discontinued operations |
|
121,499 |
4,690 |
|
Non-controlling interests |
|
164 |
753 |
|
Profit/(loss) per share attributable to the equity holders
of the parent: |
|
|
|
|
Basic |
|
1,94 |
(2,32) |
|
Diluted |
|
1,94 |
(2,32) |
|
Loss from continuing operations per share attributable to
the equity holders of the parent: |
|
|
|
|
Basic |
|
(1,41) |
(2,46) |
|
Diluted |
|
(1,41) |
(2,46) |
(*) The comparative figures for period ended 31
December 2023 have been restated to reflect the restatement of the
profit and loss related to the discontinued operations in
accordance with IFRS 5
Consolidated statement of financial position
(unaudited)
|
Thousands of Euro |
|
As at 31 December |
As at 31 December |
|
|
|
2024 |
2023 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
Goodwill |
|
92.048 |
113.069 |
|
Other intangible assets |
|
66.725 |
82.856 |
|
Property and equipment |
|
1.486 |
7.420 |
|
Right-of-use-assets |
|
9.391 |
9.734 |
|
Investments in associates |
|
2.400 |
1.493 |
|
Deferred tax assets |
|
39 |
776 |
|
Other non-current assets |
|
3.036 |
2.561 |
|
Non-current assets |
|
175.125 |
217.909 |
|
Inventories |
|
544 |
612 |
|
Trade and other receivables |
|
16.494 |
25.318 |
|
Contingent consideration receivable |
|
7.774 |
- |
|
Current tax assets |
|
291 |
770 |
|
Prepaid expenses |
|
1.483 |
1.901 |
|
Restricted cash related to client money8 |
|
75.798 |
3.789 |
| Cash
and cash equivalents |
|
14.525 |
22.534 |
|
Current assets from continuing operations |
|
116.909 |
54.924 |
|
Assets classified as held for sale |
|
31.250 |
5.145 |
|
Current assets |
|
148.159 |
60.069 |
|
TOTAL ASSETS |
|
323.284 |
277.978 |
|
|
|
|
|
|
SHAREHOLDERS’ EQUITY AND LIABILITIES |
|
|
|
|
Share capital |
|
329.238 |
326.806 |
|
Costs related to equity issuance |
|
(16.029) |
(16.029) |
|
Share premium reserve |
|
492 |
492 |
|
Accumulated deficit |
|
(164.603) |
(232.257) |
|
Reserve for share-based payments |
|
175 |
1.831 |
|
Other reserve |
|
2.697 |
(1.581) |
|
Cumulative translation adjustment reserve |
|
(4.470) |
(3.851) |
|
Equity attributable to equity holders of the
parent |
|
147.500 |
75.411 |
|
Non-controlling interests |
|
758 |
499 |
|
Total shareholders’ equity |
|
148.258 |
75.910 |
|
Non-current loans and borrowings |
|
29.010 |
110.517 |
|
Liabilities associated with puttable non-controlling interests |
|
|
200 |
|
Non-current lease liabilities |
|
6.376 |
6.193 |
|
Non-current contract liabilities |
|
387 |
4.430 |
|
Deferred tax liabilities |
|
1.463 |
4.636 |
|
Non-current liabilities |
|
37.236 |
125.976 |
|
Current loans and borrowings |
|
5.698 |
5.059 |
|
Current liabilities associated with puttable non-controlling
interests |
|
3.980 |
7.560 |
|
Current lease liabilities |
|
3.232 |
3.547 |
|
Trade and other payables |
|
31.127 |
40.194 |
|
Liabilities related to client money8 |
|
75.774 |
3.736 |
|
Contract liabilities |
|
5.330 |
13.487 |
|
Current income tax liabilities |
|
410 |
1.845 |
|
Current liabilities from continuing
operations |
|
125.551 |
75.428 |
|
Liabilities directly associated with assets classified as held for
sale |
|
12.239 |
664 |
|
Current liabilities |
|
137.790 |
76.092 |
|
TOTAL EQUITY AND LIABILITIES |
|
323.284 |
277.978 |
Consolidated statement of changes in equity
(unaudited)
Thousands of Euro
|
|
Share capital |
Costs related to equity issuance |
Share premium reserve |
Accumulated deficit |
Share based payments |
Other reserves |
Cumulative translation adjustment reserve |
Non-controlling interests |
Total equity |
|
Balance at 1 Jan 2024 |
326.806 |
(16.029) |
492 |
(232.257) |
1.831 |
(1.581) |
(3.851) |
499 |
75.910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Result for the period |
|
- |
- |
- |
71.031 |
- |
- |
- |
164 |
71.195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income / (loss) |
|
- |
- |
- |
(37) |
- |
- |
(619) |
- |
(656) |
|
Total comprehensive loss for the period |
|
- |
- |
- |
70.994 |
- |
- |
(619) |
164 |
70.539 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion subscription rights |
|
2.432 |
- |
- |
- |
(1.656) |
1.656 |
- |
- |
2.432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current period profit AND OCI of NCI with put option |
|
- |
- |
- |
- |
- |
171 |
- |
(171) |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in carrying value of liabilities associated with puttable
NCI |
|
- |
- |
- |
- |
- |
280 |
- |
- |
280 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition of 20% of the shares in Unifiedpost d.o.o. |
|
- |
- |
- |
(2.437) |
- |
2.437 |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Release of NCI due to acquisition of 20% of the shares in
Unifiedpost d.o.o. |
|
- |
- |
- |
- |
- |
(266) |
- |
266 |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend payments |
|
- |
- |
- |
(965) |
- |
- |
- |
- |
(965) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
- |
- |
- |
62 |
- |
- |
- |
- |
62 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at 31 Dec 2024 |
329.238 |
(16.029) |
492 |
(164.603) |
175 |
2.697 |
(4.470) |
758 |
148.258 |
Thousands of Euro
|
|
Share capital |
Costs related to equity issuance |
Share premium reserve |
Accumulated deficit |
Share based payments |
Other reserves |
Cumulative translation adjustment reserve |
Non-controlling interests |
Total equity |
|
Balance at 1 Jan 2023 |
326.806 |
(16.029) |
492 |
(148.497) |
1.813 |
(2.864) |
(3.713) |
281 |
158.290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Result for the period |
|
- |
- |
- |
(83.899) |
- |
- |
- |
753 |
(83.146) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income / (loss) |
|
- |
- |
- |
123 |
- |
- |
(138) |
- |
(15) |
|
Total comprehensive loss for the period |
|
- |
- |
- |
(83.776) |
- |
- |
(138) |
753 |
(83.161) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based payments |
|
- |
- |
- |
- |
18 |
- |
- |
- |
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current period profit AND OCI of NCI with put option |
|
- |
- |
- |
- |
- |
535 |
- |
(535) |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in carrying value of liabilities associated with puttable
NCI |
|
- |
- |
- |
- |
- |
750 |
- |
- |
750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other |
|
- |
- |
- |
16 |
- |
(3) |
- |
- |
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at 31 Dec 2023 |
326.806 |
(16.029) |
492 |
(232.257) |
1.831 |
(1.581) |
(3.851) |
499 |
75.910 |
Consolidated statement of cash flows
(unaudited)
|
Thousands of Euro |
For the period ended 31 December |
|
|
|
2024 |
2023 |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
Loss for the period |
|
71.195 |
(83.146) |
|
Adjustments for: |
|
|
|
-
Amortisation and impairment of intangible fixed assets
|
|
20.546 |
21.332 |
-
Impairment losses of goodwill
|
|
- |
38.574 |
-
Depreciation of property. plant & equipment
|
|
1.041 |
1.489 |
-
Depreciation of right-of-use-assets
|
|
4.129 |
4.429 |
-
Impairment of trade receivables
|
|
(389) |
335 |
-
Gain on disposal of fixed assets
|
|
(15) |
(33) |
|
|
|
(334) |
(174) |
|
|
|
23.579 |
15.910 |
-
(Gain) realised upon losing control over subsidiaries
|
|
(124.168) |
- |
-
Loss of remeasurement at fair value less costs to sell for disposal
groups
|
|
6.342 |
- |
-
Share of profit / (loss) of associate
|
|
(146) |
573 |
-
Income tax expense / (income)
|
|
3.894 |
2.319 |
-
Deferred income tax expense
|
|
(841) |
(1.387) |
-
Share-based payment expense / own shares
|
|
- |
18 |
|
Subtotal |
|
4.833 |
238 |
|
|
|
|
|
|
Changes in Working Capital |
|
|
|
-
(Increase) / decrease in trade receivables and contract assets
|
|
(5.318) |
6.145 |
-
(Increase) / decrease in other current and non-current
receivables
|
|
(448) |
(61) |
-
(Increase) / decrease in inventories
|
|
(93) |
209 |
-
Increase / (decrease) in trade and other liabilities
|
|
9.420 |
7.729 |
|
Cash generated from / (used in) operations |
|
8.394 |
14.260 |
|
Income taxes paid |
|
(1.763) |
(3.222) |
|
Net cash provided by / (used in) operating
activities |
|
6.631 |
11.038 |
|
|
|
|
|
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
Payments made for the purchase of associate |
|
(282) |
- |
|
Payments received for divestment of business |
|
114.388 |
- |
|
Payments made for the purchase of intangibles and development
expenses |
|
(16.015) |
(16.372) |
|
Proceeds from the disposal of intangibles and development
expenses |
|
415 |
15 |
|
Payments made for the purchase of property, plant &
equipment |
|
(247) |
(739) |
|
Proceeds from the disposal of property, plant & equipment |
|
442 |
17 |
|
Interest received |
|
- |
175 |
|
Net cash provided by / (used in) investing
activities |
|
98.701 |
(16.904) |
|
|
|
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
Conversion of subscription rights |
|
2.432 |
- |
|
Proceeds from loans and borrowings |
|
2.720 |
3.913 |
|
Repayments of loans and borrowings - Francisco Partners |
|
(75.000) |
- |
|
Repayments of loans and borrowings - other |
|
(6.813) |
(6.367) |
|
Repayment of lease liabilities |
|
(4.485) |
(4.524) |
|
Interest received |
|
334 |
- |
|
Interest paid on loans and borrowings - Francisco Partners |
|
(21.590) |
(3.286) |
|
Interest paid on loans and borrowings - other |
|
(1.898) |
(1.295) |
|
Net cash provided by / (used in) financing
activities |
|
(104.300) |
(11.559) |
|
FX impact cash |
|
(487) |
- |
|
Net increase / (decrease) in cash &
cash equivalents |
|
545 |
(17.425) |
|
Cash classified within current assets held for sale |
|
(5.423) |
(74) |
|
Cash movement due to change in the consolidation range |
|
(3.131) |
- |
|
Net increase/(decrease) in cash & cash
equivalents, including cash classified within current assets held
for sale |
|
(8.009) |
(17.499) |
|
Cash and cash equivalents at the beginning of the period |
|
22.534 |
40.033 |
|
Cash and cash equivalents at the end of the period |
|
14.525 |
22.534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
About Unifiedpost Group
Unifiedpost is a leading SaaS company for SME
business services built on “Documents”, “Identity” and “Payments”.
Unifiedpost operates and develops a 100% SaaS-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. For more information about Unifiedpost
Group and its offerings, please visit our website:
Unifiedpost Group | Global leaders in digital
solutions
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.
1 Excludes discontinued operations: Wholesale
Identity Access Business and 21 Grams
2 Money a company receives from or holds for, or on
behalf of, a client (application IAS 7)
3 Income from client money is a result of e-payment
services and is included in digital services transaction
revenue
4 Free cash flow is defined as net income (i) plus
non-cash items in the income statement, (ii) minus cash out for
IFRS 16 adjustments, (iii) minus capital expenditure, (iv) minus
reimbursement on loans and leasing for the reporting period
5 Including capital gains from divested
transactions
6 Excluding restricted cash related to client
money
7 Free cash flow is defined as net income (i) plus
non-cash items in the income statement, (ii) minus cash out for
IFRS 16 adjustments, (iii) minus capital expenditure, (iv) minus
reimbursement on loans and leasing for the reporting period
8 The comparative figures 2023 have been restated to
demonstrate the accounting policy related to client money.
Unifiedpost Group SANV (EU:UPG)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Unifiedpost Group SANV (EU:UPG)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
