Growens announces sale of Email Service Provider business to TeamSystem Group for a total consideration of 70 million Euro Focus on acceleration of future growth and development of BEE

Growens S.p.A. announced that on 2 February 2023 the Board of Directors approved the signing of a binding agreement (the “Agreement”) for the sale of the MailUp business unit and the share capital of Contactlab S.p.A., Acumbamail S.L., MailUp Nordics A/S and its subsidiary Globase International A.p.S. (collectively the “Email Service Provider”) to TeamSystem S.p.A. (“TeamSystem” or the ”Purchaser”) for a total consideration of 70 million Euro on a cash/debt free base (the ”Transaction”).

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The Board of Directors approved the consolidated half-year report as of 30 June 2022

Growens S.p.A. has announced today that the Board of Directors passed a resolution to approve the consolidated report for the six-month period ended on 30 June 2022, prepared in compliance to international accounting standards (IAS/IFRS).
Consolidated figures show a significant growth, +40% for 1H 2022 sales at 47.2M EUR vs. 33.7M EUR in 1H2021 (or +35% organic at 45.5M EUR), including consolidation of Contactlab from 1 May 2022; and -44% for 1H 2022 EBITDA at 1.4M EUR vs. 2.4M EUR in 1H 2021.

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