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Banqup Group delivers 21% organic subscription revenue growth in H1 2025 and continues its transformation journey
Globenewswire· 2025-08-26 05:00
PRESS RELEASE - REGULATED INFORMATION La Hulpe, Belgium – 26 August 2025, 7:00 a.m. CEST – Regulated Information - Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: BANQ) (Banqup, Company), a leading provider of integrated business communications solutions, presents its results for H1 2025. Strategic & Operational Highlights Rebranded as Banqup Group, strengthening our position as a dedicated SaaS providerGearing up for accelerated growth in the Belgian, French, and German marketsSuccessfully com ...
Banqup Group completes divestment of UK print business, reinforcing strategic focus on core digital services
Globenewswire· 2025-08-11 17:00
Core Insights - Banqup Group SA has completed the sale of its UK print operations to the Managing Director of the UK business, aligning with its strategic priority to divest non-core traditional communication services and focus on core digital services [1][2][3] - A strategic partnership agreement has been established, allowing the UK print business to become an authorized reseller of Banqup products, ensuring continuity for employees and customers [2][3] - In 2024, the UK print business generated total revenue of €7.0 million with a gross margin of 39.1% and a positive EBITDA of €1.1 million, employing 18 full-time equivalents [2] Company Strategy - The divestment is part of Banqup's transformation into a pure-play SaaS provider, enhancing its focus on scaling core digital services in key European markets [3] - The new ownership structure is expected to maintain a presence in the UK market while allowing Banqup to concentrate resources on digital service growth [3] Leadership Comments - CEO Nicolas de Beco emphasized the importance of the divestment in progressing towards a SaaS model and thanked the UK team for their contributions [3] - Mark Hetem, the Managing Director of the UK print business, expressed enthusiasm for leading the business and highlighted the value of the partnership with Banqup in meeting the evolving needs of UK businesses [3]
Banqup Group Half Year 2025 Financial Results Webcast Invitation
Globenewswire· 2025-08-05 05:00
La Hulpe, Belgium – 5 Aug 2025, 7:00 a.m. CEST - Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, will publish its H1 2025 financial results at 7:00 a.m. CEST on Tuesday, 26 August 2025. Following the release, Nicolas de Beco (CEO) and Koen De Brabander (CFO) will host a webcast call to present Banqup Group’s financial and operational performance for H1 2025. This will include a Q&A session for investors a ...
Banqup Group announces ticker change from UPG to BANQ effective 19 June 2025
Globenewswire· 2025-06-11 17:00
Group 1 - The company, formerly known as Unifiedpost Group SA, will change its ticker symbol on Euronext Brussels from "UPG" to "BANQ" effective 19 June 2025 [1][2] - The rebranding to Banqup Group SA was approved at the Extraordinary General Meeting on 20 May 2025, aligning the ticker symbol with the company's Banqup platform [2] - The company focuses on core digital services, positioning itself as a pure-play SaaS provider, with a commitment to growth in e-invoicing and payment solutions [2][3] Group 2 - Banqup Group delivers integrated cloud-based SaaS solutions that streamline business transactions, including e-invoicing, e-payments, and tax reporting [3] - The Banqup solution unifies various business processes into one secure platform, simplifying operations for users [3] - The eFaktura World solution is designed for governments to implement e-invoicing and streamline tax reporting flows for both B2G and B2B [3]
Banqup Group completes the divestment of 21grams group
Globenewswire· 2025-06-05 17:00
Core Points - Banqup Group SA has completed the sale of all shares in the 21grams group to PostNord Strålfors AB, marking a significant strategic transformation for the company [1][2][3] - The transaction was finalized with a preliminary cash consideration of SEK 158.7 million, based on an enterprise value of SEK 200 million, with customary post-closing adjustments pending [3][4] - The proceeds from the sale will be utilized to strengthen Banqup's balance sheet and reduce net financial debt [4] Financial Performance - In 2024, 21grams generated total revenue of €79.4 million with a gross margin of 17.4% and a positive EBITDA of €1.9 million [4] - As of December 31, 2024, 21grams employed 76 full-time equivalents across Sweden, Norway, and Denmark [4] Strategic Partnerships - Banqup Group and PostNord Strålfors have signed a strategic partnership agreement to accelerate the rollout of the Banqup platform in the Nordic region [5] - PostNord Strålfors will act as the exclusive distributor of Banqup in Sweden, Norway, Denmark, and Finland for at least five years, utilizing Banqup's e-invoicing infrastructure [5][6] - This partnership aims to create an interconnected solution, enhancing service coverage and efficiency for clients across and beyond the Nordic region [5] Leadership Comments - The CEO of Banqup Group emphasized that the divestment of 21grams aligns with the company's focus on becoming a pure-play SaaS provider and growing core digital services [6] - The CEO of PostNord Strålfors highlighted the acquisition of 21grams as a means to enhance their offerings in the customer communication market [6]
Unifiedpost Group rebrands to Banqup Group, reinforcing its position as a pure-play SaaS provider
Globenewswire· 2025-05-20 20:00
Core Points - The company has rebranded from Unifiedpost Group SA to Banqup Group SA, emphasizing its focus on core digital services and positioning itself as a pure-play SaaS provider [1] - The rebranding aims to provide stakeholders with a clearer understanding of the company's product offerings and value proposition, particularly in e-invoicing and payment solutions [1] - The company held an Extraordinary General Meeting (EGM) and an Annual General Meeting (AGM) where shareholders approved all proposed resolutions, including the strategic rebranding [1][2] Governance and Leadership - The AGM resulted in the approval of an updated remuneration policy and the appointment of four new Board members, enhancing the company's governance structure [2][4] - The new Board members include Nicolas de Beco, Nathalie Van Den Haute, Koen Hoffman, and Leanne Kemp, bringing diverse expertise to the leadership team [4] Financial Calendar - The company has outlined its financial calendar, with key dates for business updates and results publication, including Q1 2025 update on May 22, H1 2025 results on August 26, and Q3 2025 update on November 13 [4]