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PRESS RELEASE - Regulated information ☐ unifiedpost Unifiedpost reports strong progress with its European expansion La Hulpe , Belgium - September 17 , 2021 , 7 a.m. CET , Unifiedpost Group ( Euronext : UPG ) ( Unifiedpost , the Group or the Company ) is pleased to announce its second - quarter and half - year results for the period to June 30 , 2021 . Highlights • Group revenue more than doubled to € 80.7 million driven by acquisitions in the period • Organic digital processing revenue growth of 13 % y - o - y in Q2 2021 , up from 10 % y - o - y in Q1 2021 • Post - IPO acquisition strategy completed and integration of six acquisitions during period is at advanced stages • • Gross margin of digital processing business increased by 0.8 % pts y - o - y while adjusted Group EBITDA¹ improved to achieve break - even Cash and equivalents of € 25.1 million with a further € 28.7 million available in undrawn - financing sufficient to fund future development • Company guidance for FY 2021 and years to come confirmed Commenting on the results , Hans Leybaert , CEO and Founder stated : " As we celebrate our first anniversary as a public company , I am proud of what our teams have achieved across Europe . With six acquisitions completed since the IPO , we have welcomed new colleagues , added new geographies , capabilities and customers large and small . This will enable us to enhance our offering and rapidly scale our network . I am confident that we now have in place the platform that will lead the digital transformation of document , identity , payments and related financial services for European SMEs . Our focus is now to raise organic growth . This will be done by further integration of the acquired companies generating additional sales , creating new ecosystems and speeding the network effects of the platform . Our communication and payments network is being rolled out across 30 countries and we are welcoming more new customers than ever before while growing the volume of services we offer to individual customers faster than ever before . " Key Q2 figures ( EUR million ) Q2 2021 Digital processing revenue - organic 18.7 Q2 2020 16.6 Change ( % ) + 13 % Digital processing revenue - acquired business 7.4 Postage & parcel optimisation revenue 14.7 Group revenue 40.8 16.6 + 146 % Key H1 figures ( EUR million ) H1 2021 H1 2020 Change ( % ) Group revenue 80.7 33.5 + 141 % Digital processing revenue 50.4 33.5 + 50 % Postage & parcel optimisation revenue 30.3 Recurring digital revenue ( in % of digital revenue ) 94.5 % 91.5 % + 3.0 % pts Gross margin digital processing 42.8 % 42.0 % + 0.8 % pts Adjusted EBITDA margin 0.0 % -3.1 % + 3.1 % pts R & D costs ( expensed and capitalised ) 15.3 10.5 + 46 % Loss for the period -11.1 -16.9 + 35 % Cash and cash equivalents ( as of 30 June ) 25.1 8.6 1 Adjusted EBITDA for a period , as EBITDA plus share - based payment expense , non - recurring operational expenses , acquisitions expenses , costs in relation with the Company's listing , less other income and expenses . Unifiedpost Group SA - https://www.unifiedpost.com/en/investor-relations 1