Press release
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2 GROWENS PRICE SENSITIVE PRESS RELEASE Consolidated sales up + 12.4 % in Q3 2021 vs Q3 2020 Milan , 11 October , 2021 - Growens S.p.A. - GROW ( the " Company " or the " Issuer " or " Growens " ) , a company admitted to trading on the multilateral trading facility AIM Italia and operating in the cloud marketing technology field , has announced today the quarterly results ( Q3 2021 ) related to cash sales . Consolidated unaudited cash sales , not subject to a Board of Directors resolution , recorded a + 12.4 % growth in Q3 2021 at 17.5 million Euro vs Q2 2020 , showing first signs of recovery from the crisis due to the spread of the Covid - 19 - related sanitary emergency . " Q3 2021 results once again confirm the resilience of our business , going back to double - digit growth , especially driven by our strategic choice to focus on developing the SaaS component . " Matteo Monfredini , Chairman and founder of Growens " We are very satisfied of the preliminary evidence of GROW's Q3 2021 sales performance . In more detail , we appreciate the renewed growth of MailUp , the recovery trend for Datatrics , driven by the actions taken over the past 12 months , as well as the doubling of BEE sales , especially due to the increase of BEE Plugin price list and closing of a few significant annual enterprise contracts in the USA . " Nazzareno Gorni , CEO and founder of Growens Main consolidated cash sales figures for Q3 2021 Consolidates sales grew from 15.6 million Euro to 17.5 million Euro in Q3 2021 , or + 12.4 % vs Q3 2020 : the result is driven by the SaaS line growth ( + 25.5 % vs Q3 2020 ) , with sales representing 40 + % of total quarterly turnover . CPaaS line sales grew over 5 % vs Q3 2020 , with a ca. 60 % incidence on total quarterly turnover . The SaaS business line ( Software - as - a - Service ) includes services supplied to clients via cloud platforms , sold through mostly recurring multi - period contracts / c.d. subscription . In terms of Business Units , it combines revenues from MailUp , BEE , Acumbamail and Datatrics . The CPaaS business line