MailUp doubles turnover, outperforms the FTSE AIM Italia index and exceeds analysts’ estimates

EnVent Capital Markets has published the update of its equity research on MailUp.

MailUp continues to outperform the market index, recording a performance of +8% in the last year compared with the -14.8% of the FTSE AIM Italia index.

Following completion of the first series of acquisitions and development of its organic growth, the company has already achieved and exceeded in the first half of 2015 the results forecast by analysts for the year-end, both with regard to turnover (9.8 million euro Group revenues expected by analysts for 2015; 10.7 million euro pro-forma Group revenues at 30/06/2015) and margins (1.4 million euro Group EBITDA expected for 2015; 1.8 million euro pro-forma Group EBITDA at 30/06/2015).

If the company also maintains its pace of growth in the second half, in 2015 it will exceed analysts’ estimates for the years 2015, 2016, 2017 and 2018, with reference to both turnover and margins.

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