Double-digit growth in revenue and margins in the first half of 2020

Doxee’s Board of Directors approved the consolidated half-yearly financial report for June 30, 2020.

The company announces Sales Revenues of Euro 7.7 million, an increase of +9.9% compared to June 30, 2019 and EBITDA of Euro 1.6 million with a significant increase of +25.6% compared to Euro 1.3 million for June 30, 2019).

Sergio Muratori Casali, CEO of Doxee commented: “Even in a global context such as the one that characterized this first half of the year, we continued to operate as a reference player in digitization processes, facilitating their adoption and contributing to the strong increase in the use of digital as a replacement for physical channels in mission-critical processes such as billing, requests, and digital payments. Together with successful up-selling initiatives, we also continued our strategy of acquiring new customers, especially in the Utilities, Insurance, and Public Administration sectors, expanding our coverage in both the Enterprise and SME markets. Doxee has always been able to guarantee our products and services thanks to our business model, which is based entirely on the cloud-based Doxee Platform®, thus ensuring full operational agility and business continuity for our customers. The results we have been able to achieve confirm the strong demand for Digital Transformation, which is fundamental for the recovery and development of business in all sectors. We intend to continue to intercept this demand as the ideal partner for supporting digital transformation, offering skills and technologies that can accelerate innovation in these modernization processes to make them an integral part of the digital customer journey.”

Of note during the year was the recent acquisition of LittleSea; the integration of technology and sales following the acquisition continues in both Italian and foreign markets to extend the offering of Pvideo in SaaS mode for sectors such as Wealth Management, publishing and advertising, as well as to ensure further scalability and coverage on the SME/SMB market, which is consistent with the strategy to extend Pvideo to new vertical sectors.

The Board of Directors also announces that the company is committed to expanding digital communication and the various activities on social channels, with further campaigns to support brand positioning and lead generation, particularly in the Retail, Fashion, Pharma, Healthcare sectors.

The company also continues its activities aimed at releasing the third generation of the Doxee Platform® for the paperless experience product line designed to be API-first, cloud-native and based on containers and microservices architecture. 

The full press release is available on www.doxee.com in the Investor Relations section and on 1info.it

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