First year as a listed company and Doxee confirms double-digit growth in its balance sheet.
Revenues from sales are among the most relevant consolidated results as of December 31, 2019, equal to Euro 15.5 million, increased +12.8% YoY. The product lines that contributed most to the revenue increase were paperless experience, which recorded a revenue increase of +56.0% YoY thanks to the introduction of electronic invoicing to the B2B/B2C market and interactive experience which amounted to Euro 2.7 million, an increase of +298.7% thanks to the creation of new use cases that allowed to extend the business towards new strategic markets such as Public Administration and Insurance sector.
The percentage of foreign revenue also increased, reaching 15%.
“Last year was an important one for Doxee […]. Our efforts to consolidate and structure our marketing and communication processes drove continued growth, offering a constant flow of new opportunities for our sales force, which resulted in significant growth in our customer base. […]. Finally I would like to point out that the growth of the Doxee brand is particularly significant, thanks to the recognition from the most well-known international analyst such as Forrester, Aspire and Gartner. Doxee has been included in the Forrester Tech Tide and the Now Tech analysis, as well as in the Leaderboard by Aspire and in the Gartner Market Guide for CCM. All those recognitions and results encourage us to face the future with the same optimism that has brought us this far”.
Sergio Muratori Casali, CEO of Doxee S.p.A
For 2020 the Company will continue on the growth path that it has undertaken in previous years and also confirms its commitment to invest in Research and Development as it has done for the last 10 years.
For further details, read the press release at Investor Relation.