Banqup Group Sells UK Print Business to Focus on Digital Growth
Banqup Group Focuses on Digital Transformation
Banqup Group SA, previously recognized as Unifiedpost Group SA, solidifies its commitment to digital innovation by successfully selling its UK print operations. This strategic move highlights Banqup's dedication to streamlining its offerings and pivoting towards core digital services.
Rationale Behind the Divestment
The recent divestment of the UK print business aligns with Banqup's overarching strategy to refine its portfolio. By divesting traditional communication services, the company can concentrate on expanding its digital services, which have become increasingly vital in today’s fast-paced business landscape.
The sale seamlessly transitions operations under the leadership of the Managing Director of the UK business, ensuring peace of mind for employees and maintaining the existing customer relationships that have been cultivated over time.
A New Partnership
Alongside the sale, Banqup has initiated a strategic partnership agreement with the newly independent UK print operation. As an authorized reseller of Banqup's products, the former print business will now offer enhanced services that blend traditional print solutions with innovative digital offerings, such as e-invoicing.
This partnership equips them to better meet the evolving needs of UK businesses adapting to digital transformation. It positions the UK print team advantageously within the market, ensuring clients have access to a broad spectrum of services.
Financial Highlights of the UK Print Business
In the previous fiscal year, the UK print business generated impressive revenues of €7.0 million, boasting a gross margin of 39.1%. The operation reported a positive EBITDA of €1.1 million, facilitated by a dedicated workforce of 18 full-time employees. These figures reflect a robust business with substantial contributions to the overall group performance.
Nicolas de Beco, CEO of Banqup Group, expressed satisfaction with this strategic divestment, stating that it marks a significant step towards transforming the company into a specialized Software as a Service (SaaS) provider. He acknowledged the valuable contributions of the UK team and expressed confidence in Mark Hetem's leadership moving forward.
Looking Ahead
Mark Hetem, the Managing Director of the former UK print operations, also highlighted his excitement for leading the business in this new phase. Having intimately worked with both the team and clients, he recognizes the unique value derived from blending traditional services with advanced digital solutions. This combination places the business perfectly to cater to the needs of modern enterprises.
Upcoming Financial Calendar
Banqup Group has outlined several upcoming key financial events, which include:
- Publication of the H1 2025 results on August 26, 2025.
- Update on Q3 2025 findings on November 13, 2025.
- Full Year 2025 results to be published on February 26, 2026.
- The 2025 Annual Report will be available on April 16, 2026.
About Banqup Group
Banqup Group specializes in delivering integrated cloud-based SaaS solutions that streamline business transactions throughout their lifecycle. From e-invoicing and e-payments to tax reporting, Banqup offers innovative solutions that unify various financial processes into one secure platform, simplifying business operations.
The company's offerings also include eFaktura World, designed specifically for government entities to facilitate e-invoicing and enhance tax reporting efficiency. By providing essential resources for businesses and governments alike, Banqup is poised for significant growth in the European market.
Frequently Asked Questions
What does Banqup Group specialize in?
Banqup Group specializes in cloud-based SaaS solutions for business transactions, including e-invoicing and tax reporting.
Why did Banqup Group sell its UK print operations?
The divestment aligns with their strategy to focus on core digital services and streamline operations.
What advantages does the partnership with the UK print business offer?
The partnership allows the UK print business to offer both traditional and digital services, catering to evolving client needs.
When will Banqup Group publish its financial results?
Banqup Group will publish its H1 2025 results on August 26, 2025, followed by other key updates through early 2026.
Who is the CEO of Banqup Group?
Nicolas de Beco is the current CEO of Banqup Group, leading the company's strategic transformations.
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