Growens – Cash Sales at €33.8mn in 1H21, +3.4% y/y – Flash Note

2Q21 Gross Sales at €16.9mn, up 3.1% y/y on a like-for-like basis, still affected by negative implications linked to Covid-19 related sanitary emergency. Foreign Sales amount to ca. €8.5mn (50% of total), while recurring sales increased double-digit at €5.5mn (+11% y/y, ca. 32% of total), highlighting the resiliency of SaaS subscriptions business model