SaaS Annual Recurring Revenues up 10% - CPaaS Sales down 11%

Milan, 10 July, 2023 – Growens S.p.A. – GROW (the “Company” or the “Issuer” or “Growens”), a company admitted to trading on the multilateral trading facility Euronext Growth Milan and operating in the cloud marketing technology field, has announced today certain data from management accounts, related to the business lines SaaS and CPaaS as of June 2023 and Q2 2023 respectively. Unaudited data show the following results: - as per the SaaS (Software as a Service) business line, an ARR of 30.4M EUR as of June 2023, including Contactlab’s recurring revenues, growing 10% vs the same data of 2022; - as per the CPaaS (Communication Platform as a Service) business line, gross sales decreasing by 11% in Q2 2023 at 14.6M EUR, vs 16.4M EUR in Q2 2022.