Analyst Coverage

(Business) lights and (covid) shadows (Flash Note)

4Q20 gross sales: +2.4% YoY (Company Update)

FY-20 preliminary sales broadly in line with expectations (Company Flash)

MarTech sector consolidation goes on apace (Sector News)

3Q20: revenues and EBITDA up 13% despite Datatrics’ slowdown (3Q Update)

Estimates and PT upgraded: time to Buy (Company Flash)

Back on track thanks to solid 3Q (Flash Note)

Back on track thanks to solid 3Q (Flash Note)

2Q20 EBITDA flat (1H Update)

Resilient results, business acceleration expected in H2 (1H Update)

Strong resiliency in Covid times (1H Update)

Still growing despite pandemic (Flash Note)

2Q20 gross sales +4% YoY +1% QoQ (Q2-20 Sales Release)

Resilience of mature business, delay in new business growth (Company Update)

Good Q1 numbers, not representative of full year results (Q1-20 Results Release)

A proof of robustness and resiliency (Flash Note)

1Q20 Gross Sales up +19.5% YoY (Flash Note)

Rather resilient, currently fairly priced (FY-19 Results Release)

COVID-19: not immune but ready to face the change (Company Update)

Resiliency is the priority (Update Report post FY2019 results)

Bet on BEE and Datatrics (Company Update)

Ready to play the big game (Update Report focused on BEE and Datatrics)

An innovative, fast-growing and global MarTech scale-up (Initiation of coverage)

3Q19: everything grows (Company Update)

Never stop growing (Flash Note)

Fast up and forward

At full steam (Update Report)

Always delivering good results (Update Report)

Agile Telecom hurt by one-off (Company Update)

2Q19 gross sales: +15% QoQ (Company Report)

Another all-time high quarter (Flash Note)

From a spectacular end to an excellent beginning of the year (Company Report)

And growth goes on and on (Flash Note)

Net profit doubled in 2018 (Company Update)

Higher growth, higher profits (Update Report post FY2018 results)

FY18 strong results, M&A in the pipeline

Raising rev. estimates on higher organic growth.

Pioneering the “digital” West (In-depth Update Report)

Amazing +56% gross sales in 4Q18 (Company Report)

Model update after Datatrics acquisition and 3Q18 preliminary sales

Digital communication 4.0 (Initiation of Coverage)

Sector M&A adds speculative appeal (Update Report)

Sailing on waves of growth (Update Report)

M&A deal to stay “ahead of the curve” (Flash Note)

A growth story with robust roots (Update Report)

Combining growth and cash generation (Update Report)

MThe future of texting. We initiate with BUY (Initiation of Coverage)

Surfing the marketing technology revolution (Initiation of Coverage)

On the growth path, facing stock market troubles (H1 2016 Update)

Riding the M&A wave doubles revenues (Flash Note)

Speeding up internationalization (H1 2015 Update)

Investment summary (Initiation of Coverage)