Lleida.net increases sales and EBITDA according to audited results for the first half of 2024
25 Outubro 2024 - 3:37AM
UK Regulatory
Lleida.net increases sales and EBITDA according to audited results
for the first half of 2024
Madrid, October 25.- Technology services quoted company
Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) recorded sales of
9.57 million euros in the first half of 2024, according to audited
data presented by the company to the market today.
This figure represents a 10% increase in sales compared to the
same period in 2023, when sales of the ICX Wholesale line accounted
for 38% of the company's revenues.
In the first six months of the year, the listed company recorded
EBIDTA of 1.38 million, with operating income of €389,000 and
pre-tax income of €261,000, or a 130% increase over the same half
of 2023.
EBITDA, 476% higher than in the first half of 2023, signals a
return to profit after the implementation of a strict Recovery Plan
at the end of last year.
The company has put all its efforts in 2024 into maintaining and
improving margins per sale. Of the company's total revenues in the
first half, 38% came from the ICX Wholesale line, while 11%
originated from the registered electronic notification
line.
The company recorded growth in sales of the SMS Solutions line,
aimed at its customers in Spain, which increased sales by 101,000
euros.
In a regulatory document presented to the market today, the
company explains that “our strategy is focused on increasing the
number of standard users, which require fewer technical resources
and offer greater profitability.”
“This approach has had a progressive impact on our sales, by
simplifying processes that are cheaper than custom developments
lead to higher profitability and have a larger potential market,”
it adds.
At the end of last year, the company implemented a Recovery Plan
that included an employment regulation process, which reduced its
average workforce by 26%. Personnel expenses during the year have
been reduced by 16% over the six-month period, while the company
has saved 478,000 euros in external services.
Lleida.net, founded in 1995, has been listed on the stock
exchange since 2015. It has a presence on BME Growth in Madrid,
Euronext Growth in Paris and OTC Markets in New York, as well as in
Frankfurt.
The company presented, last November 2023, a Comprehensive
Recovery Plan with the objective of putting the company back on the
path to growth.
The company has received more than 300 patents from 60 countries
for its innovations in certified electronic notification,
contracting and signature, and is considered one of the leaders in
the industry.
SAFE HARBOR STATEMENT
This press release contains statements regarding the future of the
company and its innovations. Statements regarding the future may be
accompanied by words such as “anticipate”, “believe”, “estimate”,
“wait”, “anticipate”, “pretend”, “power”, “plan”, “potential”, the
use of future time and other terms of similar meaning. No undue
reliance should be placed on these claims. These statements involve
risks and uncertainties that could cause actual results to differ
materially from those reflected in such statements, including
uncertainty of the company's commercial success, ability to protect
our intellectual property rights, and other risks. These statements
are based on current beliefs and forecasts and refer only to the
date of this press release. The company assumes no obligation to
publicly update its forward-looking statements, regardless of
whether new information, future events or any other circumstance
arise.
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