Lleida.net increased its sales by 16% in 2024 and recorded profits of €883,000, according to its audited data

Rhea-AI Summary

Lleida.net (LLEIF) reported strong financial performance in 2024 with a 16% increase in sales to €19.05 million, according to audited data. The company achieved a net profit of €883,000, reversing losses of €2.65 million from 2023. EBITDA significantly improved to €3.24 million from €84,000 in 2023.

All business divisions showed double-digit growth:

• ICX Wholesale division: up 24% to €6.92 million
• Registered Electronic Notification: increased 25% to €2.04 million
• SMS solutions: grew 13% to €3.77 million
• Contracting line: rose 13% to €3.47 million

The company reduced net financial debt by 22% to €7.41 million through cost optimization, including 19% lower personnel expenses and 22% reduction in external services. The consolidated gross margin improved by 11% to €10.18 million, though margin on sales slightly decreased to 53.44%.

Madrid, April 28.- Spanish tech company Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) increased its sales by 16% during 2024, reaching €19.05 million, according to audited data released today to the market.

The company closed the previous year with an audited EBITDA of €3.24 million, representing a significant increase over the €84,000 recorded in 2023.

This result confirms the company's recovery after the losses of 2023.

During 2024, the company achieved an audited net profit of €883,000, compared to losses of €2.65 million recorded in 2023.

On February 4, 2025, Lleida.net announced its preliminary results to the stock market. Following the audit, the final figures show minor variations from the initial advance, confirming the success of its recovery plan.

Lleida.net CEO Sisco Sapena highlighted that “The audited results clearly reflect the effort and rigor with which we have implemented our strategy. Not only have we returned to profitability, but we have done so by strengthening all our business lines and significantly improving our balance sheet.”

All of Lleida.net's business lines grew by double digits in fiscal year 2024.

The ICX Wholesale division recorded an increase of 24%, reaching €6.92 million, while the Registered Electronic Notification line grew by 25% to €2.04 million.

Likewise, SMS solutions for end customers rose by 13% to €3.77 million, and the Contracting line grew by another 13% to €3.47 million.

The company's net financial debt fell by 22% to €7.41 million, compared to €9.46 million at the end of 2023. This financial improvement was achieved thanks to strict cost control and measures taken to optimize costs, including a 19% reduction in personnel expenses and a 22% reduction in external services.

Lleida.net also increased its consolidated gross margin by 11% to €10.18 million, although the gross margin on sales fell slightly to 53.44% due to the greater relative weight of SMS lines in total turnover.

Founded in 1995, Lleida.net is one of Europe's leading providers of electronic certification, notification, and  signature technology services. 

The company has more than 300 patents granted in over 60 countries, positioning itself as a benchmark for innovation. It is currently listed on the stock exchanges in Madrid, Paris, New York, Stuttgart, and Frankfurt.

DISCLAIMER

This press release contains statements regarding the future of the Lleida.net 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 circumstances arise.

FAQ

What was Lleida.net (LLEIF) revenue growth and profit in 2024?

Lleida.net achieved 16% revenue growth reaching €19.05 million and recorded a net profit of €883,000 in 2024.

How much did Lleida.net's EBITDA improve in 2024 compared to 2023?

Lleida.net's EBITDA improved significantly to €3.24 million in 2024, compared to €84,000 in 2023.

What cost reduction measures did Lleida.net implement in 2024?

Lleida.net reduced personnel expenses by 19% and external services by 22%, leading to a 22% reduction in net financial debt to €7.41 million.

How did Lleida.net's business divisions perform in 2024?

All divisions grew double-digits: ICX Wholesale up 24%, Electronic Notification up 25%, SMS solutions up 13%, and Contracting line up 13%.

What was Lleida.net's gross margin performance in 2024?

Consolidated gross margin increased 11% to €10.18 million, though margin on sales decreased slightly to 53.44% due to higher SMS line contribution.