Lleida.net increases sales and EBITDA according to audited results for the first half of 2024
Rhea-AI Summary
Lleida.net reported strong financial performance in H1 2024 with sales reaching 9.57 million euros, marking a 10% increase from 2023. The company achieved EBITDA of 1.38 million euros, showing a remarkable 476% improvement compared to H1 2023. The ICX Wholesale line contributed 38% of total revenues, while registered electronic notification services accounted for 11%. The company's Recovery Plan implementation, including a 26% workforce reduction, has yielded positive results with reduced personnel expenses by 16% and savings of 478,000 euros in external services. The SMS Solutions line in Spain showed growth with increased sales of 101,000 euros.
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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
In the first six months of the year, the listed company recorded EBIDTA of 1.38 million, with operating income of
EBITDA,
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,
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
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.
FAQ
What was Lleida.net (LLEIF) revenue growth in H1 2024?
How much EBITDA did Lleida.net (LLEIF) generate in H1 2024?
What percentage of Lleida.net's H1 2024 revenue came from ICX Wholesale?
What cost savings did Lleida.net achieve through its Recovery Plan in H1 2024?
