Lleida.net records sales worth 4.38 million euros in the third quarter of 2024
Rhea-AI Summary
Lleida.net reported Q3 2024 sales of €4.38 million, a 16% increase year-over-year, with cumulative 2024 sales reaching €13.95 million, up 12%. The company achieved a positive EBITDA of €824,000 in Q3 2024, a 646% improvement from Q3 2023's loss. Cumulative EBITDA as of September 2024 reached €2.21 million, 1322% above the same period in 2023. All business lines grew, with certified electronic notification and contracting showing double-digit growth. The company reduced net financial debt by 5% to €8.04 million following its Comprehensive Recovery Plan launched in November 2023.
Positive
- Sales increased 16% YoY to €4.38 million in Q3 2024
- Turned EBITDA positive at €824,000 from previous year's loss
- Cumulative EBITDA improved 1322% to €2.21 million
- All business lines showed growth with double-digit increases in key segments
- Net financial debt reduced by 5% to €8.04 million
Negative
- Maintains significant debt level of €8.04 million
Madrid, October 29th - The technology company Lleida.net recorded sales of 4.38 million euros in the third quarter of 2024, or
The company, one of the leaders in the certified electronic notification, signature and contracting industry, has already recorded cumulative sales of 13.95 million euros over 2024, up 12 per cent on last year.
The company, which is listed in Paris, Madrid, New York and Frankfurt, launched a turnaround plan in December 2023 after three quarters of negative results last year.
Thus, the company signed a positive EBITDA of 824,000 euros in the third quarter, or
As of 30 September 2024, the company's cumulative EBITDA is
Throughout the quarter, all of the company's business lines grew in sales, with the certified electronic notification and contracting lines being particularly important, increasing their results by double digits.
In November 2023, the company presented a Comprehensive Recovery Plan with the objective of returning the company to the path of growth.
The company has reduced its net financial debt by
‘As we committed to when we launched the Recovery Plan, the company is back in profit, at the level of its best years,’ explained Sisco Sapena, CEO and founder of the company.
‘It is no longer just a question of guaranteeing the viability of our operations, but of returning to growth, and returning to the path of profitability, putting our investors at the centre of our efforts’, he added.
Lleida.net, founded in 1995, has been listed on the stock exchange since 2015. It is listed on BME Growth in Madrid, Euronext Growth in Paris and OTC Markets in New York, as well as in Frankfurt.
The company has been awarded more than 300 patents by 60 countries for its innovations in certified electronic notification, contracting and signature, and is considered one of the industry leaders.
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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