Lleida.net to strengthen operations in Europe and Latin America and review its subsidiary structure

Rhea-AI Summary

Lleida.net announced plans to restructure subsidiaries and focus on growth in Europe and Latin America markets. The company reported significant financial improvements in 2024, with a 16% increase in turnover reaching 19.05 million euros and an EBITDA of 3.26 million euros, compared to 84,000 euros in 2023.

The company achieved a profit of 840,000 euros in 2024, recovering from a 2.72 million loss in the previous year. Profit before tax increased by 131%, growing by 3.56 million euros. The company's debt position improved to 8.44 million euros, representing a 2.4 million reduction from 2023.

CEO Sisco Sapena emphasized focusing on sustainable growth and profitability rather than volume, noting his personal investment of nearly two million euros in company shares. Lleida.net, founded in 1995, holds over 300 patents across 60 countries for electronic notification, contracting, and signature innovations.

Positive

• 16% revenue growth to 19.05 million euros in 2024
• EBITDA increased to 3.26 million euros from 84,000 euros YoY
• Returned to profitability with 840,000 euros net income
• 131% increase in profit before tax
• Debt reduced by 2.4 million euros

Negative

• Planning restructuring of underperforming subsidiaries
• Current debt position remains significant at 8.44 million euros

Madrid, February 5th—Lleida.net CEO Sisco Sapena announced today in a call with investors that the company will study the restructuring of subsidiaries "that do not have a clear future in the medium term."

Sapena stressed that the company "will continue to focus on growth in Europe and Latin America, the markets where we can grow organically and significantly."

Following yesterday's presentation of the 2024 company results, in which Lleida.net increased its turnover by 16% and closed with 3.26 million EBITDA, Sapena held an open meeting today with some thirty of the company's shareholders to explain the last few financial years.

Sapena, who founded the company in 1995, explained that "our objective is to maintain sustainable growth. We do not focus on volume at any price but profitability and generating value for shareholders."

He also explained that he had invested nearly two million euros in recent years to acquire shares in Lleida.net personally.

The company announced sales of 2.56 million euros in 2024, or 16% more than the previous year.

In the 12 months of the previous year, the company had a turnover of 19.05 million euros, or 2.56 million more than last year.

Similarly, in 2024, the company recorded an EBITDA of 3.26 million in profit for the year, compared to the 84,000 euros it saw in 2023.

Profit before tax increased by 131%, with more than 3.56 million euros growth in 2024.This year, Lleida.net earned 840,000 euros, recovering from the previous year's losses of 2.72 million.

The company's current debt position is 8.44 million euros, 2.4 million euros less than at the end of 2023.

Lleida.net, founded in 1995, has received more than 300 patents from 60 countries for its innovations in registered electronic notification, contracting, and signatures and is considered one of the industry leaders.

It is listed on the Madrid, Paris, New York, Stuttgart, and Frankfurt stock exchanges.

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 circumstance arise  .

FAQ

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

Lleida.net achieved 16% revenue growth in 2024, reaching 19.05 million euros, an increase of 2.56 million euros from the previous year.

How much did Lleida.net (LLEIF) reduce its debt in 2024?

Lleida.net reduced its debt by 2.4 million euros in 2024, bringing the total debt position to 8.44 million euros.

What was Lleida.net's (LLEIF) EBITDA in 2024?

Lleida.net reported an EBITDA of 3.26 million euros in 2024, compared to 84,000 euros in 2023.

What is Lleida.net's (LLEIF) restructuring plan for 2024?

Lleida.net announced plans to restructure subsidiaries that don't have clear medium-term future prospects, focusing on growth in Europe and Latin America markets.

How much profit did Lleida.net (LLEIF) make in 2024?

Lleida.net earned 840,000 euros in profit in 2024, recovering from a 2.72 million euro loss in 2023.