Lleida.net Achieves Record EBITDA in Third Quarter
MADRID — Technology services company Lleida.net has hit a significant milestone, surpassing €3 million in cumulative EBITDA by the conclusion of the third quarter. This achievement marks the first time in its history that the company has reached this level.
Impressive Year-on-Year Growth
As reported, Lleida.net's EBITDA has reached €3.02 million as of September 30, reflecting a 34% increase compared to the previous year's figure of €2.24 million. This remarkable growth showcases the company’s continuous improvement and resilience in a competitive market.
Steady Growth in EBITDA
Additionally, the EBITDA without activations also demonstrated substantial growth, climbing to €2.25 million, representing a significant 53% increase from last year’s results. These figures underline the effectiveness of Lleida.net's strategies and operations.
Strong Financial Position
The latest figures indicate that the company's cumulative pre-tax profit reached €1.15 million, which is a staggering 182% more than what was reported last year. This stunning performance reflects the company's commitment to enhancing shareholder value.
Positive Market Context
CEO and founder Sisco Sapena expressed his excitement about the company's achievements. "Crossing this important threshold confirms we are on the right path, adding value for our shareholders while innovating for the future," he stated. Furthermore, he emphasized the positive conditions arising from new legislation regarding conciliations prior to legal proceedings, indicating strong growth potential for the near term.
Sales and Customer Growth
In the first nine months of the year, Lleida.net reported sales amounting to €14.52 million, which denotes a 4% increase from the same period a year ago. The company’s gross margin has also risen to €8.13 million, reflecting a 10% year-on-year growth.
Expansion of Business Lines
The company has seen impressive growth in its key business lines, including notification, contracting, and SMS services, each growing at double-digit rates cumulatively. This expansion signifies the rising demand for these digital services.
Reducing Debt and Increasing Customers
Lleida.net has made significant strides in managing its financial responsibilities, reducing net financial debt by 21%, which now sits at £5.88 million. At the same time, the customer base has expanded remarkably, with the number of customers billed in the third quarter increasing from 1,955 to 3,128, marking a 60% growth.
Increased Invoice Issuance
The number of invoices generated has also seen an upturn, rising from 4,686 last year to 6,226 this year, indicating a 33% increase. Such growth in invoicing correlates strongly with the broader customer engagement and retention strategies employed by the company.
A Legacy of Innovation and Patents
Established 30 years ago, Lleida.net has become a leading provider in Europe for certification, notification, and registered electronic signature services. Recently, the company celebrated a decade of being listed, showcasing its long-term commitment to growth in the market.
Patents and Regulatory Milestones
The company is proud to hold over 300 patents across more than 60 countries in the realm of registered electronic notifications, contracting, and signatures. This extensive portfolio solidifies its position as a pioneer in innovation within the sector.
Commitment to Diversity
In a remarkable move for corporate governance, Lleida.net became the first company on BME Growth to achieve full gender parity on its Board of Directors following the recent appointment of four new independent directors. This commitment to diversity enhances the company’s reputational standing and illustrates progressive leadership.
Frequently Asked Questions
What milestones did Lleida.net achieve recently?
Lleida.net surpassed €3 million in cumulative EBITDA for the first time in its history by the end of the third quarter.
How much has the EBITDA increased compared to last year?
It increased by 34%, from €2.24 million last year to €3.02 million this year.
What is the company's current financial strategy?
The company focused on reducing its net financial debt and seeing steady growth in its sales and gross margins.
What areas is Lleida.net expanding?
Lleida.net is expanding its business lines in notification, contracting, and SMS services, each showing double-digit growth.
What is Lleida.net’s corporate governance achievement?
Lleida.net achieved full gender parity on its Board of Directors, setting a precedent in corporate governance on BME Growth.
