Lleida.net Reports Growth and Profit in Recent Fiscal Year
Lleida.net Sales Surge to New Heights in 2024
In recent updates, Lleida.net has announced a remarkable 16% increase in sales for the year, amounting to €19.05 million. This growth signifies a pivotal moment for the company as it navigates its recovery from previous setbacks, and the outcome is based on diligently audited financial results.
Financial Performance and Profitability
For the fiscal year, the tech company reported an impressive audited EBITDA of €3.24 million, showcasing a stark recovery from the modest €84,000 achieved in 2023. This significant rebound in profitability is a testament to Lleida.net’s effective turnaround strategy.
Among its significant achievements, the company recorded a net profit of €883,000 for the year, compared to the substantial loss of €2.65 million in the previous year. This upward trend illustrates the effectiveness of the implemented recovery plan and the growing confidence among stakeholders in the company's operational strategies.
CEO Insights on Company Strategy
Lleida.net's CEO Sisco Sapena emphasized how these audited results are a reflection of the commitment and precise execution of their business strategies. He noted, “We have not merely regained our profitability; we have done so while enhancing all our business lines and improving our financial standing.”
Building on this momentum, every segment of Lleida.net's operations experienced double-digit growth throughout the year. The ICX Wholesale division led the charge with a 24% increase, achieving €6.92 million in sales. Meanwhile, the Registered Electronic Notification service grew by 25%, marking an impressive €2.04 million.
Detailed Performance Across Business Lines
The company further diversified its revenue streams with SMS solutions for end users, rising by 13% to €3.77 million, alongside a similar growth in the Contracting line. These increases position Lleida.net firmly within the competitive landscape of electronic communications and services.
Improvements in Financial Stability
In addition to boosting revenues, Lleida.net has made considerable strides in financial management, reducing its net financial debt by 22%. The current figure stands at €7.41 million, down from €9.46 million at the end of the previous fiscal period. This improvement is largely attributed to rigorous cost-control measures and strategic optimizations, which included a 19% reduction in personnel costs and a 22% cut in external service expenses.
Alongside these metrics, the company reported a gross margin improvement of 11%, bringing it to €10.18 million. However, the gross margin as a percentage of sales saw a slight decline to 53.44%, largely driven by an increased contribution from the SMS segment.
Innovation and Global Presence
Established in 1995, Lleida.net has emerged as one of Europe’s foremost providers in electronic certification and notification services. The company boasts over 300 patents across more than 60 countries, reinforcing its status as an innovator in the technology sector. With its listings across various market exchanges including Madrid, Paris, New York, Stuttgart, and Frankfurt, Lleida.net is well-positioned for future growth and competitive advantage in the global market.
Frequently Asked Questions
What were Lleida.net's sales figures for 2024?
Lleida.net reported sales of €19.05 million in 2024, marking a 16% increase from the previous year.
How did Lleida.net's profits change from 2023 to 2024?
The company achieved a net profit of €883,000 in 2024, a reversal from a loss of €2.65 million in 2023.
What key changes did Lleida.net implement for recovery?
Lleida.net focused on stringent cost control, including personnel and service reductions, to improve overall financial health.
What was the EBITDA for Lleida.net in 2024?
The audited EBITDA for the year was €3.24 million, a significant increase from €84,000 in 2023.
How does Lleida.net rank in the technology sector?
As a leading provider of electronic certification and notification services in Europe, Lleida.net holds more than 300 patents globally, showcasing its innovative capabilities.
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