Lleida.net recovers in the first quarter of 2024 with a 71% increase in EBITDA, up to 666,000 euros
Lleida.net, a Spanish-listed company, reported a 71% increase in EBITDA in Q1 2024, reaching €666,000. Sales amounted to EUR 4.71 million, with positive operating and yearly results. The company's recovery is attributed to strategic corrective measures implemented, resulting in increased client numbers and growth potential.
- Significant 71% increase in EBITDA in the first quarter of 2024
- Sales reached EUR 4.71 million, slightly higher than Q1 2023
- Positive operating result of EUR 147,000 and yearly result of EUR 111,000
- Record number of clients registered in 2024 compared to the same period in 2023
- Strategic measures led to growth, including workforce reduction and cost management
- Focus on new SaaS services alongside existing electronic services portfolio
- Accumulation of 309 patents across more than 60 countries for intellectual property development
- Internationalization policies and dual listings on various stock exchanges for market expansion
- Previous quarters of losses before the recovery in Q1 2024
- Risk and uncertainties exist in commercial success and intellectual property protection
- No guarantee of future success despite positive Q1 2024 results
Madrid, April 29th. Spanish-listed Lleida.net (BME: LLN) (EPA: ALN) (OTCQX: LLEIF) reported a
The company's sales in the quarter amounted to EUR 4.71 million, slightly above those of Q1 2023.
The operating result for the period was EUR 147,000, and the result for the year was EUR 111,000, which represents the company's return to growth territory after several quarters of losses.
These results are the consequence of the significant effort made by Lleida.net after announcing, last November 3rd, an essential package of corrective measures. Among them are the reduction of its workforce in Spain and its subsidiaries in Colombia and Peru, a new financial policy, and a generalized cost reduction.
Since the beginning of the year, the company has registered a record number of clients: 1,925, compared to the 1,794 it registered in the first four months of 2023.
Sisco Sapena, CEO of the technological company, highlighted that “This first quarter of 2024 has marked a turning point for Lleida.net, in which we are not only experiencing a recovery compared to the previous year, but we are moving forward with strength and keeping being leaders in the sector.”
Lleida.net, founded in 1995, was listed on the current BME Growth for the first time in 2015. The company has started betting on its new SaaS services alongside its already robust portfolio of services related to certified electronic notification, signature, and contracting.
It accumulates a total of 309 patents in more than 60 countries.
Its approach to growth is based on a solid development policy in intellectual property and R&D and a reinforcement of its internationalization policy.
It subsequently executed a dual listing on Euronext Growth Paris in 2018 and OTC Markets in New York in 2020. Its securities are also traded on the Frankfurt and Stuttgart stock exchanges.
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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