Lleida.net Returns to Double-Digit Growth in 2024
Increase in Turnover by 16%
Madrid, February 4th.- Listed Spanish company Lleida.net increased its sales in 2024 to 2.56 million euros, 16% more than the previous year, according to the information filed before the market today. The company’s turnover was 19.05 million euros in the 12 months, or 2.56 million more than last year. In 2024, the company recorded an EBITDA of 3.26 million in profit, compared to 84,000 euros in 2023. This represents a growth of 3792% year over year. Profit before tax increased by 131%, growing to more than 3.56 million euros in 2024. This year, Lleida.net earned 840,000 euros, recovering from the previous year’s losses of 2.72 million. “The efforts that the company has made in 2024 have paid off and have shown that Lleida.net continues to be a strong company and a technological benchmark at a European level,” explained Sisco Sapena, CEO.
Growth in All Business Lines
The success of the company’s commercial policy restructuring undertaken at the end of 2023 has been reflected across all its lines of business. In 2024, contracting, notification, ICX wholesale, and even SMS line services grew by double digits. The main growth was seen in the Registered Electronic Notification service line, which registered an increase of 25%, or 404,000 euros more than in 2023, reaching 2.04 million. In absolute terms, the ICX Wholesale line saw sales increase by 1.34 million euros, or 24% year over year, to 6.92 million.
Reduced Long-Term Debt by 18%
Last year, the company was forced to implement a Restructuring Plan, which involved a redundancy plan and the closure of several subsidiaries and offices outside Europe, among other shock measures. The effectiveness of the measures implemented is clearly seen in the reduction of the net financial debt by 22%, or some two million euros, to 7.41 million. During the year, the company actively worked to amortize its financial debt, which was reduced by a significant 22%, or 2.3 million euros. The company’s total debt position is 8.44 million euros, 2.4 million euros less than at the end of 2023. Parallel to the debt reduction, the company reduced personnel costs by 19% and external services by 25%, for a total of approximately two million euros in savings.
How Will This Affect Me?
As a consumer or potential investor, the positive financial growth of Lleida.net in 2024 may indicate a stable and strong company, which can lead to better products and services being offered. For investors, this growth could mean potential opportunities for investment and increased returns on investment in the future.
How Will This Affect the World?
Lleida.net’s return to double-digit growth and increased turnover in 2024 is a positive indicator for the business world. It shows that despite challenges and restructuring measures, a company can bounce back and achieve significant financial growth. This can inspire other companies to rethink their strategies and work towards sustainable growth and profitability.
Conclusion
The financial success of Lleida.net in 2024 is a testament to the company’s resilience and ability to adapt to changing market conditions. The double-digit growth and reduction of long-term debt are positive signs for both the company and the business world as a whole. Moving forward, it will be interesting to see how Lleida.net continues to innovate and grow in the coming years.
