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Press releases

22 July 2019

Lleida.net registers a gross margin of 1.68 million euros during the last three months and accumulates 12 quarters with positive EBIDTA

Madrid, 22 July.- The listed company in the Spanish MAB Lleida.net ((BME:LLN; EURONEXT:ALLLN) recorded during the third second quarter of 2019, a gross margin of 1,68 million euros, 15% more than in the same period of the previous year.

The EBIDTA during this quarter was 535,000 euros, and the company has already accumulated 12 quarters with positive EBIDTA.

Throughout this period, sales grew by 3% and amounted to 3.22 million euros, which, together with the 3.13 million that Lleida.net sold during the first quarter, represent a half-yearly turnover of over six million of euros.

These commercial results are a consequence of the significant progress that has been registered in the line of Software as a Service (SaaS) solutions, which reached their historic maximum during this period.

The number of contracting processes continued to increase, and sales have seen an increase of 24%, to 993,000 euros.

Investment in talent has been one of the critical factors in this positive evolution in sales.

ATTRACTING TALENT AND MORE COMMITMENT ON R + D + I

This year, the company has supported increases in personnel in Latin America sales Department (Colombia, Peru and Mexico) and in the European Union, as well as the IT and project management departments, which has had a positive effect

"Our workforce has increased in the last 12 months by 28%, and we are 83 people providing reliable services to clients from three continents," explained Sisco Sapena, CEO and founder of Lleida.net.

Besides the national market, Lleida.net has consolidated sales in the international market, and especially in Colombia and South Africa.

The R + D + i investment increases by 63% compared to 2Q 2018 and continues to be a key factor to for the company.

Throughout 2019, the company intends to activate around one million euros in R & D + I, especially in product development, improvement of functionalities and in the provision of service.

During the rest of the year, Lleida.net will continue its investment in the development of areas of high added value such as identity verification videoconferencing.

The Spanish market is a mature market in providing reliable and trusted services, and demands best products at the best price, and we are committed to meeting the needs of our customers, some of whom have been with us for almost 25 years. "stated Sapena.

REDUCTION OF 25% OF THE NET FINANCIAL DEBT

The net financial debt was reduced by more than half a million euros (25% of the total) and stood at 1.48 million euros. The company has focused on reducing short-term debt.

NFD/EBITDA annualised ratio is 0.8 in the first semester of 2019.

Lleida.net has managed to position itself as one of the main players in the European eSignature market, an industry that is expected to grow over six times in the next five years, until it becomes a market of approximately 9,000 million dollars per year.

DUAL LISTED COMPANY IN MADRID AND PARIS

In 2018, Lleida.net became the first Spanish to quote on a dual basis in the MAB and in Euronext Growth, in Paris.

Likewise, during year, the company became the first and the only Spanish supplier and, the sixth in Europe to obtain the type approval of qualified electronic registered delivery service of the EIDAS regulation.

105 PATENTS ON GLOBAL CERTIFICATION METHODS

The company has 105 patents worldwide on certification methods, a strategy designed to defend its market position in the markets in which it is implemented.

Currently, over 70 countries recognize the legal validity of electronic methods as a way to certify legal notifications in contracting processes, including the United States, the European Union, China, Japan, as well as Colombia, Australia, New Zealand, Israel, South Africa and the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates)

The company's shares capitalize 17.17 million euros in Paris.  At the close of the market, last Friday, the shares in Euronext Growth were sold at 1.07 euros per share, and in the MAB at 0.89 euros per share.