20 July 2021
Lleida.net's profit before taxes increased by 91 per cent in the first semester of 2021
Madrid, 21 July- Technology services company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) boosted its profit before taxes by 91 per cent in H1 2021, compared to the same period last year. The company recorded a six-month profit before tax of €662,000 in H1 2020, compared with €346,000 in H1 2020, and well above the €232,000, it recorded in H1 2019.
Once a quarter again, Lleida.net's sales and gross margin grew steadily.
SUSTAINED INCREASE IN SALES
Quarterly sales increased to 4.32 million euros, or 14 per cent more than in the Q2 last year, which is the first quarter to report data after the outbreak of COVID-19 crisis.
Half-year sales are already 8.3 million euros, or six per cent higher than in the first half of 2020.
During Q2, the gross margin increased by 17 per cent to 2.23 million euros, whereas it grew by 12 percent to 4.23 million euros on a half-yearly basis.
The company achieved an EBITDA of 582,000 euros and has now recorded 20 quarters of positive EBITDA, thus generating profits for its shareholders.
THREE BUSINESS LINES SHOW PROGRESS
During the second quarter of 2021, Lleida.net's three business lines recorded significant increases in sales. Most notably, the SaaS line witnessed sales of over 1.5 million euros, or 25 per cent more than in Q2 2020.
As of the end of H1 2021, the company's total sales had already increased to 8.3 million euros, or six per cent more than in the first half of last year.
In H1, SaaS was the main business line with the highest growth, up 35 per cent to EUR 3.12 million or 35 per cent from a year ago.
Factors responsible for the exponential increase in sales of the SaaS line are due to a global evolution in the electronic notifications and communications market, the signature of new agreements at an international level, especially the one signed with Bancolombia and The Phone House, and the signature of new regional distribution agreements for Lleida.net services, as the one signed in Egypt with Egate Egypt or with the Pan-African Postal Union for all Africa.