30 April 2024
Lleida.net recovers in the first quarter of 2024 with a 71% increase in EBITDA, up to 666,000 euros
Madrid, 29 April Spanish-listed Lleida.net (BME: LLN) (EPA: ALN) (OTCQX: LLEIF) reported a 71% increase in EBITDA in the first quarter of 2024, compared to the same period last year, to €666,000.
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.