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Press releases

16 July 2018

Lleida.net (BME: LLN) improves its EBIDTA by 1080% in the first half of 2018

Madrid, July 16, 2018.- Lleida.net (BNE: LLN) improved its EBIDTA by 1080% during the first half of 2018: 378,000 euros over the figures recorded in the first half of 2017.

According to the results of the company of the first half of the year, announced today, the EBITDA of Lleida.net in the first half of 2018 was 916,000 euros.

This amount represents an increase of 84% over the first half of 2017, when it amounted to 526,000.

During the first half of the year, the company recorded sales of more than 6.2 million euros, more than one and a half million (or 34%) over the last recorded period.

It is important to note that this growth has been driven by the rise in sales of Software as a Service (SaaS), which increased by 32% compared to the second quarter of 2017.

This increase is partly due to the efforts developed by the IT company to provide service after the entry into force of the new General Data Protection Regulation. This new standard has allowed Lleida.net to set up processes intended for key customers, thus providing new recurring revenues.

Wholesale sales also continued to grow to one and a half million euros, 69% higher than in the first half of 2017.

Thanks to the optimization and cost reduction policy implemented by the company, the result before taxes of Lleida.net was positive and exceeded 275 thousand euros, multiplying by five the result of 2017. The gross margin exceeded three million euros, which implies a rise of 17% (or 431,000 euros) in relation to the first half of 2017.

The company share has been revalued by 65.67% since January 1, 2018, and is quoted at € 1.11, or its maximum contribution point in two years. The current capitalization of the company exceeds 18 million euros.

Lleida.net, which is listed on the Alternative Stock Market (MAB) since 2015, has strengthened its position as the leading registered operator in the Spanish market.

The company has more than 70 electronic certification patents over the world, including the EU, Colombia, China, Australia, New Zealand, Japan, Israel, Taiwan, South Africa and the Gulf Cooperation Council and it is currently engaged in a robust international expansion plan.

MEDIA CONTACT

Ramón Pedrosa (Bracken IR) 

Tel. 0034 672129922 

Email ramonpedrosa@bracken.es 

LINKS

Company website: https://www.lleida.net/en

Lleida.net fact sheet in MAB: 

Safe Harbor Statement

This press release contains statements regarding the future of Lleida.net  and its innovations. These statements regarding to the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "predict", "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.