2 August 2017
Lleida.net to improve its sales by 27 % compared to the same period of the previous year and reaches a positive Ebidta
The tech company listed on MAB (LLN) reached 2.45 million between April and June.
The annual gross margin increased by 60% compared to 2016.
Net financial debt was reduced to 2 million euros, a 13% decrease from the end of 2016.
Barcelona, 20 July 2017.- Lleida.net, a leading company in the field of certification and electronic notification, reached sales of 2,4 million euros during the first quarter of this year, an increase of 27% compared to 1,94 million of the same period of 2016. The increase in sales is due to the acquisition of large accounts in all Lleida.net business lines. By business lines, it should be noted that registered electronic sales have increased by 59% compared to the same period in 2016. Regarding data validation, there has been an increase of 13%, while the increase in invoicing in SMS services has been 26%, reaching 1.8 million euros.
The company’s gross margin stands at 50% compared to the sales during the first quarter of 2017 when it was 39% for 2016
Gross margin improvement is due to this change in the sales mix, with an increasingly weight of sales of both registered products and data validation. The Ebitda continues in positive territory, 237,000 euros, which allows LLeida.net to confirm the change of trend in recent quarters and achieve its goal to close year 2017 with profits.
For Sisco Sapena, CEO of Lleida.net, "the results show that we are working in the right direction and this has been reflected in the continuous evolution of the main figures in our profit and loss account.” He adds: Among the most recent projects that have contributed to the company's momentum are the granting of seven new patents in different countries in the Middle East, Asia and Oceania, the granting of a patent for Registered email system for a period of 20 years throughout Europe or the development of RIU system, allowing verification of identity by videoconference "
Finally, it should also be noted that Lleida.net has increased its staff by 38%, from 42 employees at the end of June of the fiscal year prior to 58 of this second quarter, and that net financial debt (DFN) continues to decline at a good pace. By the end of the first quarter of this year it stood at 2 million euros entailing a reduction of up to 13% compared to the closing of 31 December 2016. The 12-month DFN / EBITDA ratio would be 2 times compared to ratio 4 of the previous year.
Currently the company is listed on the Spanish Alternative Stock Market since October 2015 and is a leading company in the field of electronic notification and electronic contracting. The company created in 1995 has two more business lines, namely SMS solutions and Data validation. The telecom operator has signed agreements with more than 1,500 companies in more than 150 countries managed from their 16-international headquarters. Its solutions and services are used in enterprises, public administration, and SME's.
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