Lleida.net increases sales by 15% in 2022 and exceed 20 million euros, in its best earnings results to date
08 Marzo 2023 - 8:46AM
The technology services company Lleida.net (BME:LLN) (EPA:ALLLN)
(OTCQX:LLEIF) increased its sales by 15 percent in 2022 compared to
the previous year, and closed the year with 20.67 million euros in
turnover.
This more than €20 million represents a growth in
sales of €2.7 million.
This is the record turnover figure in the company's
history and the result of an increase in the results of all
business lines, with the exception of recruitment, which has been
affected by the economic cycle.
The company, a European leader in the certified
electronic signature, notification, and contracting industry,
recorded a rise in its gross margin also of 15 percent over the
previous year, or €1.42 million over 2021. The figure stood at
€10.78 million as of December 31. The gross margin stood at 59
percent of sales in the last quarter.
International sales now account for 57% of the
group's cumulative overall sales, focusing mainly on Europe and
Latin America.
During the year, the company's EBITDA decreased by
16 percent, or 368,000 euros, due to a significant increase in
personnel and the accelerated recruitment of technical and
commercial talent both outside and inside Spain.
The company's workforce now exceeds 170 people.
"Our medium-term strategic plan involves
incorporating more qualified personnel to strengthen our innovation
and development areas and accelerate the company's international
sales. This strategy will yield results in the future that will
benefit investors, shareholders, and the company's team," added
Sisco Sapena, CEO of the company.
The investment in team growth resulted in an
increase in personnel expenses of €1.95 million to €6.34
million.
"We grew significantly when we bought InDenova, and
now more than ever we are going to bet on more and better
professionals," Sapena added.
During 2022, the company's net financial debt
increased by four percent over the previous year to 8.62 million
euros, part of which corresponds to the loans that were signed for
the acquisition of the InDenova technology company.
During the year, however, both long-term and
short-term debt were reduced, representing a reduction in total
debt of 17 percent, or 1.91 million euros.
Lleida.net has 18 offices worldwide and received
223 patents from authorities in more than 64 countries. These
include the European Union, the United States, China, Russia,
India, Mexico, Japan, Colombia, Argentina, Peru, South Africa,
Nigeria, Australia, and New Zealand.
Two days ago, the company announced the granting of
three new patents for its method for the electronic signing of
contracts in Germany, Austria, and Switzerland.
A recent study by Coller IP, a Mathys Squire
company, valued Lleida.net's SaaS intellectual property portfolio
at no less than 14.1 million euros.
Lleida.net has been listed on the OTCQX index in
New York since 2020, Euronext Growth in Paris since 2018, and BME
Growth in Madrid.
Since the start of the year, the company has traded
more than €11 million in shares, and the company's stock has
already appreciated by 20 percent.
Earnings
Presentation: https://www.bmegrowth.es/docs/documentos/InfPrivilegiada/2023/03/05089_InfPriv_20230307.pdf?GguyKw!!
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/808c4681-3193-483d-93b1-86077843e25b
Pedrosa IR
ir@pedrosa.uk
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