Lleida.net earns over 47% more during H1 2020 and eliminat

Madrid, 21 July.- The Spanish listed company Lleida.net (BME: LLN; EPA: ALLLN) recorded during H12020 a result before taxes of 341,000 euros, or 47 percent more than same period of the previous year.

Moreover, during the second quarter of the year, marked by an acceleration in the adoption of digital processes, the result before taxes amounted to 273,000 euros, or 41 percent more than during the same quarter last year.

According to the results preview submitted by the company to the market today, the company's semi-annual Ebitda exceeded one million euros, representing an increase of 25 percent compared to the same period in 2019.

In addition, the company's EBIDTA grew by 21%, to 636,000 euros.

The company has already accumulated 17 quarters with positive EBIDTA.
In the first half of the year, the operating income grew by 68 percent up to 465,000 euros, while that of the second quarter rose to 35 percent, up to 329,000 euros.

 INCREASE IN SALES OF 29 PERCENT

Driven by the digitization of the economy during the health emergency caused by COVID-19, the company's sales grew over that period to 7.81 million euros, or 29 percent above those of the previous year.

The main increase took place in the  Interconnection Wholesale business line, which rose by 43 percent to 4.25 million euros.

Similarly, the Software as a Service (SaaS) business line grew by 32 percent to 2.34 million euros.

And particularly since March this year, derived from the needs created by teleworking, the type of consumption of Lleida.net services has been modified, with an increase in standard notification and contracting services.

This quarter, the percentage growth of the SaaS business line, which includes registered services has surpassed the percentage growth of the Wholesale SMS business line, whose growth has been reduced as a result of the slowdown in the hospitality industry.

NEW INTERNATIONAL CONTRACTS

During this period, the company has signed significant international contracts with institutions such as South African Post (the South African postal operator), Zampost (the Zambian postal operator) or the financial multinational Management Financial Group, for Eastern Europe.

In Spain, it has closed contracts in the area of electronic notification and contracting with entities such as Ibercaja, Alphabet or ALD Automotive.

"Lleida.net has proved to be a company ready to face the challenges stemming from the low touch economy," explained Sisco Sapena, CEO and founder of the company.
The company's results, as a consequence of its internationalization strategy, innovation and commitment to intellectual property, have consolidated Lleida.net as the company whose share trading has risen the most on the Alternative Stock Market and Euronext Growth, in Paris, where it is listed since 2018.

"Our services have helped hundreds of companies with their electronic contracting and notification needs during the pandemic, which has allowed us to establish ourselves as the first company in our sector at a European level," said Sapena.

During the early confinement phase, the company's technical team developed new products to allow business continuity to many companies and it strengthened its position on the Spanish and pan-European stock markets.

At the close of the market, Lleida.net shares traded at 4,86 euros in Madrid and at 4,90 euros in Paris. In the MAB, the price has grown by 386 percent so far this year, being the company with the best results in the market.

Likewise, the company has increased its workforce during the health emergency, to meet the demand for its services during the COVID-19 pandemic.

FOR THE FIRST TIME, MORE LIQUIDITY THAN FINANCIAL DEBT

For the first time since it was listed on  MAB in 2015, the company's liquidity has exceeded the company's financial debt.

During the first half of the year, the net financial debt continued to decrease, and the company now has an excess of the available  cash compared to the total debt that exceeds 200 thousand euros.

In this period, the company has signed new bank loan contracts amounting to 1.2 million euros, thus enabling a less demanding short-term debt repayment position.