Lleida.net sales rise up 29% more in H12020

Madrid, 21 October .- The listed technology services company Lleida.net (BME: LLN; EPA: ALLLN) registered sales of 7.8 million euros in the first half of 2020, or 29 percent more than in the same period of the previous year, according to its financial results reviewed by the auditors.

According to the results, which the company has sent to the market today, the company obtained a gross margin of 3.79 million euros and an EBITDA of 1.1 million euros.

This improvement in sales was the consequence of the significant growth registered by the Software as a Service (SaaS) line and the changes in user behaviour that took place as a result of the confinement caused a consequence of the health emergency caused by the COVID-19 pandemic

During the first semester, the operating result increased by 70 percent compared to the first half of 2019, to 471,000 euros, with a pre-tax result of more than 346,000 euros.

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, whose shares on the stock market have risen up to 900 percent this year, has observed in 2020 a modification of its type of client as a result of the current health situation.
In the first half of the year, according to the audited results, the company's financial debt was lower than its liquidity.

The Spanish company, which is listed on BME Growth in Madrid, and Euronext Growth in Paris, already has one of the strongest intellectual property portfolios in the eSignature industry worldwide, with more than 185 patents.

Lleida.net has subsidiaries in 19 countries and has become in recent years one of the main European players in the field of digital signature

Lleida.net's technology is recognized as a valid way to certify notification and contracting processes by the authorities of over 70 countries.

At the close of the market yesterday, Lleida.net shares traded on the Alternative Stock Market at 9.10 euros, and on Euronext Growth at 9.25 euros.

The company will be listed on the OTCQX segment of New York's OTC Markets in the coming weeks.