Lleida.net (BME:LLN) boosts sales by 23% in 3Q 2018

Madrid, 17 October. -  The listed company in the Spanish MAB Lleida.net (BME: LLN) recorded during the third quarter of 2018 sales of more than three million euros, 23% more than in the same period of the previous year 

In the first nine months of 2018, Lleida.net sales exceeded 9.3 million euros, representing 30% more than during the first three quarters of 2017.As of September 30, the accumulated ordinary activities accrued at 474,000 euros.During the last quarter, the company's gross margin increased by 20%, or 238,000 euros over the same period of 2017.

"We have worked with a growing level of activity throughout the year, and we believe that the increase in international leads will allow us to speed up sales during the last quarter of 2018," explained Sisco Sapena, CEO and founder of the company. 

The EBITDA of the company in the third quarter was 520,000 euros. The annual consolidated exceeds 1.4 million euros and represents an increase of 43% over the result of the year 2017.

The company has nine consecutive quarters of positive EBITDA.

Regarding the business lines, wholesale service (wholesale), grows 60% compared to the same quarter previous year, and exceeding five million euros in 2018. Software-as-a-service (SaaS) line records sales of over 2.3 million euros, or 17% more throughout 2018. Over the past 90 days, the shares of Lleida.net peaked on July 27, when they reached 1.22 euros per share. 

At yesterday´s closing, the market value was 1.00 euros per share and the capitalization of the company was 16.05 million euros.

The company's shares have been revalued by 49.25 percent since the beginning of the year. 

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 Board of Directors of the company approved on 17 September to request authorization from its General Shareholders' Meeting to be listed on Euronext Growth, which would make it the only MAB company to have a dual listing in the Spanish and European alternative markets.

The General Assembly meeting will be held on 29 October.