Lleida.net reduces its net financial debt by 34% in the fi

Madrid, October 24.- The net financial debt of Lleida.net was reduced by 34% in the first nine months of 2019, as a result of the continuous depreciation of short-term loans by the company.

All in all, at the closing of September 30, 2019, the company's debt amounted to 1.23 million euros, or 650,000 euros less than at the beginning of the year. NFD/EBITDA annualized ratio is 0.63 in the first nine months of the year.

In the third quarter of the year, Lleida.net increased its sales of 11% compared to the same period of the previous year.
According to the preview of consolidated results for 3Q2019 the company has already accumulated 13 quarters with positive EBIDTA.

During this time the company invoiced 3.38 million euros and the accumulated sales of the year is already reaching 9.43 million euros, with a gross margin of 4.9 million (12% more than last year at this time). The EBITDA for the quarter reached 631,000 euros, or 52% more than the one recorded in the third quarter of 2018, and the accumulated so far in 2019 is 1.47 million euros.
The gross margin of Lleida.net, who has continued to invest in the last year both in R&D+i and in its internationalization policy, increased by 20% to €1.7 million. This positive result is due to the upward trend in sales registered by the Software as a Service (SaaS) line, which grew by 18% during the period to 854,000 euros.

During this period, the company reached milestones such as the signing of an agreement with the Indian multinational company The Professional Courier to distribute its products in the United Arab Emirates.

An interconnection agreement with China Mobile and China Telecom, with more than one billion customers was also signed.
Lleida.net has over 100 patents granted on electronic certification patents across world, including the EU, Colombia, China, Australia, New Zealand, Japan, Israel, Taiwan, South Africa and the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates).
Since 27 December 2018, Lleida.net became the first company to receive eIDAS approval for its Registered email system, which allows its electronic documentary evidence to be admitted by default to any European court or administration.

This type-approval means that it can be used at European level without any national restriction, and their certifications should be admitted by default by any European court or administration.
In the MAB, the value of the quotation has raised by 5.38% as of last Friday, and records a price of 0.96 euros per share.

At Euronext Growth, in Paris, where it started quoting last December, the share price stands at 0.99 euros.

At yesterday's closing, the stock capitalization was 15.73 million euros.