Lleida.net increases its revenues by 353% and turnover by 2

Madrid, 10 April.- The technological service company Lleida.net recorded in 2018 a turnover of 12.36 million euros, a 25% more than last results.

The Gross Margin of the company reached six million euros over the last year up to 15% more on 2017, while its Operating Result increased by 97% during 2018 against the previous year, up to 529,000 euros.

The EBITDA of Lleida.net rose to 1.88 million euros, representing 32% more than in 2017, and its Operating Result practically doubled last year, reaching 529,000 euros.

Thus, it multiplied its result before taxes by seven (up to 587% more) and reached 412,000 euros at the end of 2018, linking ten positive quarters.

Thus, the result of the last quarter of the financial year reached 272,000 euros, a 353% more.

On 22 January , the company published a preview of the profit and loss statement with the provisional data available, which have now been audited without significant variations and including the 353% increase in earnings after taxes.

The variations provided last January include a slight increase of 3,000 euros in the gross margin, a reduction in personnel expenses, by including part of them in the External Services sections, and the provision of the participation of the company by equity method in India, having an impact on the financial result of 16,000 euros.

Interconnection Wholesale business line reached 6.6 million euros, Software as a Service sales reached three million euros and SMS sales 2.66 million euros.

The increase in wholesale sales is due both to the automation of processes and the increase in international agreements.

Thanks to its continuous investment in R + D + i Lleida.net has to position itself as a reference provider within the certification and electronic contracting markets. 

With large accounts, both domestic and international strengthening its presence in Latin America focusing mainly on Colombia and expanding its activity in Africa and Europe.

REDUCTION OF FINANCIAL DEBT

During 2018, company's net financial debt decreased by 22% standing at 1.9 million on the closing of the tax year.

The reduction of the indebtedness is defined both by the cash generation of the company itself, as well as by the exhaustive control of the expenditures and investments item.

EURONEXT GROWTH LISTING AND EIDAS TYPE APPROVAL

At the end of 2018, Lleida.net became the first Spanish company to quote on a dual basis in the MAB and in Euronext Growth, in Paris. 

Likewise, during year, the company became the first and the only Spanish supplier and the sixth in Europe to obtain the type approval of qualified electronic registered delivery service of the EIDAS regulation.

In addition, the 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 agency.

103 GLOBAL PATENTS

The growth strategy of Lleida.net in the esignature market goes through an aggressive policy of growth in terms of intellectual property. So far, the number of patents granted worldwide on certification methods reaches 103. 

Currently, over 70 countries recognize the legal validity of electronic methods to certify legal notifications in contracting processes.

In 2018, the workforce of Lleida.net increased from 58 to 70 people, representing a 21% increase. The labour policy of the company focused on strengthening the technical and R & D departments, and on the creation of the new department of Intellectual Property (IP).

The current capitalization of the company exceeds 18 million euros. In the foreclosing of the market the share reached 1.12 euros per share in MAB and 1.21 euros per share in the Euronext Growth.