Lleida.net hits record client numbers in Q1 2024

Madrid,3 May. Spanish listed company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) has achieved a record-breaking number of clients in the first quarter of 2024, reaching a total of 1,925.

This figure marks a 7.30% increase compared to the same period last year, when it boasted 1,794 clients.

According to company reports, the first quarter of 2024 saw a notable upswing in both sales figures and EBITDA.

During this period, the company's EBITDA soared by 71%, reaching €666,000, compared to €389,000 in Q1 2023.

These impressive results are attributed to Lleida.net's significant efforts in downsizing personnel across its Colombian and Peruvian subsidiaries, shuttering various branches, and implementing a revamped financial strategy.

The company also witnessed substantial international expansion in Q1 2024, with clientele spanning 55 countries, up from 49 in the same period last year.

Over half (53%) of the company's revenues during this period stemmed from clients outside Spain.

Sisco Sapena, CEO of Lleida.net, remarked, "The year 2024 has commenced exceptionally well for Lleida.net. We've experienced a notable surge in our client base and invoice volumes, expanding our global presence. These developments signal the onset of our recovery and affirm the fruits of our daily endeavours."

Founded in 1995, the company made its debut on the BME Growth in 2015, listing on the Madrid stock exchange.

Its clientele includes prominent entities such as the Madrid Municipal Transport Company, LaLiga EA Sports, Santander Global Technology & Operations S.L., Colmédica, and Redex SAS, among others.

With a staggering 309 patents across 60+ countries for its pioneering work in registered electronic signature, notification, and contracting, Lleida.net remains committed to a growth strategy anchored on robust intellectual property development and R&D, alongside an intensified push for internationalisation.

Following its initial listing, the company ventured into Euronext Growth Paris in 2018 and the OTC Markets of New York in 2020. Its shares are also traded on the Frankfurt and Stuttgart stock exchanges.