Net profit was 7.2 million euros , representing an increase of almost 96% compared to the previous year.
These results are explained by the consolidation of the acquisitions of Waitbut and BILBOMÁTICA and the increase in business in clients and territories where the technology company was already present.
ALTIA closed the first half of 2023 with a turnover of 115.8 million euros , 63.6% more than in the same period of the previous year, and which represents 53.7% compliance with the forecasts for this year.
ALTIA's net profit in the first half of the year was 7.2 million euros , exceeding the previous year's figure by 95.8%, while EBITDA reached 12.4 million euros , representing an increase of 91.3% compared to the first half of 2022.
The increased revenue generated from integrating the full-year results of Wairbut and BILBOMÁTICA, companies acquired by ALTIA in 2022, and the synergies derived from the integration process, which is well advanced, have resulted in an overall improvement in the results of the Group and the companies that comprise it .
“ The positive results obtained in the first half of the year confirm the strong performance of the business and allow us to speak of ALTIA as a consolidated and solvent company . The integration process of Wairbut and BILBOMÁTICA is very advanced in terms of business, systems, finances, and personnel, and this is something that we have also seen reflected in these results ,” said Constantino Fernández, president of ALTIA .
The increase recorded has been widespread across all lines of business, sectors and territories following the full integration of the new companies into the consolidated 2023 figures.
“ These results and the ALTIA Group’s performance throughout 2023 allow us to affirm that, under normal conditions and with the necessary prudence, we are in an excellent position to meet and even exceed our projections for this year, since the €116 million in revenue achieved has allowed us to meet 54% of what was projected for the entire year in the current Business Plan, ” Fernández concluded.