EBITDA was 25.2 million euros and Net Profit reached 15.4 million euros , 50.7% higher than the previous year.
The technology company ALTIA today presented its 2023 results, reporting revenue of €241 million , a 44.3% increase over 2022. EBITDA exceeded €25 million , representing a 55.4% increase compared to 2022 (€16.2 million), and in relative terms (EBITDA margin), it reached 10.4%, compared to 9.7% in 2022.
Organic growth in all markets, the complete consolidation of the accounts of Wairbut and BILBOMÁTICA - companies incorporated into the Group in 2022 - and the development of strategic areas, such as cybersecurity, data analytics and cloud services have been the main factors responsible for the results, which are presented as the best in its history since ALTIA was established 30 years ago.
Net profit reached €15.4 million , 50.7% higher than in 2022 (€10.2 million), while the net margin was 6.4% compared to 6.1% the previous year. ALTIA has managed to increase its profitability during a period of great global economic uncertainty.
From a balance sheet perspective, the company has grown by 6.6% compared to 2022 (increasing from €143.6 million to €153.2 million). Key balance sheet figures confirm the Group's strong financial health , with significant resources and a 19.7% increase in equity. Regarding net financial debt, the difference between the 2022 and 2023 figures represents debt reduction carried out during the year (-€7.9 million).
It is also worth noting that the turnover obtained corresponds 53.5% to the Spanish market and 46.5% to the international market , a clear indicator of ALTIA's commitment to growth abroad .
“These results highlight the solid growth of our revenue and position us strongly in the IT market, especially in the year we are celebrating our 30th anniversary,” said Constantino Fernández , President of ALTIA. “The synergies resulting from the integration processes of recent years have strengthened our results across the board , with revenue growth and improved profitability, demonstrating the effectiveness of our strategy and the commitment of the entire team to the Group's objectives,” added Ignacio Cabanas , Chief Financial Officer.
Looking ahead, ALTIA aims to continue its growth trajectory and maintain its position as a solid and leading business in the technological innovation sector. “We will continue to move forward with determination and passion on this exciting journey toward the personal and professional development of our team and the growth of our clients , always committed to innovation and sustainability,” Fernández concluded.