Altia closes 2023 with a turnover of 241 million, 44% more than in 2022

Imagen generica

The Group has, with these results, beaten every record it has had since its constitution. These results are thanks to the generalized growth of its business lines and to the consolidation of the accounts of the companies that were incorporated in 2022.

EBIDTA was 25.2 million euros, and Net Profit was 15.4 million euros, 50.7% compared to the previous year’s result.

The technology company Altia has presented its 2023 results today, with a turnover of 241 million euros, 44.3% more than in 2022. EBIDTA was over 25 million euros, which marks a 55.4% increase over the 2022 result (€16.2M) and, in relative terms (EBIDTA margin), a 10.4% was achieved, compared to 9.7% in 2022.

Organic growth in all markets, the complete consolidation of the Wairbut and Bilbomática accounts—companies incorporated into the Group in 2022—and the development of strategic areas, such as cybersecurity, data analysis, and cloud services, have been the main factors responsible for these results, which are the best in its history, ever since Altia was founded 30 years ago.

Net profit rose to €15.4 million, or 50.7% greater than in 2022 (€10.2M), while net margin was 6.4%, compared to 6.1% the year before. Altia has managed to increase its profitability in a period of great uncertainty at the global economic level.

As for the balance, the company has grown 6.6% since 2022 (going from €143.6M to €153.2M). The main sizes of the balance sheet corroborate the Group’s good health, as it has significant resources available, with a cash fund growth of 19.7%. As for net financial debt, the difference between the 2022 number and the 2023 number is an improvement during the year (-€7.9M).

It should also be highlighted that of turnover, 53.5% came from the Spanish market, and 46.5% from abroad, which is a clear indicator of Altia’s investment in growth abroad.

“These results highlight the solid growth in our turnover and show our healthy position in the TI market in just the same year in which we are celebrating our 30th anniversary,” pointed out Constantino Fernández, the president of Altia. “The synergies derived from the integration processes in the last few years have strengthened our results across the board, with growth in income and an improvement in profitability, which proves the effectiveness of our strategy and the commitment of the entire team to the Group’s objectives,” added Ignacio Cabanas, the Economic-Finance Director.

In the future, Altia wants to continue down the path of growth and to maintain its position as a solid business and as a leader in the technology innovation sector. “We’ll continue forward with determination and passion on this exciting trip towards the personal and professional development of our team and the growth of our customers, always towards greater innovation and sustainability,” concluded Fernández.