Lleida.net’s working capital exceeds five million euros and ensures its long-term viability and solvency

MADRID, April 29, 2021 / PRNewswire / – Lleida.net (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) already has working capital of 5.2 million euros, ensuring its solvency and viability in the medium and long term, following the audited results presented today by the company.

This amount greatly exceeds that at the start of 2020, which amounted to 1.6 million euros.

After last year’s results, which increased sales by 20 percent for € 16.42 million, his net worth has also increased dramatically. It was 66%, until 7.2 million euros.

The company’s assets increased in 2020 by 24% compared to the previous year to reach 13.2 million, while the financial debt was reduced by 539,000 euros or 15 percent from the previous year.

These figures testify to the financial solidity of the company which, coupled with the increase of its SaaS services and the significant increase in invoicing, ensure its viability.

“We have grown in 26 years, placing good governance and prudence as the main factors of our economic policy, and our financial situation is now stronger than ever,” said Sisco Sapena, who founded the company in 1995.

“Our medium-term strategy is to invest in innovation and development and to open up global markets. Our aim is to grow steadily and tangibly over time,” added Sapena.

Last year, the company’s EBIDTA increased by 20%, reaching 2.7 million euros.

According to the audited results, the gross margin of the company increased by 977,000 euros compared to 2019. This increase is mainly due to the increase in SaaS and Wholesale lines.

The verified figures also show that the operating results of the company have been 1.4 million euros i.e. exactly 31% above that of 2019.

Profit before tax exceeds 1.02 million euros.

Recently, Lleida.net announced that it gained 475% more in the first quarter of 2021 than in 2020.

The Spanish listed company achieved a turnover of € 3.98 million, gained 391,000 and recorded a 46 percent increase in Ebidta year-over-year.

Lleida.net is part of the OTCQX Best Market index in new York, Euronext Growth in Paris, and BME Growth in Madrid.

Works to become a world-class player in the electronic signature, notification and electronic subcontracting industry, and invests in innovation, internationalization and intellectual property for the pillars of its strategy.

The company’s board of directors agreed a few weeks ago to submit for approval to its general meeting of shareholders a 25 percent increase in dividends for this year.

SOURCE Lleida.net

About Donnie R. Losey

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