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General

Lleida.net 9-month revenues up 24% to EUR 11.7 mln, SaaS up 62%

Thursday 15 October 2020 | 14:16 CET | News
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Spain's Lleida.net, a specialist in secure messaging, reported revenues up 24 percent year on year to EUR 11.73 million in the first 9 months of 2020, driven by a surge in Software as a Service (Saas) revenues during the Covid-19 pandemic. The company’s SaaS sales (including certified electronic notification and procurement services) climbed some 62 percent year on year to EUR 1.4 million in the third quarter alone thanks in part to major international contracts signed with Portugal’s Nos, Colombian postal company 4-72 and Spain’s Indra, among others.

Lleida.net’s EBITDA increased by 32 percent to EUR 1.9 million in the January to September period, with profit before tax up 23 percent to EUR 839,000. The company’s gross margin also rose, by 18 percent year on year, to EUR 5.8 million while financial debt was significantly reduced.




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Categories: General
Companies: Lleida.net
Countries: Latin America / Spain
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