Since our founding in 1994, this has been considered the most significant milestone in the company's long history. The initial objective that led us to take this leap in 2010—to accelerate our growth strategy, which entailed profound organizational changes and an effort to adapt to this new ecosystem—has been complemented by other objectives such as transparency, professionalization of our operations, access to new markets and clients, and the establishment of an objective benchmark of value as a company highly sensitive to changes based on performance, which undoubtedly influences the organization's strategy and operations.
“ We are very proud of the journey and growth that ALTIA has had in these 10 years and, of course, very grateful to BME Growth, since the entry into the MAB represented a great milestone for us as a company that can only be surpassed by the very creation of ALTIA ,” said Tino Fernández, president of ALTIA.
“ For ALTIA, being listed on the BME is synonymous with transformation, success, and the future. That's why we embarked on this journey with enthusiasm a decade ago and continue to do so today. Our goal remains to grow as a company and expand our market, clients, and services ,” added Ignacio Cabanas, CFO of ALTIA.
Stock and company evolution
Over the past 10 years, ALTIA's share price has experienced significant performance, rising from an initial listing price of €2.72 to its current price of €22.20. The lowest price was recorded between November and December 2012 at €2.25 per share, while the highest price, reaching €23, was achieved in February 2020. As of September 2020, ALTIA's year-to-date trading volume totaled €4.7 million , while its historical trading volume exceeds €47.3 million.
The placement entity that took us public 10 years ago was Bankinter and the registered advisors during these years have been DCM, until December 2011, and Solventis from December 2011 to the present, all of which firms have been part of the success achieved during this period.
Throughout our time as a listed company, and without being statutorily obligated to do so—in fact, we were the first company on the BME Growth list to do so—we have rewarded our shareholders every year through annual dividend payments. The total dividend distributed to date amounts to €13.6 million, representing an approximate dividend of €1.98 per share, or 72.8% of the share price at which it began trading.
With the recent transformation of MAB into BME Growth, we strengthen our position when it comes to financing ourselves in the markets, by offering international investors guarantees comparable to those provided by other European stock exchanges of this kind, with quality and transparency standards homogeneous to those of other European Growth Markets.
Currently, the Company has a workforce of 2,100 people, with a turnover of €130 million. At the time of our listing on the MAB, Altia had a workforce of 371 people and a turnover of €17.6 million, representing very significant growth multiples.
Today we operate from 20 locations spread across Spain, Portugal, Brazil, Chile, the USA, Ireland and the Netherlands; in addition to three Data Centers in Vigo, Madrid and Barcelona.
A success story
- 2010. On December 1st, it went on sale on the Alternative Stock Market (MAB), now BME Growth, a market for expanding companies owned by Bolsas y Mercados Españoles.
- 2011. First MAB company to distribute dividends. Acquisition of the Vigo Data Center (Pontevedra) and service provision contract with Vodafone.
- 2012. Award of the Framework Agreement AM 26/2011, known as 'State Heritage Catalogue'.
- 2013. Acquisition of Exis Inversiones en Consultoría Informática y Tecnología, SA, a company specializing in the provision of consulting, development and integration services for information systems and outsourcing, for 2.9 million euros.
- Merger by absorption between ALTIA and Desarrollo e Implantación de Nuevas Funciones Lógicas SLU, a wholly owned subsidiary of Altia, which disappears.
- Merger by absorption between Senda and Elite Sistemas de Control SL, a wholly owned subsidiary of Senda, which was acquired in March 2013 within the Exis group.
- 2014. Merger by absorption of Exis Inversiones en Consultoría Informática y Tecnológica SA and Senda Sistemas de Información SA
- 2016. Signing of the contract with the Government of Chile for the administration of the Chilean National Employment Exchange. Securing this contract represented a significant step in the company's internationalization, enabling it to establish its first operational base in South America, specifically in Chile and, more precisely, in its capital, Santiago.
- 2017. The company is included in the new IBEX MAB® 15 and IBEX MAB® All Shares indices, of Bolsas y Mercados Españoles (BME).
- Acquisition and subsequent merger by absorption of QED Systems SLU, a Boxleo Group company whose business was the marketing of infrastructure (hardware and software). Subsequently, Altia and QED merged through an absorption process, with QED ceasing to exist. The operation's main objective was to expand Altia's 'Hardware and Software Supply' business line.
- Acquisition and subsequent merger by absorption of QED Systems SLU, a Boxleo Group company whose business was the marketing of infrastructure (hardware and software). Subsequently, Altia and QED merged through an absorption process, with QED ceasing to exist. The operation's main objective was to expand Altia's 'Hardware and Software Supply' business line.
- 2018 and 2019. Increased business in offices dependent on the European Union, such as the European Patent Office in the Netherlands/Germany or the European Environment Agency in Denmark; new presence in European Agencies: EEA, EFCA, SatCen.
- New office in Bilbao.
- 2020. Acquisition of Noesis Global Sociedade Gestora de Participações Sociais, SA through Altia's acquisition of 100% of the share capital of Noesis and its subsidiaries for a total of €14,075,000. Noesis is a technology consultancy based in Portugal that offers services and solutions to support its clients in their digital transformation and business development.
- New office in Barcelona.
