Altia closes 2021 with a turnover of 125.9 million euros.
The Group's EBITDA stands at €13.7 million, compared to €11.7 million in 2020, a 16.8% increase.
Altia closed the 2021 financial year with revenue reaching €125.9 million , 3.1% less than the €129.9 million revenue recorded in 2020.
Altia's net profit in 2021 was €8.7 million, 41% higher than the previous year , while the net margin was 6.95% compared to 4.77% in 2020. EBITDA reached €13.7 million , representing an increase of 16.8% compared to the previous year.
In relation to the Balance Sheet closed at the end of the year, this denotes greater solidity and solvency with an increase in Equity , a significant reduction in financial debt and, despite the latter, an increase in the cash position of more than 2.3 million euros.
“The results of the Altia Group's activities in 2021 were significantly higher than those obtained in 2020. We can consider them to have been highly satisfactory considering the adverse circumstances in which the activity was carried out, with repeated periods of restrictions due to the pandemic that have had a direct impact on the activity.
These figures confirm the Group's good health, which has the necessary resources to continue developing its project in the coming years."
Constantino Fernández · President of Altia Group
Greater international presence and commitment to talent
Throughout 2021, the integration process with Noesis, a Portuguese company acquired in 2020, was practically completed. The Altia Group's presence outside of Spain is growing following the incorporation of this company, with a reinforced commitment to business in Chile , a greater presence in European organizations, and the incorporation of business in Andorra. "Our international activity already accounts for approximately half of the Group's revenue, and we expect it to continue growing in the coming years," commented Tino Fernández.
In the coming years, the Altia Group will focus its activities on providing advanced information technology services, focusing on cybersecurity, low-code, artificial intelligence, big data, cloud computing, quality management, and IoT.
Regarding people and talent, Altia will continue to prioritize talent retention, even if this means reducing margins. "Proper management of people value, combined with a commitment to training and work-life balance, can make all the difference; therefore, at Altia, we will continue working and making progress in this regard," Fernández concluded.
