These results, with which we break all records obtained since the Group's founding, are due to the widespread growth of our business lines and the consolidation of the accounts of the companies incorporated in 2022.
Our EBITDA was €25.2 million and net profit reached €15.4 million, a 50.7% increase compared to the previous year.
Today we present our 2023 results with a turnover of €241 million , 44% more than in 2022. EBITDA exceeded €25 million , representing an increase of 55.4% compared to 2022 (€16.2 million) and, in relative terms (EBITDA margin), it was 10.4%, compared to the 9.7% achieved in 2022.
Organic growth across 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 analytics, and cloud services have been the main factors responsible for the results, which are presented as the best in our history since Altia was founded 30 years ago.
Net profit amounted to €15.4 million , 50.7% higher than in 2022 (€10.2 million), while net margin was 6.4% compared to 6.1% in the previous year. We have managed to increase our profitability during a period of great uncertainty in the global economy.
From a balance sheet perspective, the company has grown 6.6% compared to 2022 (from €143.6 million to €153.2 million). The key figures in the balance sheet corroborate our good financial health , with significant resources available, with a 19.7% growth in equity. Regarding net financial debt, the difference between the 2022 and 2023 figures is due to debt write-downs carried out during the year (-€7.9 million).
It is also worth noting that 53.5% of the turnover obtained corresponds to the Spanish market and 46.5% to the international market , a clear indicator of our commitment to growth abroad .
" These results highlight the solid growth in our revenue and position us in a healthy position in the IT market just as we celebrate our 30th anniversary. We will continue to move forward with determination and passion on this exciting journey toward the personal and professional development of our team and the growth of our clients, always committed to innovation and sustainability."
Constantino Fernández · President
"The synergies derived from the integration processes of recent years have strengthened our results across the board, with revenue growth and improved profitability, demonstrating the effectiveness of our strategy and the commitment of our entire team to the Group's objectives."
Ignacio Cabanas · Economic and Financial Director
