Net profit was €7.2 million , an increase of almost 96% compared to the previous year.
The consolidation of the acquisitions of Wairbut and Bilbomática and the increase in business in clients and territories where we were already present explain these results.
We closed the first half of 2023 with a turnover of €115.8 million, 63.6% more than the same period last year and meeting our forecasts for this year by 53.7% .
Altia's net profit for the first half of the year was €7.2 million, 95.8% higher than the previous year, while EBITDA reached €12.4 million, representing a 91.3% increase compared to the first half of 2022.
The increase in revenue generated by integrating the full-year results of Wairbut and Bilbomática, companies acquired in 2022, and the synergies derived from the integration process, which is well advanced, have translated into an overall improvement in the results of the Group and its component companies .
"The strong results obtained in the first half of the year confirm the business's solid performance and allow us to describe Altia as a consolidated and solvent company . The integration process between Wairbut and Bilbomática is well advanced in terms of business, systems, finances, and people, and this is something we've also seen reflected in these results," said Constantino Fernández, president of Altia.
The increase was widespread across all business lines, sectors, and territories following the integration of the new companies into the 2023 consolidated financial statements as a whole.
"These results and the Altia Group's performance throughout 2023 allow us to affirm that, under normal conditions and with the necessary caution, we are in an excellent position to meet and even exceed our projections for this year, since the €116 million in revenue achieved has allowed us to meet 54% of what was projected for the entire year in the current Business Plan," Fernández concluded.
The increase was widespread across all business lines, sectors, and territories following the integration of the new companies into the 2023 consolidated financial statements as a whole.
"These results and the Altia Group's performance throughout 2023 allow us to affirm that, under normal conditions and with the necessary caution, we are in an excellent position to meet and even exceed our projections for this year, since the €116 million in revenue achieved has allowed us to meet 54% of what was projected for the entire year in the current Business Plan," Fernández concluded.
