Lleida.net earned 475% more in the first quarter of this year to achieve a profit of 391,000 euros, as reported by the company on Monday.
Driven by the sales of its SaaS line, the Spanish listed company had a turnover of 3.98 million euros and recorded an increase in gross operating profit (Ebidta) of 46% in year-on-year terms, to 620,000 euros.
“Never in the history of the company have we shown such positive results as those of this first quarter of the year. Lleida.net is in an ideal situation to face the challenges of the digitization of companies in the coming years,” said the CEO and founder of the company, Sisco Sapena.
The company has highlighted that the main factor of this success has been the 46% increase in the invoicing of the SaaS line, which includes its certified electronic notification, contracting and signature services. Specifically, the company sold SaaS services worth more than one and a half million euros in the first quarter. The company expects that line to represent more than 50% of its revenues already this year.
The board of directors agreed a few weeks ago to submit to the general meeting of shareholders a 25% increase in dividends this year.
Finally, the company also continues its commitment to internationalization, and in January this year it opened a subsidiary in Dubai to reach the Middle East and North Africa market in a solid way.