We increase turnover by over 60%, reaching 116 million euros in the first half of 2023
Net profit was 7.2 million euros, an increase of almost 96% compared to the previous year.
These results were achieved thanks to the consolidation of the acquired companies Wairbut and Bilbomática, as well as increased business from clients and territories where Altia was already present.
We have closed the first half of 2023 with a turnover of 115.8 million euros, 63.6% more than in the previous year and already 53.7% of the amount forecast for 2023.
Altia’s net profit for the first half of the year was €7.2 million, 95.8% higher than the previous year, with an EBITDA of €12.4 million, a 91.3% increase over the first half of 2022.
The increase in revenues comes from integrating the full year turnover of Wairbut and Bilbomática, companies acquired by Altia in 2022. The synergies derived from the integration process, which is well underway, have resulted in an overall boost to the Group’s financial performance.
“The results from the first half of the year point to good performance and allow us to speak of Altia as a consolidated and solvent business. The integration process of Wairbut and Bilbomática is well underway in terms of business, systems, finances and people, and this is something that has also been reflected in the results”, said Constantino Fernández, Altia’s CEO.
The increase was across the board in all lines of business, areas and territories after the full integration of the new companies in the 2023 balance sheet.
“These results and Altia Group’s trajectory throughout 2023 allow us to affirm that, under normal conditions and with all due caution, we are in a magnificent position to meet and even exceed our projections for this year, as the 116 million in turnover have allowed us to already meet 54% of the forecast for the full year in the current Business Plan,” concluded Fernández.
