We are closing 2024 with a turnover of 255.6 million euros, 5.9% more than in 2023
A year of expansion and consolidation, with growing revenues, balanced profits and a robust balance sheet.
We will be paying a dividend of €0.06 per share, 20% more than last year.
Today we present our financial results for 2024, with a growth in turnover to 255.6 million euros – an increase of 5.9% compared to 2023. This figure does not include the IN2 and Verne’s 2024 revenues, which joined Altia recently. This growth reflects a positive trend in our operations, consolidating our expansion process. Our financial structure remains solid, supported by a 15.5% increase in equity and a balance sheet reaching 167.1 million euros.
EBITDA exceeded 25 million euros, in line with the previous year’s. In relative terms, the EBITDA margin was 9.7%, slightly lower than the 10.4% recorded in 2023. We highlight the investments made in foreign markets, mainly in the United States, Ireland and the United Arab Emirates, which are expected to lead to future growth from 2025 onwards. Consolidated net profit amounted to 15.4 million euros, 0.5% more than in the previous year. There was a slight contraction in profitability, with a net margin of 6% compared to 6.3% last year. The results reflect stable profits after a cycle of major investments.
The 9.2% year-over-year growth, with assets increasing from €153.1 m to €167.1 m, underlines the good financial health of our balance sheet. This is supported by a 15.5% increase in shareholder equity, enhancing the company’s solvency. At Altia, we maintain a prudent policy of self-financing, which has allowed us to continue to generate value over the long term.
As for shareholder remuneration, the Board of Directors has proposed a total dividend of €0.06 per share, 20% more than in 2023. This amounts to 4.1 million euros, equivalent to 26.7% of consolidated net profit. Of this amount, an interim dividend of 2.47 million euros was already paid out in December 2024, and the remainder will be submitted for approval at the next Annual General Meeting in May.
“The year 2024 has seen the expansion and consolidation of our model, following significant acquisitions in recent years. We have maintained profit levels even with considerable investment, mainly in foreign markets, and, more importantly, we have enhanced our asset position and the group’s financial stability. This performance undoubtedly reflects the maturity reached after the growth of previous years and allows us to face the future with confidence.”
Constantino Fernández · President
We remain firm in our aim to maintain sustained growth and balanced profitability. Throughout 2024, we have moved forward in stabilising our corporate perimeter, aligning our resources with our new operational dimensions after the integration of our acquisitions. This strategic consolidation process reinforces our competitive position in the tech industry both in Spain and internationally.
“These results endorse the strategy we have been following for years of strong organic growth coupled with the acquisition of companies that enhance our service offering. The strength of our balance sheet and the growth in revenues are a solid base on which we will continue to build the company’s development in the coming years.”
Ignacio Cabanas · Chief Financial Officer
Looking ahead, Altia will keep to a strategy focused on innovation, efficiency and commitment to the environment, continuing to generate value for its clients, professionals and shareholders.