Lleidanetworks Serveis Telemàtics S A : First quarter 2024 results preview and comparison with first quarter 2023 results. (6 MB)

ES:https://investors.lleida.net/docs/inversores/es/20240429_2HRelev.pdf

Madrid, April 29, 2024

Other Relevant Information

LLEIDANETWORKS SERVEIS TELEMÀTICS S.A.

First quarter 2024 results preview and comparison with first quarter 2023 results. Lleida.net recovers in the first quarter of 2024 with an increase of 71% in its EBITDA, up to 666,000 euros.

In accordance with the provisions of Article 17 of Regulation (EU) No. 596/2014 on market abuse and Article 227 of Law 6/2023, of 17 March, on Securities Markets and Investment Services, and concordant provisions, as well as Circular 3/2020 of the BME Growth segment of BME MTF Equity on information to be provided by Companies in Expansion, hereby LLEIDANETWORKS SERVEIS TELEMÀTICS S. A.: (hereinafter "Lleida.net, or the "Company" or the "Company") hereby informs you of the following information which has been prepared under the sole responsibility of the issuer and its administrators. The information detailed in this report is a preview of Lleida.net's Consolidated Income Statement for the first quarter of 2024 and has been prepared on the basis of unaudited accounting information available to the Board of Directors.

Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) posted a 71% increase in EBITDA in the first quarter of 2024, compared to the same period last year, to €666,000.

In the quarter, the company's sales amounted to €4.71 million, slightly above those of the first quarter of 2023.

The operating result for the period was 147,000 euros, and the result for the year was 111,000 euros, figures which represent a return to growth for the company, after nine quarters of losses.

Since the beginning of the year, the company has registered a record number of clients, and already has 1,925 clients compared to the 1,794 clients registered in the first four months of 2023.

These results are the result of the efforts made by the company after announcing, last November 3rd, an important package of corrective measures. Among them, the reduction of its workforce in Spain and its subsidiaries in Colombia and Peru, a new financial policy and a generalized cost reduction.

The company is enclosing detailed information on the quarter in this Other Relevant Information.

We remain at your disposal for any further clarification you may require.

Sincerely yours,	Firmado digitalmente
In Madrid, April 29, 2024	por 40897755Y
FRANCISCO JOSE
Francisco Sapena Soler
SAPENA (R:A25345331)
CEO and Chairman of the Board	Fecha: 2024.04.29
	20:16:20 +02'00'

PRESENTATION OF INTERIM

RESULTS FOR THE FIRST

QUARTER OF 2024

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DISCLAIMER

Pursuant to the provisions of Article 17 of Regulation (EU) No. 596/2014 on market abuse and Article 227 of Law 6/2023, of 17 March, on Securities Markets and Investment Services, and concordant provisions, as well as Circular 3/2020 of the BME Growth segment of BME MTF Equity on information to be provided by Companies in Expansion, hereby LLEIDANETWORKS SERVEIS TELEMÀTICS S. A.: (hereinafter "Lleida.net, or the "Company" or the "Company") hereby informs you of the following information which has been prepared under the sole responsibility of the issuer and its directors. The information detailed in this report constitutes a preview of the Consolidated Income Statement of Lleida.net for the frst quarter of 2024 and has been prepared on the basis of the unaudited accounting information available to the Board of Directors.

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1Q2024 WAS A VERY STRONG START FOR US

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Last November, we announced a very aggressive recovery plan. A change was needed after disappointing results and we stood up to the challenge.

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LAST NOVEMBER WE ANNOUNCED:

Labor force layoffs at the Lleida		Personnel cuts in international
and Madrid centers.		subsidiaries: PKI, Peru and
		Colombia.

Reduced participation in fairs and		Significant reduction of external
events.		contracting.

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WE ALSO CHANGED SHIFTED OUR FOCUS:

Increasing Profitability Through Process Optimization, automating procedures and focusing sales on standard products.

Focus on standard solutions beyond tailor-made projects

Focus on Standard Products to Reduce Technical Development Time, and maximize the profitability scope of our R&D.

Redesign of Commercial Verticals, focus on EU and Latam markets.

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AND AFTER THE GREAT EFFORTS OF EVERYONE (INVESTORS INCLUDED), IN THE FIRST QUARTER OF 2024 WE HAVE BEEN MAKING MONEY AGAIN.

DURING THE PERIOD:

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Sales grew slightly by 1% to 4.713 million euros.

As a result of the new management, commercial and expense policy, we have recorded higher profits with similar revenues, and a higher margin.

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Income before taxes for the period increased by 140% to 111,000 euros.

EBITDA was up 71% to €666,000 YoY.

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