Altia expects an increase in profit to EUR 15 million this year

Galician technology Altia presented its own this Thursday business plan for this year 2023 and 2024in which the net benefit of 14.6 million euros for this year43% more than the 10.2 million euros reached last year, and 17.3 million euros for next year, while also planning to expand the workforce through employment of 500 people more between this exercise and the next.

On the other hand, the company expects a 29 percent increase in turnover this year, i.e 215.6 million euroswhile in 2024, it plans revenues of 237.9 million euros, for which it estimates that in the period of application of the new business plan, it will achieve a growth of more than 40%.

As for the operating margin, Altai’s business plan estimates that it will be 10.8% in the first year of implementation, while it will be 11.1% in the second year. In this context, the company pointed out that this business evolution will be accompanied by the employment of around “500 technological profiles”, with which its workforce will be around 3,700 peopleat the end of 2024

Namely, Altia will employ 256 people in 2023, and 236 the following year, although it is emphasized that this hiring process will take place in accordance with the growth of income.

“The focus of the Altia group in this period will be on the continuation of s the process of internationalization and growth in markets where the group was not present or was present in a residual way and launched following recent acquisitions, including the purchase of Noesis in 2020 and the recently incorporated Bilbomática and Wairbut, which were purchased last summer and are in the middle of the integration process,” the tech company said.

As for the distribution of income by territory, this two-year period will be “continuity”, two years in which there will be “greater influence in Spain and the rest of Europe» due to the establishment of new companies that are “specially established” in these areas. “Stable growth, proven solvency and intact values ​​that Altia has as a company throughout its history show that we have a long-term vision,” said Altia’s Economic and Financial Director Ignacio Cabanas.

For his part, the president of Altia, Constantino Fernández, emphasized that ” disruptive changes” taking place in certain activities, sectors and markets “This has not been seen to date”, and its “fundamental pillar is the use of technology”, which is why he expects it to continue to “gain weight and importance in the global economy”.