Sngular shoots up its revenue by 55% in 2022, up to 92 million

MADRID, 11 Abr.

Sngular shoots up its revenue by 55% in 2022, up to 92 million


The technology consultancy Sngular has boosted its revenue by 55% in 2022, reaching 92 million euros, driven both by organic growth and by the acquisitions made throughout the course.

The company listed on BME Growth has registered a gross operating profit (Ebitda) of 13 million euros, which represents an increase of 47% compared to the previous year, as reported on Tuesday.

Of the 55% increase in billing, 40% is explained by sales growth, while 15% is derived from the four acquisitions closed last year.

Likewise, a third of the income comes from outside Spain, with the United States as the most prominent market, contributing 25% of the total income.

In terms of staff, the technology consultancy has added 440 new professionals, to stand at 1,375 workers at the end of the year.

"We are very proud of these results, which reflect our commitment to the company's sustainable growth and our ability to adapt to a constantly changing environment," said Sngular CEO Sarah Harmon.

For his part, the firm's financial director, Ignacio García, has remarked that the growth in income is accompanied by increasing profitability and solvency ratios and greater productivity per employee.

"(The data) demonstrate the sustainability of a model of constant adaptation, commitment to the human team and the search for excellence", stressed the financial director.

The company went public in December 2021 and accumulated a revaluation in the public markets of 13% compared to the end of the year. Looking ahead to the next shareholders' meeting, Sngular will propose a dividend of 0.04 euros per share.