Bilbao, July 27, 2023.
The company closes the first half of 2023 with revenues of €50.6 M and EBITDA grows by 12.5% driven by the capacity for operating leverage and the continuous materialization of synergies from the acquisitions of recent years. Agile Content also strengthens its balance sheet, boosting cash generation by 144% and consolidating the strength of the financial structure
Agile Content, a listed company and provider of Internet television and broadcasting solutions, announces its closing forecast for the first half of 2023, achieving a 144% increase in cash generation during that period and maintaining its position as a leading provider of Internet infrastructure. video in Europe while executing its mission to consolidate in the pay TV and OTT market. The unaudited results of Agile Content corresponding to the period from January to June 2023 show an upward trend, both in operational and economic-financial terms , in the evolution of indebtedness and cash generation. The technology company, based in the Basque Country and with a presence in more than 70 countries, closes this first half of 2023 with a turnover of 50.6 million euros thanks to growth of the business lines in the vast majority of the geographies where it is present. This figure also represents a 9% growth in revenue compared to the same period in 2022.Agile Content also increased EBITDA to reach 5.4 million euros, growing 12.5% compared to the previous semester, with an improvement in efficiency and materializing part of the synergies from the acquisitions of new businesses and companies carried out in recent years. The improvement in the company's results has led to a strong increase in cash generation that stands at 2.2 million euros, and represents an increase of 144% over the figure for the first half of 2022, demonstrating the scalability of the operating model while maintaining its investment in R&D. The sustainability of the operating model has allowed the net financial balance to be reduced by 5 .5 million euros since the end of the first half of 2022, despite the slight increase produced since the end of 2022 as a result of increased activity. Also noteworthy is the notable improvement in the Net Financial Debt/EBITDA ratio from 3 .5x from the end of the first half of 2022 to 2.0x from the end of the first half of this year, which coincides with that of the end of the 2022 financial year. All in all, the company consolidates the strength of its financial structure, maintaining the coverage ratios while increasing its volume of activity. Consult the document with the details here. *Unaudited data
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