STATEMENT: Grupo Castilla achieves 55% growth in 2022

(Information sent by the signatory company).

STATEMENT: Grupo Castilla achieves 55% growth in 2022

(Information sent by the signatory company)

Reaches 21.8 million turnover and expects to exceed 40 million in 2026

Barcelona, ​​February 28, 2023.- With double-digit organic growth driven by the migration to SaaS (software as a service) and after successfully completing 4 acquisition operations, 2022 was set to be the best year in its history in sales. The national company of integral services in HR, Grupo Castilla, consolidates its expansion plan combining organic growth with value acquisitions in the sector. In addition, it obtained an EBITDA of 3.3 million euros, 18% higher than the previous year. Despite the great uncertainty that operates in the markets, the HR services and solutions firm achieved excellent results in new clients in the middle segment -high, materializing 43 new HCM (Human Capital Management) implementation projects, 126% more than the previous year. In addition, 76% of them in the cloud, confirming the clear market trend towards the SaaS model. It also experienced strong growth in knowledge-based businesses such as BPO (payroll service outsourcing), where it tripled its volume of activity, reaching 28,500 managed monthly payrolls. These results place the company in a leadership position in its segment, despite the turmoil that a good part of technology companies are going through around the world. Carles Castilla, CEO of Grupo Castilla, has commented today in the framework of the Mobile World Congress in Barcelona: "I look to the future with optimism, since our strategic plan foresees reaching a turnover of 40 million euros by 2026. It is a major challenge, but "Thanks to the great commitment and solvency of our team of professionals, we will be able to reach this new goal. In the same way that we did in the recent past, achieving milestones that seemed impossible. The value of people is capital". The CEO confirms the company's commitment due to inorganic growth and expects to close three new acquisitions by 2023, which could add between 3 and 5 million in billing to the group. The first of them will be announced within the same framework of the MWC. About Grupo Castilla Grupo Castilla is one of the leading Spanish companies in knowledge services and software for people management. Founded in 1979, initially as a technology-based company, it has managed to evolve to become a HR partner for its more than 3,600 clients. Grupo Castilla has a team of more than 300 professionals and a network of 21 offices throughout the country. It closed 2022 with a turnover of 21.8 million euros, with a growth of 55% compared to the previous year and consolidates 9 consecutive years of double-digit growth.

Issuer: Grupo CastillaContactContact name: Olga Tomàs GonzalvoContact description: Content SpecialistContact phone: 910032122

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