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26 March 2023

Altia 2022 Results

Altia ends 2022 with a net profit of 10.2 million euros, 16.6% more than in 2021

Technology company Altia today presented its results for 2022 with a turnover of 167.2 million euros - including revenues from Wairbut and Bilbomática, the new companies incorporated into the Group last year - which represents an increase of 32.8% compared to that obtained in 2021.

Altia's net income in 2022 was 10.2 million euros, the highest in its history, 16.6% higher than in the previous year. For its part, the accounting EBITDA, without normalizations and financial gimmicks increasingly common in the market, was €16.2 million, an increase of 18.4% compared to the previous year

For Altia, 2022 was characterized by the incorporation and integration of the Wairbut and Bilbomática companies, as well as a firm commitment to talent, which allowed the number of people working in the company to increase to 3,200 professionals.

Looking ahead, 2023 began with the adjustments from the incorporation of the acquisitions already made, so the prospects are good and the goal is to continue to grow.

"2022 has been a successful year for Altia in a difficult environment due to the shortage of technological talent, the energy crisis, the impact of inflation and logistical difficulties. In this context, we have achieved a combined growth between organic and the result of acquisitions. The Company has grown and added a good number of people to the project, we have incorporated new concerns and needs, new approaches and capabilities and also environments different from those we already had and in which we intend to have a positive impact with our activity," said Constantino Fernández, Altia's president.


Sustainable and international growth model


Altia is committed to a sustainable growth model and the acquisitions of Wairbut and Bilbomática are another step in that direction. "With the addition of these two companies, we made the right decision not only from a purely financial standpoint, but also because they share our values and our firm commitment to our environment and talent. At a time of shortage of professionals, we have added a powerful tool to the existing talent to extend our commitment to a growing environment and continue to deliver real and tangible value to clients and society," said Fernández.

The international dimension of the company was also strengthened with these acquisitions by Bilbomática's position in European Agencies, which made it possible for the Group to actually work with almost all agencies with a clear objective to continue growing. "International business will be a key player in the coming years and will force us to make new and very demanding efforts in managing increasingly diverse and distant stakeholders, at least geographically," said Altia's president.

The economic and technical solvency, the knowledge of its professionals, the innovative and collaborative spirit, and the control and continuous improvement systems implemented will continue to be the basis for its sustainable growth.


About Altia


Altia is a company that offers high-value IT services and digital transformation consulting. Thanks to the commitment of its more than 3,200 professionals, it is a technology partner for more than 900 clients worldwide.With nearly 30 years of experience, it is one of the leading independent companies in the industry. Since 2010, Altia has been listed on BME Growth, BME's marketplace for SMEs.  

The company has 20 locations in Spain, Portugal, Brazil, Chile, USA, Ireland and the Netherlands, as well as three data centers in Vigo, Madrid and Barcelona.


For more information, consult the Altia Group Annual Report 2022.