Here’s the translation into American English:
The company Redegal has closed the first half of 2023 with positive financial results, highlighting sustainable growth across all its business areas. With a special focus on its Product unit, the company has managed to triple its sales, surpassing expectations following its recent listing on BME Growth, where it has experienced a 22.6% increase in revenue in the Spanish market.
Operationally, Redegal reported revenues of €7.5 million, alongside an adjusted EBITDA of €597,000 and an adjusted EBIT of €231,000. These figures represent a 16.7% increase in revenue and a notable 59.3% rise in adjusted EBITDA compared to the same period last year, demonstrating its ability to grow profitably.
The company has also made significant efforts to reduce its financial debt, decreasing it by over €300,000, which equates to an 8.2% reduction compared to the end of 2024. This progress strengthens its business model, which combines technology, creativity, and data to deliver comprehensive digital business solutions to major brands.
Within its business units, the Digital Business section has grown in areas such as analytics and automation, increasing project recurrence and collaboration among teams. The Technology unit, for its part, has continued to develop innovations in the digital realm, especially in e-commerce, bolstering its position in sectors like automotive, fashion, and food.
A highlighted milestone has been the launch of Boostic.cloud, recognized as the best software as a service (SaaS) of 2023, in addition to the expansion of Binnacle Data, focused on retail clients and non-transactional digital businesses. This strategy has opened new opportunities, particularly in the Mexican market.
Looking ahead to the second half of the year, traditionally the most intense for Redegal, the company has set the goal of maintaining sustainable growth, prioritizing profitability and scalability. Jorge Vázquez, CEO of Redegal, expressed optimism about the close of the year, highlighting the positive impact of its operational metrics and recently signed projects. Additionally, the company is advancing its Strategic Plan for 2024-2028, with ambitious goals aiming to achieve revenues of €22.6 million and an adjusted EBITDA of €4.4 million by 2028, reaffirming its commitment to sustainable and profitable growth.
Referrer: MiMub in Spanish
