knowmad mood closes 2024 with 25% growth in turnover

• Significant jump in normalised EBITDA to 15.83 million euros, an increase of 52.7% compared to 2023.
• The international market grew 104.7% in revenues and represents 12.2% of the group’s turnover
• The company will publish its new Strategic Plan 2025-2028 next week.

Madrid, 23 April 2025. – knowmad mood, a leading technology consultancy firm in digital transformation solutions, has published its audit report, annual accounts and non-financial information for the 2024 financial year, highlighting not only the solid growth in its revenues, but also the significant improvement in terms of profitability.

In 2024, the company achieved a turnover of 210.03 million euros, representing an increase of 25.0% compared to the previous year, when revenues amounted to 168.07 million euros. One of the highlights of the year was the growth in normalised EBITDA, which increased by 52.7% to €15.83 million, compared to the €10.37 million recorded in 2023.

These results underline knowmad mood’s strong performance throughout 2024, cementing its leadership in the digital transformation space. The company’s sustained growth is reflected in both a significant increase in revenue and a significant improvement in profitability, evidenced by an increase in the normalised EBITDA margin from 6.2% in 2023 to 7.5% in 2024.

“Despite a challenging geo-economic context, 2024 has been an extraordinary year for knowmad mood. Not only have we grown ahead of the industry, but we have done so in a profitable and sustainable way. A 25% increase in revenues and a 52.7% increase in normalised EBITDA are figures that speak volumes about the commitment, resilience and operational excellence of our entire team. Furthermore, our international business has grown by 104.7%, consolidating our position outside Spain and far exceeding the 10% target set in our previous Strategic Plan, as it now represents 12.2% of the group’s revenues” says José Manuel Rufino Fernández, President and CEO of knowmad mood.

Strategic acquisitions driving international growth

In 2024, knowmad mood experienced exponential growth in the international market, increasing its revenues by 104.7% to 25.68 million euros, representing 12.2% of its total turnover, far exceeding the 10% target set out in its 2021-2024 Strategic Plan. In addition, the company made three key strategic acquisitions: Interwor, to strengthen its IT infrastructure, communications and security offering; ASERVO Software, which expanded its software development capabilities and facilitated its entry into the German market; and Grupo Antea, which marked its entry into the Mexican market and strengthened its position in cybersecurity. These acquisitions, together with organic growth, boosted turnover and strengthened the group’s market position. Subsequent to 2024, the group announced the acquisition of VANTURE ESS (February 2025), a consultancy specialising in SAP and Odoo solutions.

Highlights: A year of financial consolidation

Since its debut on BME Growth on 20 December 2022, the company has experienced remarkable growth. With an initial price of €3.04 per share and a capitalisation of €152 million, it currently trades at €3.50€, representing a 15.1% revaluation. On the operational side, revenues have increased by 62.5% (from €129.24m in 2022 to €210.03m in 2024), while normalised EBITDA has grown by 52.1% (from €10.41m in 2022 to €15.83m in 2024). This performance reflects the strength of its strategy, which combines international expansion, strategic acquisitions and operational optimisation. With a solid strategic plan and a focus on innovation and profitability, the company is well positioned to continue to lead in the markets where it operates and to generate sustainable value for its shareholders in the future.

Next week, the main lines of action of the new Strategic Plan 2025-2028, designed to continue driving growth, profitability and innovation in the coming years, will be presented.

“Our 2024 results are a clear testament to our commitment to excellence and innovation. With a robust strategy that combines international expansion, strengthening our capabilities and a continued focus on digital transformation, we are extraordinarily well positioned to continue to lead in the markets where we operate. We look to the future with optimism, knowing that our clear vision and our ability to adapt to change will allow us to seize new opportunities and consolidate our position as an industry leader,” concludes José Manuel Rufino Fernández, President and CEO of knowmad mood.