knowmad mood closes the first half of 2024 with a 18.8% growth, €102.3 million in revenue, and a 20.2% increase in EBITDA

• Outstanding performance in the first half, achieving €102.3 million in revenue compared to €86.1 million in the same period last year 

• Of the 18.8% revenue growth, 16.9% came from organic growth and 1.9% from new acquisitions. 

knowmad mood, a leading technology consulting firm in digital transformation, with a strong presence in multiple international markets and listed on BME Growth since December 2022, has published its audited financial results for the first half of 2024. The company reported revenues of €102.3 million, marking an 18.8% increase compared to the same period in 2023. This significant growth includes a 16.9% organic increase and 1.9% from new acquisitions. 

Normalized EBITDA reached €8 million, representing a 20.2% increase over the previous year, underscoring the company’s solid and profitable position. 

Internationally, revenues for the first half from New Verve Consulting, ASERVO Software, and knowmad mood’s subsidiaries in the United Kingdom, United States, Italy, Portugal, Uruguay, and Morocco reached €10.5 million, up from €5.96 million in the same period last year. This growth reflects a 76% increase in foreign operations. 

This exceptional performance demonstrates knowmad mood’s ability to sustain profitable growth, driven by its inorganic growth strategy. In the second quarter, the company announced the acquisition of two major companies: Interwor, a Spanish specialist in IT infrastructure, communications, and security, and ASERVO Software, a German company specializing in software development infrastructure, thereby strengthening its presence in the high-potential European market. 

Beyond first-half activity, in terms of international expansion, the recent acquisition of Grupo Antea, a leading cybersecurity company with a presence in Spain and Mexico, stands out. This acquisition not only strengthens knowmad mood’s position in cybersecurity but also opens new growth opportunities in the Mexican market, from which the company plans to leverage its expansion into the United States. 

In remarks from José Manuel Rufino Fernández, CEO and President of knowmad mood, “The excellent results from the first half of 2024 confirm the strength of our growth strategy. The 18.8% increase in revenue and the 20.2% rise in normalized EBITDA show that we are on the right track for continued and profitable growth. Thanks to acquisitions in new strategic markets, we have strengthened our position in the European and American markets, equipping us to face new challenges from a more solid foundation. 

Despite well-known macroeconomic uncertainties, we remain optimistic about our medium- and long-term outlook, confident that our combination of solid operational execution and a clear inorganic growth strategy will allow us to maintain sustained, profitable growth.”