knowmad mood drives profitability in 2024 with a 45% increase in normalized EBITDA

10/02/2025 - News
  • The preliminary unaudited results of knowmad mood reveal a revenue of €210 million in 2024, 25% higher than the €168.1 million obtained in 2023.
  • The unaudited estimate for normalized EBITDA stands at a minimum of €15 million, reflecting a 45% growth compared to 2023.
  • International business revenue grew by 104% and now represents more than 12% of the group’s total revenue.

The company will publish its new Strategic Plan 2025-2028 in April.Madrid, February 10, 2025 – knowmad mood, a leading technology consulting firm specializing in digital transformation solutions, has released a preview of its unaudited financial results for 2024, showcasing solid growth in both revenue and profitability.  The company achieved a revenue of €210 million, representing a 25% increase compared to the previous year’s revenue of €168.1 million. Additionally, the estimated normalized EBITDA reached at least €15 million, marking a 45% increase compared to the €10.4 million obtained in 2023.  

These results demonstrate knowmad mood’s strong performance throughout 2024, further consolidating its position as a leader in the digital transformation sector. The company’s sustained growth is evident not only in the significant increase in revenue but also in profitability improvements, with the normalized EBITDA margin rising from 6.2% in 2023 to 7.1% in 2024. 

 

“Once again, in an increasingly challenging geo-economic context, knowmad mood continues to demonstrate its ability to create value and sustain profitable growth. These outstanding results, with a 25% revenue increase and more than 45% EBITDA growth, reflect the success of our company philosophy, where vision, talent, globalization, culture, and purpose come together,” stated José Manuel Rufino Fernández, President and CEO of knowmad mood. 

 

International Expansion and Strategic Acquisitions 

The year 2024 witnessed exponential international growth, with a 104% revenue increase, reaching €25.6 million. This segment now represents 12.2% of total revenue, far exceeding the 10% target set in the 2021-2024 Strategic Plan. 

Regarding acquisitions, knowmad mood completed three strategic purchases in 2024: 

  • Interwor: Strengthens the company’s service offering in IT infrastructure, communications, and security. 
  • ASERVO Software: Expands infrastructure capabilities for software development and enables entry into the German market. 
  • Grupo Antea: Marks entry into the Mexican market and reinforces knowmad mood’s position in cybersecurity. 

Publication of 2024 Audited Results and New Strategic Plan 2025-2028 

knowmad mood will publish its full audited 2024 financial results on BME Growth in April. At the same time, the company will introduce the key initiatives of its new 2025-2028 Strategic Plan, which aims to continue driving growth, profitability, and innovation in the coming years. 

“We are very pleased with our 2024 results and look forward to the future with optimism. Our focus on innovation, international expansion, and strengthening our capabilities uniquely positions us to continue leading digital transformation in the markets where we operate,” concluded José Manuel Rufino Fernández, President and CEO of knowmad mood. 

 

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