LLYC celebrates its first year on BME Growth with an appreciation of 11,2%
LLYC celebrates its first year of trading on BME Growth today. Its shares debuted on the stock exchange at 9.39 euros and started the session this Friday at 10,45 euros, with which the share has appreciated 11,2%. The market capitalization of the communications, digital marketing and public affairs consultancy is currently close to 122 million euros. Over the last twelve months, LLYC shares have outperformed the Ibex Growth Market index average, which has grown by 2,1%.
“The assessment of this first year of listing is very positive. Our expectations have been met. Through being listed on BME Growth, we have been able to make acquisitions and access better financing conditions. One of the things LLYC’s management team is most proud of is having fulfilled the commitments we made to investors,” José Antonio Llorente, Founding Partner and Chairman of LLYC, maintained.
Llorente believes that many things have changed for the better at LLYC during this time: “Listed status is a requirement, but it is also a clear improvement in terms of corporate governance, for example. We are a more balanced company in our decision making, more responsible and much more transparent, very open to the relationship with investors who have committed to our growth plan”.
In its quest for transparency, LLYC has had analysis coverage since the end of 2021. The reports published in the last year have been very favorable. Lighthouse, for example, considers the consultancy to be “much more than a fortress“. In its notes, it highlighted the firm’s combination of defensiveness in the face of cycles thanks to the diversification of areas, together with high growth rates. It also reflected the track-record of the management team, commitment to best practices at the governance level and full alignment with minority investors.
The firm has just released a preview of its first-half results. LLYC posted total revenues of €43.6 million. The figure is 70% higher than that obtained in the same period of 2021. Operating revenues (total revenues less re-invoicing of services to customers) rose 53% to €35.6 million. Meanwhile, recurring EBITDA (gross operating profit) improved by 25% to €8.1 million.
Here is a video with images and statements by José Antonio Llorente.