- Exceptional performance in the third quarter with cumulative revenues of €146.9 million, and a 17.1% growth compared to the same period last year.
- Normalized EBITDA recorded a notable 29.9% increase over the third quarter of last year, reaching €10.3 million.
knowmad mood, a leading company in technology consulting and digital transformation with a presence in international markets and listed on BME Growth since December 2022, has presented its unaudited cumulative results for the third quarter of 2024, reflecting sustained growth and strategic market expansion.
Year-to-date, knowmad mood has achieved a 17.1% increase in cumulative revenue compared to the same period in 2023, reaching €146.9 million compared to €125.4 million the previous year. In addition, cumulative normalized EBITDA grew significantly by 29.9%, standing at €10.3 million compared to €7.9 million at the close of the third quarter last year.
Internationally, the business showed solid performance, with cumulative revenue growth of 56.9%, reaching €16.2 million compared to €10.3 million during the same period last year.
This outstanding performance is further strengthened by the recent acquisition of Grupo Antea, a leading cybersecurity company with operations in Spain and Mexico. This integration has reinforced knowmad mood’s position in the sector, opening new opportunities in the Mexican market and supporting its expansion plans in the United States.
“The excellent results in the first 9 months of the year reaffirm the strength of our strategy to combine strong growth with substantial increases in profitability. The year-to-date increase of 17.1% in revenue and 29.9% in normalized EBITDA shows that we remain on the right path to continue growing and expanding at excellent rates, with even higher percentage growth in terms of normalized EBITDA. We continue to demonstrate that focusing on delivering value to our clients through excellence in delivery, international geographic support, and a broader service portfolio enables us to maintain outstanding performance even under the current challenging macroeconomic circumstances,” said José Manuel Rufino, President and CEO of knowmad mood.
With a solid financial foundation, an international presence, and a team of more than 2,700 highly qualified professionals, knowmad mood is well-positioned to leverage market opportunities and sustain its growth momentum through the remainder of the year.