Founded in 1994 in A Coruña, Altia currently has a large portfolio of clients, and it is worth noting the recurrence of this portfolio. Its main lines of business focus on outsourcing and maintenance of applications, design of its own solutions, development of applications, implementation of third-party solutions, technological consultancy and hardware and software supplies, among others.
Headquartered in A Coruña, Altia has seven more offices in the rest of Spain: Vigo, Vitoria, Santiago de Compostela, Madrid, Valladolid, Alicante and Toledo. In recent years, the company has signed important contracts, some of them at international level, thanks to which it intends to consolidate its expansion and growth.
Altia is, together with MásMóvil and Clerhp, the most valued company on the MAB, according to a study carried out by Mabia.
Since its listing on the Alternative Stock Market (MAB) in 2010, Altia has experienced continuous growth through the diversification of its services and its commitment to taking advantage of the outsourcing processes of other companies. As a result, the company has been able to maintain its strong position in the consultancy sector and achieve positive results year after year. In 2016, its profit amounted to €6.3m.
Since 2012, revenue has grown considerably and always in double digits, except for the last year, when revenue growth reached 2.22%. Non-recurring revenues, corresponding to hardware and software supplies, are the business line that has experienced the largest relative increase, up to €11.1M.
This change in the nature of revenues has changed the group's ratios. Until 2015, the characteristics of the consultancy business had allowed it to achieve returns in excess of 40% of invested capital. In the last financial year, the drop in margins on sales has led to a decrease in these ratios.
In terms of financial structure, Altia has a healthy balance sheet. Financial debt represents only 1% of its equity and it has negative solvency ratios.
In market terms, Altia shares peaked at €19. In 2016, its share price remained between €16 and €18, with an average P/E of 17 times earnings.
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