Skip to main content

LLYC’s operating revenue grows 12% in the first half of 2024, reaching 43.2 million euros

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Audited results

  • The acquisition of Lambert by LLYC in the U.S. drives business growth
  • Effective expense management has led to an EBITDA margin of 16%
  • The firm concludes a record-breaking semester in investments.
  • 2024 is shaping up to be a transformational year for the company

MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) — LLYC (BME:LLYC) closed the first half of 2024 with an operating revenue of 43.2 million euros, marking a 12% increase compared to last year. Total income (which includes client service recharges) improved by 16%, reaching 54.5 million euros. As shown in the audited results, the firm’s growth has been driven by the acquisition of Lambert in the United States in February. LLYC’s Marketing and Corporate Affairs practice achieved a 16% margin with a recurring EBITDA of 6.9 million euros.

2024 is shaping up to be a transformational year for the company. LLYC is stepping up as a key partner in marketing solutions, improving its corporate affairs services, and updating its organizational structure to be more flexible and effective.

In recent months, LLYC has secured significant Marketing accounts (including Vodafone, Turespaña, IFEMA Madrid, and GWM), demonstrating the uniqueness of its service offering. The company has also fully integrated BESO by LLYC and Apache part of LLYC (both acquired in 2021), creating a comprehensive Brand & Ad services, Paid Media and Performance, Growth, and Deep Learning solutions portfolio.

The 1.1 million euros invested in RDI have yielded AI-powered solutions that are already being applied across both Marketing and Corporate Affairs.

The U.S. as a growth driver

The acquisition of Lambert by LLYC has bolstered LLYC’s size and positioning in the U.S., the sector’s key market. The successful progress in integration has accelerated the consolidation of the firm’s operations in the country, culminating in a new management structure announced last week.

Following these strong results, LLYC has decided to focus its U.S. operations on the East Coast, Florida, and the Midwest. BAM has been excluded from the consolidation perimeter due to integration challenges.

Record investments

In the first half of 2024, LLYC spent 30 million euros for new acquisitions. In addition to acquiring Lambert, LLYC has completed negotiations to acquire Dattis in Colombia and Zeus in Spain. Both of these acquisitions have started contributing to the company’s results in the second half of 2024.

LLYC secured a syndicated financing agreement to support these investments in June, amounting to 47 million euros. The credit, signed with CaixaBank and Banco Santander, equips LLYC with the necessary funds to continue its organic and inorganic growth over the coming years.

LLYC holds a solid financial position, with a debt ratio below 1.5x EBITDA this semester, which is in line with the firm’s commitment to the market.

“In 2024, LLYC is focusing on investment and transformation,” said Alejandro Romero, Partner and Global CEO of LLYC. “With our new organizational model and recent acquisitions, we’re setting the stage to support the firm’s future growth. Our clear focus is on innovation, creativity, top talent, and high-potential markets like the United States, where our presence has been strengthened following the Lambert acquisition. The recent contracts we’ve secured reinforce our position as a strategic partner in marketing solutions

About LLYC

LLYC (BME:LLYC) is a global Corporate Affairs and Marketing consulting firm that partners with its clients in creativity, influence, and innovation to enhance and protect the value of their businesses, turning every day into an opportunity to grow their brands.

Founded in 1995, LLYC is present in the United States (Miami, New York, San Diego, Washington, DC, Grand Rapids, Detroit, St. Louis and Phoenix), Argentina, Brazil (São Paulo and Rio de Janeiro), Brussels, Colombia, Chile, the Dominican Republic, Ecuador, Mexico, Panama, Peru, Portugal and Spain (Madrid, Valencia and Barcelona).

In 2023, LLYC’s operating revenues exceeded 83.1 million euros. LLYC is ranked as one of the 35 largest communications companies worldwide, according to PRWeek and PRovoke. LLYC was named the Top Communications Consultant in Europe at the 2022 PRWeek Global Awards and Communications Consultant of the Year in Latin America in 2023 by PRovoke.

Press contact:

Sandra Ramos
sandra.ramos@llyc.global
llyc.global

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.