Press releases

Madrid, Spain.– May 7, 2025 – Technology company Lleida.net (BME: LLN) (EPA: ALLN) (OTCQX: LLEIF) has received a new research report from Checkpoint Partners, which reiterates its ‘Buy’ rating and raises the price target to €4 per share.

The report, authored by analyst Guillermo Serrano, highlights Lleida.net’s strong financial rebound, including a 477% increase in profit before tax and a 129% rise in EBITDA year-on-year in Q1 2025, fuelled by growth in its SaaS and Commercial SMS business lines.

Serrano noted: “We are raising our 12–18-month price target to €4.00 (vs €3.00), which would place the stock at a 2026 EV/EBITDA (cash) multiple of 14x. Our target multiple remains unchanged; our increased EBITDA estimates solely drive the increase.”

The report further points out that Lleida.net shares are currently trading at significantly lower multiples compared to sector peers.

It states: “LLN is now trading on 2025 and 2026 EV/EBITDA (cash) multiples of 7x and 5x, respectively — in our view, is inconsistent with the valuation multiples of a growth company.”

Serrano added: “We now expect Lleida.net to deliver an EBITDA of €3.7 million in 2025 (vs €2.8 million) and a Net Profit of €2.3 million (vs €1.3 million).”

Lleida.net posted its best-ever quarterly results between January and March 2025, reporting sales of €5.29 million, a 12% increase compared to the same period last year. The company achieved an EBITDA of €1.22 million in Q1, up 84%, making it the most successful quarter in its history.

Operating profit in the first quarter reached €716,000, up 387% year-on-year, while pre-tax profit rose to €641,000, a 477% increase — both record figures for the company.

Founded in 1995, Lleida.net is a European leader in certification, notification, and registered electronic signature services.

The company holds over 300 patents in more than 60 countries and has been listed for 10 years on BME Growth (Madrid), Euronext Paris, OTCQX New York, Stuttgart, and Frankfurt.