The company has accumulated three consecutive years of growth above 30% and has invested more than $75 million in the past five years.
Spanish mobility company Capify It closed last year with strong growth in its income, which approached $900 million (€830 million at the current exchange rate), representing an increase of 31% compared to last year. Figures from the previous year.
This was announced on Wednesday by the CEO and founder of Cabify, Juan de AntonioWhich indicates that the company has accumulated three consecutive years with an increase in its sales volume of more than 30% (32% in 2022 and 44% in 2021).
This increase in income has also translated into an improvement in… Cost effectivenessThe company, which operates in seven countries in Europe and Latin America (50 cities), recorded a pre-tax profit of $111.1 million, which translates to a 41% increase compared to 2022.
In addition, the company has been able to maintain profitability, with Tie On the one hand Total operating result (EBITDA), In terms of the net result, 2023 was the year of crystallization of profitability in terms of EBITDA, while net profitability will arrive later. The company was able to achieve sales growth of 29% in Latin America, while progress in Spain reached 32%.
The company’s idea is to continue growing its business in the coming years. To do this, it continues to invest, disbursing $23.9 million I+D During the past year, that is, by 33.6% over the previous year. In five years, the accumulated investment has exceeded $75 million.
Juan de Antonio highlighted this division Capify Logistics It doubled its income last year, due to the development of new business lines in this field, such as 24-hour deliveries. Currently, this service is available in Argentina, Chile, Colombia and Peru.
Cabify has increased its global workforce by 22%, to 1,200 people, 46% of whom work in Spain. It also has more than 310,000 drivers all over the world.
The idea of the brand is to continue expanding its presence in the markets and cities in which it is present as well as reaching new locations. To achieve this, it will choose a sustainable strategy, with a project to electrify its vehicle fleet. In Spain, it plans to have its fleet as well electrical In 2025 and in 2030 latin america.
Appearance to the community
The founder of the mobility company noted that this is possible IPO For the company, it is a possibility that is being studied for the future, although he stressed that it is not a requirement.
De Antonio noted that Cabify is achieving positive results in terms of billings and profitability, which allows it to obtain… Resources needed To continue generating the impact you are trying to achieve.
“There is no need to go public, it is an option that is being considered in the future because it could be interesting,” the entity’s first CEO said, noting that a suitable place for a debut on the stock market had not yet been considered. Although he stressed that being a Spanish company, “you want nothing more” than to be in Spain.
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