CapifyThe Ibero-American mobility company had the best year in its history in terms of business, growing its sales by 30.7% to reach US$899.1 million globally.
This is the third year in a row that business volume growth has exceeded 30%, after recording an increase of 32% in 2022 and 44% in 2021, a year marked by the pandemic. Moreover, the good performance highlights the company’s total profits, which rose to 11.1 million in 2023, up 40.9% from 2022.
Now, one of the main challenges for 2024 is to maintain this profitability. It is worth noting that Capify It maintained break-even EBITDA in 2023, improving this operating metric last year. In the ride-hailing sector, Cabify’s main business, the variation between Spain and Latin America was very similar in terms of billings, with growth of 32% and 29% respectively.
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My respect to Capify LogisticsThe company’s newest sector, Capify It continues to make investments to bet on its profitable growth. Although still a small percentage of the company’s total business, Cabify Logistics doubled its revenue in 2023 thanks to broad growth in new business lines such as 24-hour deliveries. This business line, present in Argentina, Chile, Colombia and Peru, is showing growth that reflects the significant opportunities in these markets..
“The results obtained in 2023 are a reflection of the trust that users and businesses place in Cabify. Day after day, we help millions of people move around cities in a sustainable way, generating income for hundreds of thousands of drivers who connect to the app and improving the quality of life in cities.“It is to explain Juan de Antonio, CEO and Founder of Cabify.
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