VTC records positive EBITDA of over €100 million, up 40.9% compared to 2022
“There is no need to announce it,” he explained. Juan de AntonioCEO of Cabify. Given the possibility of doing this exit in another country, he added: “We would like nothing more than to do this in another country.” Spain If this path is chosen.” The company’s good results, published Wednesday in its issue Annual Sustainability Report Last year, they made it clear that the group now viewed an IPO, which had been hovering over the market for some time, not as a priority, but as a future possibility “in an interesting context.”
The company considered 2023 to be “the best year in the company’s history in terms of business,” which translated into growth in the company’s sales volume. 30.7% (more than €830 million) for the third year in a row. Cabify recorded a gross profit (before tax) of €100 million last year, representing an increase of 40.9% compared to 2022. In the markets in which it operates, and taking into account car order (Passenger collection and transportation), the company achieved a very similar growth in revenue: in Spain it was 32%, and in Latin America 29%. In this vein, Juan Parbola, CFO of Cabify, stated that last year he had put solid foundations in place for the company to continue growing in a “sustainable and profitable” way.
From Cabify, with activity in Europe and Latin America, they highlighted that they have reached tie In terms of EBITDA (total operating result). Geographically, sales increased by 32% in Spain compared to 29% in Latin America.
According to the group’s environmental document, Cabify has managed to reduce the average CO2 emission rate per kilometre travelled in Spain by 6%, and 2% In case latin america. Investment-oriented data in I+D From Cabify, which has increased and 34% In 2023. In the words of its CEO, “Nearly 24 million R&D represents a firm commitment to continue workingInnovation and value creation For the future”.
In terms of employability, Cabify’s results classify 2023 as a “good year” in terms of job creation, as it increased by 22% Its staff size reaches 1,232 people. Approximately 46% of these professionals are located in Madrid, while the other 54% work locally from different markets.
