News

Cuatroochenta
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surpasses
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one
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million
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euros
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in
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net
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profit
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for
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the
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first
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time
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after
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growing
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23%
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in
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2024

BME Growth  ·  Investors  ·  Present

Since its listing on BME Growth five years ago, the technology company has quadrupled its revenues and increased EBITDA sixfold, reaching an operating cash flow of €5.1 million in 2024.

A 23% growth rate, net profit surpassing one million euros for the first time, and strengthened financial muscle position Cuatroochenta to scale both organically and through acquisitions. The company presents annual results that combine growth and profitability in a sustainable manner, successfully leveraging technological innovation—through software-as-a-service (SaaS) and cybersecurity—into strong financial performance. These achievements are detailed in the 2024 Financial Report published on BME Growth and shared in an innovative format: a conversation recorded on April 8 with Joan Tubau, Professor of Economics at UPF and creator of the Kapital podcast.

Cuatroochenta's revenue in 2024 reached €27.6 million, representing a 23% increase compared to the previous year. Notably, its Annual Recurring Revenue (ARR) exceeded €19 million, up from €15 million in 2023, now accounting for nearly 70% of total revenue—a key indicator of the business’s quality and predictability.

This positive performance is supported by all business lines and the markets in which the company operates (Spain and Latin America), including its facility and service management platforms (FAMA and CheckingPlan), as well as its vertical enterprise software solutions as a partner of Microsoft (Ekamat) and Zoho (Conpas). Particularly noteworthy is the contribution of cybersecurity services: Sofistic, its specialized unit, now represents over 42% of total revenue after growing by 38%, with a substantial improvement in profitability.

Cybersecurity Business Volume (Sofistic)
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Increase in Sofistic’s Revenue since its Acquisition (2019)

Cuatroochenta has quadrupled in size and increased its EBITDA sixfold in five years

The company’s growth has fueled greater efficiency and financial strength, with the Group’s EBITDA margin rising above 11.7% in 2024 and exceeding €3.2 million, while consolidated net profit surpassed €1 million. Since its listing on BME Growth in 2020, Cuatroochenta has multiplied its revenue by four and its EBITDA by six. In the last fiscal year alone, net profit increased 6.5 times.

Operating cash flow more than doubled to reach €5.1 million in 2024, up from €2 million in 2023, enabling a reduction in net financial debt to below €5 million. In terms of net financial debt to EBITDA (Net Debt/EBITDA), the ratio improved significantly to 1.5x compared to 3.7x in 2023.

The company's performance has been reflected in a strong upward trend in its share price on BME Growth, with a 59% increase in 2024—significantly outperforming the benchmark index for listed companies on this market, the Ibex Growth Market 15, which declined by 25%. This trend has accelerated in 2025: the share price rose from €7 at the end of 2023 to €12.9 as of April 29, 2025, representing an 84% increase.

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Revenue since 2020
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EBITDA since 2020

“Cuatroochenta is thus demonstrating its ability to generate positive operating cash flow and accelerate the Group’s deleveraging, as well as to increase investment and drive growth,” explained the company’s CFO, Javier Rillo, who also emphasized that all key figures have exceeded forecasts from analysts such as JB Capital.

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According to Cebrián, “the key to Cuatroochenta’s success lies in the team’s ability to transform the complexity of technology-based businesses into financial clarity—by focusing on recurring revenue, scalability, and a predictable model, which in turn translates into tangible value for both clients and investors. This is combined with an efficient use of capital to execute strategic investments.”

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Cuatroochenta’s net revenue reached €27.6 million in 2024, representing a 23% increase, driven by €19.3 million in annual recurring revenue (ARR).

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