Catenon, the technology-based firm specialising in the global search for professionals and digital talent solutions, recorded last Friday the biggest daily rise of a company listed on the Spanish stock exchange so far in 2021, after the company’s first-quarter earnings preview. Last Friday, its shares rose after the advance of its first quarter accounts, which show an increase of 358% in profitability and 50% in sales. Listed on BME Growth, aimed at growth companies, its share price soared 71% on Friday.
According to its Q1 2021 sales preview report, Catenon recorded an increase in contracted sales of 49% more in the first quarter of 2020 and 39% more than in the fourth quarter of 2020. Its gross margin rose 21%, while Ebitda (gross operating profit) went from a loss in the first quarter of 2020 to a profit (+358%) in the same period this year. It also ended March with positive working capital, net debt at an all-time low and a solid liquidity position.
Catenon’s business model based on the digitalisation of its operations for the identification and search of professionals anywhere in the world and the remote work of its team through technological platforms has been reinforced as a powerful competitive advantage in a situation such as that arising from Covid-19 and as a structural formula for the future.
This was evident in all its business units in the first quarter of 2021, a period in which all offices grew, not only compared to the same period in 2020, but also compared to 2019. Also during the start of 2021, the growth in revenues (+311%) of its Catenon Partners Program, as a model of scalability and inorganic expansion of the company, as well as TalentHackers, its new unit specialising in technological profiles based on data technologies, with a growth of 324% year-on-year and exceeding in a single quarter the annual revenues of 2020.
This quarter also saw the addition of two awards for Catenon’s business model, based on #technology, #innovation and #constant #disruption, which has particularly highlighted its value and strength in this time of extreme market complexity resulting from #COVID19:
– Talent Hackers Catenon’s nodal technology platform for the identification and activation of IT talent, won the I EDITION OF THE INNOVARH AWARDS, as “Best Innovative Initiative by an HR company”, chosen by the more than
600 HR managers associated with AEDIPE CENTHRO.
– Catenon, AENOA 2021 award for its innovation project and its track record in global search for professionals thanks to technology.
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