Increase in LLYC FY revenue and revenue

Revenues reached €64.1 million for LLYC, which made three acquisitions in 2021. Organic revenue growth was 21% and overall growth compared to pre-COVID-19 2019 was 33 %.

Underlying profit (EBITDA) in 2021 increased by 51%, with organic growth of 36% and growth compared to 2019 of 25%. Net profit increased by 134.6% to 5.3 million euros.

LLYC said the results mean it is on track to double in size by 2024 to reach an annual turnover of 100 million euros.

The company, which floated on Spanish stock market BME Growth in July, bought Spanish ad agencies Apache and China in 2021, alongside Mexican data-driven creative firm Beso. Its workforce following the acquisitions increased by nearly 40% to just under 1,000 people.

LLYC debuted on BME Growth with a market cap of €109 million. Since its IPO, it has attracted more than 1,300 retail and institutional investors.

José Antonio Llorente, Founding Partner and Chairman of LLYC, said: “2021 has been a very positive year for the company. It was marked by the growth and digital transformation of the company. The launch on BME Growth and the incorporation of Apache, China and Beso allowed us to take a step forward in our technological and creative capacity and our competitiveness. Nothing would be possible without the efforts of the team of professionals that we have in our clear commitment to the talent and trust that our clients place in us.

LLYC, which has offices across Europe and the Americas, won 128 national and international awards and honors in 2021, which is a new record. This includes Best Agency in Europe (Excluding UK) at the PRWeek Global Awards.

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