Airtificial Intelligence leads the falls in the Spanish stock market with a decline of more than 4.5% after tripling its losses in the first half of the year. Specifically, the group has recorded losses worth 3.1 million euros between January and June, which represents more than multiplying its ‘red numbers’ by three compared to the same period of the previous year, despite improving by 17 % your billing figure. This leads it to appear as one of the ‘red lanterns’, among which are also Ardilla Media (-3.7%), Nueva Expresion Textil (-3.4%) and Bodegas Riojanas (-3.4%) . In this way, the technology company’s shares are trading at 0.15 euros after accumulating a rebound of almost 180% so far this year.
The negative net result is due to the necessary expenses that the company has had to make to finance industrial technological growth, typical of the moment in which it finds itself, as well as the increase in financial expenses generalized in the market. However, according to the results report presented to the National Securities and Markets Commission (CNMV), Airtificial has earned 17% more in the first half compared to the same six months of 2022, reaching 49 million . of euros in billing.
The company’s geographic and product diversification strategy has begun to translate into improved business figures. Airtificial has not only improved its consolidated operating results but also those of each of its divisions. Thus, Intelligent Robots has achieved a turnover of 27.3 million euros (22% more than the previous year); Aerospace & Defense has reached 14.4 million euros (21% more); Inypsa’s Civil Works have achieved 7.3 million euros (a 1% increase).
Furthermore, geographical diversification has allowed the company to distribute the origin of its turnover. Thus, 28% of its turnover comes from Spain, 42% from America, 25% from the rest of Europe and, finally, 5% comes from Asia. In this last geographical area, the company hopes to continue growing in the future. For its part, the gross operating result (Ebitda) was 2.5 million euros, which represents an increase of 56% compared to the 1.6 million in the same period of 2022. In turn, the company has managed to obtain a positive operating cash flow.
