The IDP Group surpasses 30 million euros in revenue in the fiscal year 2023 and grows by 10% compared to 2022

The IDP Group surpasses 30 million euros in revenue in the fiscal year 2023 and grows by 10% compared to 2022

The engineering group IDP, a leader in Spain in the development of projects using BIM technology (Building Information Modeling), closed the fiscal year 2023 with consolidated revenues of 30.3 million euros, of which 92% of the revenue comes from the private sector and 8% from the public sector, representing a 10% increase compared to the same period of the previous year. EBITDA stands at 6.6 million euros, equivalent to 21.8% of revenues, representing a 12% growth compared to the 2022 fiscal year, reflecting solid profitability and operational efficiency.

During this period, the company has achieved sustained growth and has consolidated its position in the market. It has a backlog amounting to 66.4 million euros, reflecting a 33% growth compared to the 2022 backlog, indicating a solid workflow and promising prospects for the future.

Among the executed projects, notable actions include the Industrial Plant for the assembly of SEAT battery cells located in the industrial center of Martorell (Barcelona) with an investment of 400 million euros; the Industrial Plant for the production of elecfoil (a copper sheet essential for the manufacture of lithium battery cells) for the Korean multinational LOTTE, located in Mont-roig del Camp (Tarragona) with an investment of 1.2 billion euros; the DHL Express international urgent transport hub at Josep Tarradellas Barcelona-El Prat airport with an investment of 80 million euros; the LIDL Logistics Center in Martorell (Barcelona) with an investment of 140 million euros; the Environmental Center of the Pamplona Region in Imarcoáin (Navarra) with an investment of 66 million euros; the Organic Matter Treatment Plant in the Valdemingómez Technological Park (Madrid) with an investment of 33 million euros; or the renewal of the framework contract as a reference Engineering company to provide engineering, management, and technical assistance services in Medium and Low Voltage in several autonomous communities of Spain, including Aragon, the Canary Islands, Extremadura, and Andalusia until 2026 for Endesa (E-Distribution). These projects demonstrate the company’s ability to address complex technological challenges and its commitment to providing innovative and sustainable solutions to its clients.

Investment in R&D has grown to reach 5.5% of annual revenues in 2023, also highlighting participation in various projects funded by the European Union focused on decarbonization and digitization lines.

Regarding human capital, the IDP Group currently has a team of 512 highly qualified professionals. Of these, 82% have a university degree and 30% are women. Diversity and talent are fundamental pillars in the company’s growth strategy.

The IDP Group is present in 10 cities across the national territory, with offices in Sabadell (Barcelona), Madrid, Zaragoza, Malaga, A Coruña, Córdoba, Tenerife, Las Palmas, Lugo, and Cartagena. This wide and diversified geographical coverage allows the company to efficiently serve its clients and strengthen its position in the market.

Regarding the budget for the year 2024, based on the solid performance recorded in 2023 and previous years, continuous growth in the financial results of the IDP Group is expected. Consolidated revenues for the period are estimated to reach 34.4 million euros, representing a 14% growth compared to the previous year, while EBITDA is expected to increase to 7.7 million euros, reflecting an 18% growth compared to the previous fiscal year.

We are very pleased with the results achieved in the past year 2023, the result of the effort and dedication of our entire team and the trust that our clients place in us. We fully trust in achieving the Group’s outlook for 2024,” stated Enric Blasco, CEO of the IDP Group. “We remain committed to excellence in providing our services and to the constant search for innovative solutions to meet the needs of our clients, and we look to the future with optimism and determination, ready to face new challenges and continue exceeding expectations.”