Making Science books record turnover of €108.2 million

making science - mediashotz

Making Science, a technology and digital marketing consultancy specialising in e-commerce and digital transformation, has reported a record €108.2m (£90.1m) in turnover for the last year, despite the impact of the global pandemic.

The Spain-based consultancy said this was almost double (87.7% more) the previous year.

Record turnover and margin growth

Additionally, gross margin amounted to 28.4m euros, which represents an increase of 91.7% compared to 2020. 

Recurring EBITDA, which is earnings before interest, tax and other charges, was 5.1m euros between January and December, 40.4% more than in the same period of the previous year. 

Making Science said the figures reflect significant organic growth in 2021. 

In “like-for-like” terms (compared to the existing scope as of December 31, 2020), turnover increased 52.9% and the recurring EBITDA stood at 6.4m euros, 34.2% more than in 2020. 

Moreover, the firm’s research and development activity has doubled, growing over 100% compared to 2020. 

This increase is related to the development of high-value technological tools for Making Science’s clients.

Solid plan for internationalisation

The company’s internationalisation plan has required significant investment throughout the year. 

The objective of these investments has been to provide structure to the acquired companies including Nara Media in the UK, and carry out integration programs. 

These international acquisitions have resulted in sizeable growth in all indicators of the international business income statement.

José Antonio Martínez Aguilar, Chairman & CEO of Making Science, said: “The results for 2021 reflect our solid path, as reflected in our business plan that we are fulfilling year after year. 

“The seven corporate operations carried out in the previous year have allowed us to continue with our objective of being present in the 20 main digital marketing markets by 2026. 

“We have also increased our headcount, which is fundamental because in the technology industry, having the best talent makes a huge competitive difference.”

The company said it will continue its aggressive international expansion strategy and has announced a plan to raise 30M euros of debt and capital to take on this expansion.