Fluendo reports a 12% revenue growth on 2018
March 13, 2019, 2:58 p.m.
Fluendo, the leading Spanish multimedia software company closed 2018 with revenues of 3,49M€, which represents a 12% increase over the previous year. Fluendo’s EBITDA was over 1M Euros, confirming the path to growth started in 2016 (25,5% since then), and validates the Company’s strategy throughout the last 3 years.
Fluendo has strengthen its multimedia software business line for the End User Computer market, where the company provides audio and video codecs to customers such as DELL, HP, IBM and IGEL. Fluendo has also reaffirmed its bet for the Digital TV sector with the first commercial agreements signed with Asian System on Chip (SoC) and Set Top Boxes (STB) companies to ingrate Fluendo’s DVB-DASH technology.
Besides its technological achievements, the growth of Fluendo’s engineering team allows to strengthen our expertise developing multimedia solutions in different platforms and provides Fluendo with more capacity to take over Consultancy projects in 2019.
“2018 arrived full of challenges for Fluendo. The results show that we largely overcame these challenges, and that sure makes us proud. The quick integration and cohesion of the staff that started working at Fluendo last year, over 12 professionals, have been key to achieving the growth of our multimedia products. There’s no doubt we face 2019 with good spirits and the clear objective of continuing to improve”, stated Mercè Delgado, CEO of Fluendo.