Airtificial raises fresh capital to strengthen its growth
- The company’s Board of Directors has approved €20 million capital increase today to bolster the company’s growth in intelligent robots and defense’s areas, as well as to boost its international expansion.
Madrid, October 2, 2024. Airtificial has launched a capital raise worth €20 million today, aimed at reinforcing growth in four of the company´s strategic areas: the business units of intelligent robotics and aerospace defense, its international expansion, and the R&D area to diversify the business into new sectors. The Board of Directors has approved to expand the shareholder base with a total of 222,263,022 shares at a nominal value of €0.09, to be fully paid at the time of subscription. The stock closed today at €0.11 per share, making the subscription price of this capital increase reflect a 22.2% discount.
The main shareholders support the company’s strategy and show a new sign of their confidence by ensuring the subscription of at least a percentage of new shares equivalent to their current shareholding in this capital increase. All shareholders of the company hold preferential subscription rights of one new share for every six current shares, a right that can be exercised by those who have acquired shares up to the date the subscription offer announcement is made public.
This capital injection strengthens the company’s strategy to boost its growth in both the diversification of its product portfolio and its international expansion. In addition to reinforcing the business units of Intelligent Robots and Aerospace and Defense, two sectors currently experiencing global growth and development, Airtificial will advance important R&D developments. This aligns with its strategy to diversify its product portfolio by generating intra-group synergies and applying its engineering and materials know-how to enter new sectors, such as the pharmaceuticals, where automated lines with artificial intelligence will be applied to drug manufacturing. Regarding international expansion, another pillar of the Group’s growth strategy, Airtificial is focusing on bolstering its presence in America and Asia, mainly through intelligent robotics and applied engineering.
In its latest results, for the first half of the year, the company reported revenues of € 46.7 million, an EBITDA of €4.3 million, and a historic order book of €216 million.
About Airtificial
Airtificial offers global and innovative design and manufacturing solutions for the automotive, aeronautics, infrastructure and other industrial sectors, integrating advanced technologies such as robotics and artificial intelligence that together with human interaction contribute to a more sustainable development. Listed on the Continuous Market, the company has an operational presence in fourteen countries in the main markets of Europe, America and Asia; and contributes to the digital transformation and the automation and optimization of its customers’ processes in the industrial field through sustainable and competitive growth.
Press contact:
Fernando García & David Otero
Tel: +34 91 576 52 50 / +34 696 249 078
