Knowmad Mood Sets Ambitious Growth Path With 2024 Revenue Outlook
Knowmad Mood, a technology consulting firm, is on course to close the year with total billing reaching 172 million euros. This figure represents a 33 percent rise from 2022, when the company reported 129.2 million euros in billing, according to estimates disclosed to BME Growth this week. The growth reflects contributions from Knowmad Mood’s own operations alongside its recent acquisitions, notably New Verve Consulting in the United Kingdom and the Spanish entity Incipy, both completed as part of a broader plan to expand internationally and deepen the range of technology services available to clients.
In the same outlook, Knowmad Mood expects to report an EBITDA of 14.7 million euros and a net profit of 7.3 million euros. These figures would mark a 41 percent increase from last year’s 5.0 to 10.4 million euro range, with an operating margin target of 8.5 percent for the year. The projections are rooted in an international growth strategy launched the prior year, which includes establishing a presence in the United Kingdom and the United States and expanding the firm’s geographic footprint across Europe and beyond.
The strategy involved opening new offices, acquiring New Verve Consulting, and inaugurating a dedicated center in Morocco that complements existing hubs in Spain, Italy, Portugal, and Uruguay. Since December, the group has been listed on BME Growth, signaling a formal step in its ongoing expansion and in its quest to provide broader technology capabilities to a global client base.
CEO Jose Manuel Rufino Fernandez remarks that the optimistic forecasts validate the company’s multi‑year strategy. He notes that the plan is delivering not only financial gains but also enhanced resources and specialized expertise that Knowmad Mood can offer to its clients. The executive emphasizes that the forecasts serve as a positive message for customers and investors, illustrating strength and security in the company’s trajectory.
Management expresses confidence in continuing to share favorable updates for the remainder of the year, including additional projections and forthcoming results for the next year. The ongoing narrative centers on sustained growth, expanded service offerings, and the ability to support clients across multiple regions through a diversified, international platform.