Babel, a Spanish multinational technology company specializing in digital transformation, closed the 2024 financial year with revenues of 202 million euros, representing a 13% growth compared to 2023. The company achieved an EBITDA of 12% (24 million euros) and consolidated its team with 3,300 employees, recording a turnover rate of 14.5%.
Babel’s growth in 2024 was mainly driven by organic business. Additionally, the company strengthened its presence in Portugal with the acquisition and integration of the technology firm Kinet IT, which added 2.6 million euros in revenue. Currently, 30% of its business volume comes from markets outside Spain, approaching 60 million euros.
Babel continued to invest in exponential technologies such as Artificial Intelligence, Cybersecurity, Data & Analytics, Hyperautomation, and Low Code, enabling a 35% growth in this segment compared to 2023, through high-value-added projects.
Strategic plan and objectives for 2025
For 2025, Babel announced the launch of its new strategic plan, ‘Hyperspace Plan 2029,’ which combines sustained double-digit annual organic growth with an acquisition and integration strategy, allowing the company to multiply its current numbers by five in approximately five years.
By the end of 2025, the company has set a goal of surpassing €230M in organic revenue and reaching €260M through acquisitions, representing growth of over 25% compared to 2024, while maintaining an EBITDA of 12%.
Among its strategic priorities, in addition to investing in exponential technologies, the company highlights the launch of ‘Transformation powered by AI.’ This initiative reinforces Babel’s commitment to Artificial Intelligence and, in collaboration with OpenAI, will apply generative AI both in client solutions and in the internal optimization of its processes. Furthermore, the company aims to establish itself as a leading Cybersecurity provider for Tier 1 clients.
In summary, 2025 is anticipated to be a transformative year for Babel. We face ambitious challenges and great opportunities that will allow us to continue growing and consolidating our position in the sector.