Grupo Atitlan closed the 2024 fiscal year with positive results, reflecting sustained growth and a strong validation of its multisector investment model. The group and its portfolio companies achieved consolidated revenues of €302 million (+27%), marking a record high in the project’s 20-year history. Recurrent EBITDA reached €24 million (+60%), and assets under management exceeded €1.5 billion.
These figures are the result of several operations carried out during the year, as well as the organic expansion of its specialized investment platforms: agriculture and food (Elaia, ATGRO, and Sea Eight), real estate (ATDI), industrial and services (including Imex), and financial services (mainly Terram Capital). By focusing on these four major verticals, Atitlan aims to maximize efficiency and competitiveness.
This performance highlights Atitlan’s strong operational execution and its ability to deliver sustainable results in a period marked by “significant complexity in the global economic and geopolitical environment,” as noted by founders Roberto Centeno (Chairman) and Aritza Rodero (CEO) in their letter to stakeholders. They emphasized “adaptability, innovation, and simplicity as the pillars of our growth.”
The figure for assets under management has grown significantly, surpassing €1.5 billion. This increase is driven by two key milestones: the launch of the ATGRO agricultural investment platform in partnership with Banco Santander, which will manage a fund of up to €500 million (currently in the commercialization phase); and the acquisitions made through ATDI in the logistics sector (industrial warehouses) and retail (Equinoccio Shopping Center).
With these results, Atitlan consolidates in 2024 its value creation model based on active, diversified, and responsible management, reaffirming its commitment to sustainable business development and to having a positive impact on the regions and sectors where it operates. Having invested more than €2.2 billion since 2005, the group now employs over 10,000 people and stands as a benchmark in the Spanish middle market.
It is also worth highlighting the group’s philanthropic initiatives, which focus on access to education and equal opportunities. In 2024, these efforts were notably expanded to support relief and reconstruction actions following the floods that struck Valencia in October. Both Atitlan’s team and those of its portfolio companies have actively participated and remain involved in various recovery projects.
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