Cabify shoots its business in Spain and multiplies its income by four, up to 72.9 million
Cabify gains ground in Spain.
The Spanish group concluded the year 2017 with a turnover of 72.96 million euros in its local market , that is, four times more than the turnover recorded in the previous year, as recorded in the last accounts deposited in the Commercial Register . The group attributes the progress of its business to the " penetration of the market share in all the cities where the company operates (Madrid, Barcelona, Malaga, Seville and Valencia.) Also, the company highlights that" the average workforce of the year it was 284 employees, 161% higher than the previous year ". At the close of the fiscal year, Cabify's workforce consisted of 183 workers and 112 workers, all of whom were permanent, accounting for a total of 295 employees. Personnel expenses amounted to 11.59 million euros, compared to 4.02 million euros the previous year. In the same period, the company recorded losses amounting to 3.67 million euros , a slight increase of 3% compared to the result of the previous year, when it lost 3.56 million euros. The gross operating profit (EBITDA) of Maxi Mobility Spain, one of the companies with which Cabify operates in Spain, was negative, of 5.14 million euros.
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