| The
breakdown of turnover by companies is as follows:
| Company |
Turnover in thousands of euros |
% of total |
| Azkoyen Comercial |
34.268 |
44,4 |
| Azkoyen Industrial |
26.622 |
34,5 |
| Azkoyen Medios de Pago |
16.266 |
21,1 |
| Total |
77.156 |
|
|
In the first 6 months of 2002 the Group's sales were 7,983 thousand euros, which is 9.4% lower than the same period in the previous year.
This drop in turnover was much more pronounced in the tobacco vending machines line, which dropped by 46% in June compared with the same month in the previous year.
As we stated in our communication to the National Securities Market Commission on 25 June, in the Company's opinion, the considerable decrease in sales and profits in the tobacco line must be largely attributed to the uncertainty generated among our customers by the anti-tobacco measures announced by the authorities.
It is difficult to estimate the impact that these statements and measures could have on our sales, until the uncertainties that have been generated have been cleared up by the appropriate authorities.
According to the information available to us at present, we expect those uncertainties to be cleared up shortly.
Regarding the individual information on Azkoyen, S.A., it should be pointed out that the decrease in profits from the same period in the previous year is mainly due to the profits obtained in 2001 as a result of the sale of shareholdings in Group companies, which until then had been entirely owned by Azkoyen, S.A., to other Group companies.
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