Turnover
grew by 1.9% during the first quarter of 2003
Azkoyen Group results show a trend towards recovery
with turnover of 25.5 million euros, i.e. growth
of 1.9% compared with the last quarter of 2002.
After having started renewing its product range and
introducing new business lines, sales of Drinks and
Snacks Vending Machines have grown by 19.5%, Coffee
and Marketed Products by 5.2% and sales of Payment
Methods by 18%.
Sales of one of the traditional products, cigarette
vending machines, have experienced a fall of 12% compared
with the last quarter of 2002. Despite the result,
Azkoyen has maintained its position as leader in the
Spanish vending machines sector.
As a result of the improvement in turnover, there
has also been a change in the trend of Pre-Tax Profits
and the negative trend of the last quarter of 2002
has been curtailed:
| |
Thousands
of euros |
| |
1st
quarter
2002
|
2nd quarter 2002
|
3rd quarter
2002
|
4th
quarter
2002
|
1st
quarter
2003
|
| Pre-tax Profits, discounting
the results of previous years |
4.149 |
80 |
(3.114) |
(6.476) |
(4.596) |
|
(*) The adjusted results are
accounted results which have had the effects of costs
and income of previous years eliminated
The Azkoyen Group aims to continue this positive
change in trend by strengthening its product diversification
and renewal strategy, which will favour an acceleration
in turnover and a positive improvement to its net result.
The technological capacity maintained by the Azkoyen
Group has been strengthened during the first quarter
with investment in R+D of 1.8 million euros intended
for the renewal of its product range and the development
of new business lines.
|
