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Azkoyen has consolidated the change in trends which
began early this year. Its strategic redesign and
the renovation of its product range have prompted
a 13.6% rise in turnover during this year’s
second quarter.
The business units with the most promising future
prospects were the ones that grew the most. Vending
and Payment Systems grew by more than 30 % while Catering
Machinery experienced a 25 % growth. Tobacco Machines
reduced its downward trend in sales, pointing to stabilisation.
A positive development in turnover, improvements in
process efficiency and a cost containment policy have
cut down negative results before taxes by over 50 %
during the second quarter with respect to the first
quarter of 2003.
Maintained sales growth and more emphasis on the abovementioned
action lines will favour the achievement of positive
results during the last months of the year.
The Strategic Plan 2003 – 2006 maintains investments
in R&D aimed at updating the current product range
and launching new products during the next few months
and throughout 2004.
The Strategic Plan’s main lines of action are:
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Consolidation
and reinforcement of Azkoyen’s position in
the markets in which it currently operates. |
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Diversification
in markets/products and markets/regions. |
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Corporative
and organisational redesign |
The results obtained during the first semester and
the continuing implementation of the Strategic Plan
will enable a progressive recovery of company’s
profit margins over the coming years.
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