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Azkoyen Group
Azkoyen, S.A.
  Press releases







 
 
1 April 2002
Azkoyen Group improves its sales by 11.4% in the first quarter of 2002
Due to the "prolongation of the euro effect, which has now to an end"

Sales for the Azkoyen Group in the first three months of 2002 were 45.26 million euros, an improvement of 11.4% on the turnover recorded in the first quarter of 2001 (40.6 million euros). The first quarter of this financial year was "favourably affected by the prolongation of the euro effect, which has now to an end", according to information supplied to the National Securities Market Commission.

The results after tax are 3.26 million euros, 10% more than the consolidated profits after tax for the same period of the previous financial year.

In the first three months of this year, the line of business associated with the manufacture and sale of catering equipment and vending machines represented 58.5% of the total sales, with a turnover of 26.49 million euros. Mechanisms and systems for the selection, return and monitoring of methods of payment recorded sales of 10.94 million euros, 24.2% of the total, and the remainder (17.3%) corresponded to coffee and products sold.

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