Azkoyen, S.A.Azkoyen Hostelerķa, S.A.Azkoyen Industrial, S.A.Azkoyen Medios de Pago, S.A.Coges, S.A.Stock exchange rate
Azkoyen Group
Azkoyen, S.A.
  Press releases







 
 
March 2000
In 1999, profits for the Azkoyen Group improved by 21.3%

In 1999, having achieved sales of 21,257 million pesetas (127.8 million euros)

In the past financial year 2,295 million pesetas have been invested in fixed assets and 955 million in R&D


In 1999 the Azkoyen Group increased its total sales by 11.1% compared with the previous financial year, while the consolidated results after tax show an improvement of 21.3% on the profits in 1998.

Official sources in the Group have described the trends of its companies as "positive", with a total turnover of 21,257 million pesetas (127.8 million euros) compared with 19,130 million pesetas (115 million euros) in 1998. 33.9% of the total sales were on the international markets, on which the increase on 1998 turnover was 20%. The growth on the domestic market was 7.1%.

In the general development of the income statement for the consolidated group, it should be highlighted that, during 1999, the consolidated result before tax was 2,003 million pesetas, which, compared with the 1,932 million pesetas in the previous financial year, represents an increase of 3.7%. Taking into account the estimate for tax on profits for the last financial year, the results after tax are 1,724 million pesetas (10.4 million euros), compared with 1,421 million in the 1998 financial year, which represents an increase of 21.3%.

In the last financial year investments in fixed assets amounted to 2,295 million pesetas and R&D expenditure increased by 27% to 950 million pesetas.

Among the investments in 1999 was the construction and putting into operation of a new, fully automated coffee roasting plant. Its production capacity is more than 10,000 tonnes per year and the investment amounted to 615 million pesetas.

Azkoyen (the national leader in the manufacture and sale of automatic vending machines, selection mechanisms, development and monitoring of methods of payment and catering and coffee roasting machinery) involves a total of nine companies: three industrial plants and six sales companies.

< back
 
  Azkoyen Group home page Site map · Help · Suggestions