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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
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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.
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