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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at MAT Holding incrementa sus ventas un 29% en el primer trimestre de 2011

MAT Holding increases its sales by 29% in the first quarter of 2011

25/05/2011

May 25, 2011

MAT Holding, specialised/specialized in salts of copper for agriculture (IQV) and number one in the Spanish market in distribution of products of irrigation by dripping (Regaber), has closed his turnover of the first quarter in 43,6 million euros, what supposes an increase of 29,1% with regard to the same period of 2010. 77,2% of the turnover corresponds to the phytosanitary division (33,6 million euros) and 22,8% to the division of waters (9,9 million euros).

With an increase of 72,3%, the sales in the external markets of 19,6 million euros have promoted the progression generalised/generalized of the income of the company. By his part the sales in the national market have increased in 7,1%. MAT Holding is at present present in 55 countries and has foreseen to initiate commercial activity in Australia, South Korea, Cuba, Serbia and Tanzania during 2011. Besides, the group is studying the acquisition of a foreign company with the aim to develop his division of waters and improve the international presence of the company in the sector of the water.

Pau Relat, adviser delegated of the company, has stood out that “the strength of the results achieved during the first quarter so much in Europe, as in Asia, Africa, Sudamérica and Orient Next, is turning into the engine of our growth. The strategy of internationalisation/internationalization taken by MAT Holding has increased the weight of our international turnover of the 11,3 million euros to the 19,6 million euros those that supposes 45% of our total sales”.

So much the Phytosanitary division (IQV) like the division of Waters (Regaber, Hidroglobal) keep a favourable/favorable evolution. The phytosanitary division, that represents 77,2% of the turnover has achieved to increase his sales 37,5% whereas the division of Waters with 22,8% of the total income has increased 6,8%.

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