Corporation Patricio Echeverría reaches a profit of 7,8 M before taxles
on June 22, 2011
Corporation Patricio Echeverría, specialist in the sectors of hand tools for the agriculture, gardening, construction, and in the one of components of would scheme agricultural, with marks it Acorn, has presented in May his results of 2010 with a profit before taxles of 7,8 M, 5,4 M net of taxles, accompanied of a positive evolution of the sales in all the markets where the signature operates.
The growth in sales and improvement of the result of the operations of 75%, confirm the effectiveness of the actions raised by Corporación Patricio Echeverría for this exercise, based on a plan of industrial investment, a reorientation of their marketing actions, the launch of a new model of marketing in Venezuela and a plan of rationalization of expenses.
The success of every business in foreign markets make the group to reach 80% of its turnover outside the market Iberian, allowing an excellent geographic diversification of its sales in 2010.
From principles of 2010 the group has increased his staff in 141 people, 50 of them in his plants of Legazpi (Gipuzkoa) and Olloki (Navarra), where is implementing a plan of investments in automation of productive installations by value of 6 M.
The current Outlook for 2011 are cautious optimism as the positive developments to date can be affected by the risks involved in the Spanish market, the weakness of consumption in the U.S. and, in general, the unstable macroeconomic conditions at the international level.
