The rise in aluminum and the increase in demand increased Extrusax’s turnover to 172 million

In this way, the company broke its turnover record. 172 million euros Compared to 132.7 million at the end of last year, according to the company’s balance sheets deposited with the Trade Registry. In addition, a good development is reflected in the results, which improved by 81% and reached the highest level, despite the increase in costs. The net profit figure was 7.9 million euros.

As stated in the management report accompanying the accounts and approved by the manager, Jorge GomezMost of the increase in bills was due to: raw material riseThis has a direct impact on the final price of your products. Therefore, it is worth remembering that aluminum is also one of the prominent products. Its price increased rapidly after the end of the pandemic due to bottlenecks in maritime transportation and the production of many materials.

But Gómez also points out that: high demand recorded particularly in the first half of the year and to which the company responded. investments made to start two new extrusion lines Added to the five applications it already has between its facilities in Sax and Murcia is the process of pressure molding aluminum to give it the desired shape. Lines that are also more efficient the latest technology This contributed to the improvement of figures in the sector.

As usual Extrusax did it More than two-thirds of its turnover is abroad and in fact it was shipments to the European Union that supported much of its growth. Like this, Total exports from the rest of the Community countries reached 108.8 million compared to 71.3 million euros in the previous year. According to the company’s Non-Financial Information Statement, its main markets abroad were Germany and Belgium, followed by the Netherlands, Poland, Italy, Austria and France.

While shipments to third countries added another 6.2 million dollars, the Spanish market reached a value of 56.9 million for the company founded in 2007.

According to the sectors to which the aluminum parts coming out of the factories are directed, structure still concentrating 54% of salesand not only thanks to blind profiles serving its main shareholder. In recent years the company has also supplied materials for the facades of numerous buildings, many of them symbolic. Facebook data center in IrelandThe mall Diyar Al Muharrak in Bahrain or new Oakland Airport, in New Zealand.

But in addition, the company has made a strong commitment to: diversificationThus, their customers increasingly include industry, decoration companies or manufacturers of products for the furniture industry, for example. renewable energyFor example, aluminum is used in the entire infrastructure that houses solar panels.

Other important market niches for the future are: electric mobilityBecause both cars and trucks need to reduce their weight to increase their performance, aluminum is used in more and more parts of these vehicles.

However, the company makes a prediction for the 2023 fiscal year: turnover decreaseFollowing the decline in aluminum prices due to normalization of supply and slowdown of consumption. Despite this, the manager is confident of maintaining profit margins thanks to the performance of the investments made.