Industrial Toy Manufacturer (Injusa) managed to bill last year two million euros more than the previous year, thanks to the pull that sales experienced after the most complicated moment of the pandemic. The company also managed to return to the path of profit after the setback in 2020. So far everything is positive. The problem will arise in the current year, as the Ibi-based firm predicts results will worsen due to the decline in consumption in the context of current inflation.
Injusa, a company dedicated to the production of electric vehicles, children’s tricycles, and series for garden and pets, has presented its results for 2021, a year the company has achieved. Compared to the previous year, it achieved a turnover of 14.7 million Euros. In addition, the situation arises when operating results presented a positive balance of 245,356 euros when a loss of 534,247 euros was recorded in 2020.
The director of the company, Luis Berbegal, attributes this significant improvement in balance sheets to the remarkable recovery in sales recorded after the worst year of the health crisis caused by covid. “After so many periods of restraint and confinement, there was a moment of enthusiasm in the market This has resulted in these growths. The buyers’ spending boom has logically been reflected in our accounts,” he emphasizes.
But this departure is also the source of the downturn, which, as everything shows, will record the firm’s results in the current year. In his words, “oversupply has occurred in commercial establishments and into stocks that are very expensive to release”.
To this we must add the complex situation at the international level. Berbegal explains that Injusa devotes 80% of its production to export and that “the instability affecting all markets has not benefited us at all”.
It also refers to high inflation, which translates into a decline in consumption, especially products manufactured by the company. “Cheap toys – he points out – work well, but the same does not happen with ours, which are high-quality and currently out of reach of many consumers.”
Likewise, the company has to deal with other problems such as rising raw material prices, freight prices and, above all, energy costs. “We were paying a monthly bill of 21,000 euros and now we are seeing it. We were hit at 111,000“.
This caused the company to opt for an investment of 800,000 euros. installation of solar panelsIt will save 30%. “The problem that sums up Berbegal is that we cannot pass on all the cost increases we have suffered, because our products would be almost unsellableAs a result, Injusa’s manager emphasizes that the company is in a solid state to allow it to deal with these imbalances.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.