ASV Group exceeds 170 million revenues supported by overseas expansion

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this ASV Group exceeded last year 170 million euro turnoverAfter growing 4.4%, with the effect of its growth insurance department and above all, by branch funeral services. In addition, a division strengthened by the good results it has achieved with its holdings abroad, Germany and Colombiaand you will see increases after this exercise Acquisition of the holding Southern Cremations & Funerals In the US state of Georgia.

In particular, last year the Payá family business became a 170.9 million turnover Compared to the €163.7 million the firm had calculated for the previous year, after restating its figures to adapt them to the new General Accounting Plan, as indicated in the balance sheets deposited by the firm in the Trade Registry. Some conclusions attributed to the group itself “organic and inorganic growth insurance and funeral lines”.

This last section contributed 64.9 million It earned euros to the group’s turnover, which was 6.5% more than the previous year. a marked growth increase in funeral services higher mortality caused by the company provided in Spain covid -especially in the first months of the year- but also Germany.

Thus, the group, which has been operating in this country since 2014, Two new companies in Essen and Fürthmade it possible to increase the number of services in this country by almost 25%. In this way, its subsidiaries in Germany together with their subsidiaries Remember the Group in Colombia, They contribute up to 11% of the Alicante firm’s total revenue. A percentage that will increase this year after the group’s recent acquisition Southern Cremations and FuneralsOperates several funeral service facilities and cemeteries in the Atlanta area in the United States. The acquisition of this group includes an investment of 24 million dollars.

On the other hand, business insurer created others 58.4 million Euro is 3.11% higher than in 2020 according to the same balances. The firm is one of the country’s largest specialists. funeral insurance through its subsidiary MeridianA further 8,779 home insurance policies should be added to this modality, ending last year with a portfolio of more than 682,000 insureds.

Finally, the allocated partition medical transport added 46.5 million more to the group’s business, 2.5% more. The company is part of the group that takes over the management of Valencia medical ambulances, a contract that expires this year.

This revenue increase in all areas of the group, along with the “improvement in processes and efficiency and sustainability measures taken during the year”, according to the company itself, led to a significant improvement in results. Thus, ASV got one point. 9.3 million euro consolidated profit last year, 17.2% more.

Looking to 2022, the company’s CEO, Guillermo Payá, emphasizes that “the group places a special emphasis on growth, organizational transformation and innovation” in order to adapt to the current environment and continue on its growth path.

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