Extrusax stands as a distinguished leader among Spain’s aluminum profile producers, rooted in the Giménez Ganga and Gomez family ownership. The company posted a notable year with turnover climbing by more than 29 percent, driven by higher metal prices and enhanced productivity after expanding its production lines.
In this climate, Extrusax achieved a new turnover record: 172 million euros, up from 132.7 million at year-end, as reported in the balance sheets filed with the Trade Registry. The improved results show a margin of uplift, with net profit reaching 7.9 million euros, despite rising costs. The management report accompanying the accounts highlights that most of the revenue growth stemmed from higher raw material prices, which influence the final selling price of products. Aluminum, a key product for the company, saw a sharp price rally after the pandemic due to port bottlenecks and broad supply constraints across many sectors.
Gomez notes that strong demand, particularly in the first half of the year, helped fuel growth. Investments to inaugurate two new extrusion lines, in addition to the five already operating across Sax and Murcia, support the expansion of aluminum pressure-molding capabilities to achieve the desired shapes. These lines, incorporating the latest technology, improved efficiency and contributed to sector-wide performance enhancements.
As with prior years, Extrusax’s export orientation remains a major driver. More than two-thirds of turnover comes from overseas markets, with shipments to the European Union underpinning much of the growth. Total exports to EU member countries reached 108.8 million, up from 71.3 million the previous year. The company’s Non-Financial Information Statement identifies Germany and Belgium as its leading foreign markets, followed by the Netherlands, Poland, Italy, Austria, and France. Shipments to non-EU countries added a further 6.2 million, while domestic sales in Spain reached 56.9 million for the year, reaffirming the company’s multi-market strategy, founded in 2007.
Within the product mix, structural profiles accounted for about 54 percent of sales, a share bolstered by collaborations with its main shareholder. In recent years, Extrusax has supplied materials for iconic facades, including projects such as the data center for a major social platform in Ireland, a major shopping complex in Bahrain, and upgrades for a new international airport in New Zealand. These projects illustrate the breadth of Extrusax’s impact across diverse sectors and geographies.
Beyond core extrusion, the company has pursued diversification to serve a broader customer base. Its client portfolio now includes industrial manufacturers, decoration firms, and furniture producers, while the renewable energy sector benefits from aluminum use across solar infrastructure. Looking ahead, future niches include electric mobility, where lighter aluminum components can boost vehicle performance as both cars and trucks seek efficiency gains.
Looking toward the 2023 fiscal year, a projected turnover decline is anticipated due to the normalization of aluminum prices and softer consumption in some markets. Nevertheless, management remains confident that profit margins can be sustained through ongoing investments and cost controls, underscoring a resilient business model in a dynamic market environment.