The Spanish vending maker suggests ‘historic’ income for its espresso machine division in the United kingdom and US drove 23{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} group profits advancement last year
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Azkoyen Group’s headquarters in Navarre, Spain | Photo credit rating: Azkoyen Group
Azkoyen Team has credited its Coffee and Vending Units Division as driving its 2022 product sales, led by the powerful performance of Barcelona-based espresso equipment company Ascaso, which it obtained for €17m ($17.2m) in July 2022.
The Spanish vending device company and remedies company achieved 23{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} year-on-year revenue growth to arrive at €171m ($180m) and produced profits of €28m ($30m), a increase of 24{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} on 2021.

The strong effectiveness was led by a 52{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} revenue maximize for its Espresso & Vending Systems division, which it claimed accomplished ‘historic figures’ in the UK and US.

The business explained Ascaso, which has a presence in nine nations across Europe, North The usa and Southeast Asia, completes its coffee portfolio and would make Azkoyen Group one particular of the couple entire-company espresso machine suppliers in the planet.

Azkoyen Team stated it has accelerated its Coffee & Vending Methods division’s advancement by additional focused profits, enhanced promoting and improved branding to position its espresso equipment as top quality solutions within the HoReCa channel.

Along with its Azkoyen vending machines and Ascaso espresso espresso machines, Azkoyen Group also manages Uk-centered vending machine producer Coffetek.

Coffetek was voted the Ideal Equipment Producer in the Uk by vending device membership system Linked Vending Expert services (AVS) in 2022.

Running throughout far more than 90 countries globally, Azkoyen Group also operates Payment Systems and Security Methods divisions, which obtained gross sales development of 27{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} and 3{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} respectively.

“2022 has been an extraordinary 12 months for the Azkoyen Group and proof of this is the results we are reporting, with file enterprise figures. Our solid money situation, merged with our management and modern ability, has enabled the group to provide great benefits in an natural environment that is much more unsure and unstable than at any time right before,” reported Darío Vicario, CEO, Azkoyen Group.

Azkoyen Group additional that it is perfectly positioned to navigate financial headwinds in 2023 and is trying to get to maintain profitability and obtain double-digit profits expansion around the up coming 12 months.
