The Group continues its development plans in the R&D area and bets on its flagship product: Mecalux Easy (warehouse management software).
The incorporation of the company Interlake is reflected an increase in orders of 49% with respect to the same period last year in the NAFTA area.
Mecalux recorded a turnover of 204.4 million euros in the first half of 2009, 38.6% less than the same period last year. The incorporation of Interlake on March 9 saw an increase in orders of 34.4% over the same period for last year in the NAFTA area. The Group's net result stood at -3.7 million euros, representing a decrease of 113.2%.
The company is basing its strategy for the future on the growth of the American market, the investment in R&D, automation and new products such as Mecalux Easy. After the purchase of the assets of the US firm UFC Interlake, Mecalux is now leader of the sector in the United States, a key market for the future development of the company. The American division of MECALUX is now called INTERLAKE MECALUX.
The company recorded a turnover of 101.8 million euros in the first quarter of 2009, 33.5% less than the same period for the previous year. Profits stood at 7.7 million euros, a fall of 32.9%.
The purchase was made for 30 million dollars and involves the acquisition of 4 new plants for the American expansion of MECALUX: Pontiac (Illinois); Sumter (South Carolina); Mexicali and Matamoros (Mexico).
Mecalux increased its sales by 6% in 2008, rising from 598 million euros to 636 million euros.
Mecalux Easy is a new software system designed to be easily installed in any type of warehouse, sector and company size. The first levels of the system can be implemented in just two weeks.
The new economic conditions mean this possible operation would be a chance for Mecalux to expand and improve its presence in the US and Mexico.
The warehouse, which is situated in Fraga (Huesca, Spain), has had a cost of 7.1 million euros within a total investment of 10 million and fits 25.200 pallets.
The Extraordinary General Meeting of Mecalux’s shareholders today approved the distribution of an extraordinary dividend in the gross amount of 0.16 euros per share, for a total amount of 5,377,240 euros.
Mecalux increased its sales in third quarter 2008 by 12%. Sales came in at 496 million euros, compared to 444 million euros in the same period last year.
Mecalux increases its sales by an 11% during this first semester 2008 going from 301 million Euro recorded on the first semester 2007, to 333.1 million Euro registered for this semester.
The Board of Directors of Mecalux has convened an Extraordinary General Shareholders Meeting for the 4th or the 5th of September 2008, respectively on the first or second announcement, at the registered seat of the company in Cornellà de Llobregat (Barcelona, Spain).
Mecalux’s General Shareholders Meeting has approved the €8.8 M proposed by Board of Directors as distribution of extraordinary dividend.
The Mecalux Group has approved an increase of capital which will bring Caja Madrid into the company with a 20% holding. The transaction will provide Mecalux with a strong financial injection of 168 M euro, giving it a firm base on which to start a new period of investment and growth of the company.
The Mecalux Board of Directors will propose in the Shareholders’ Meeting to be held on 27 June an extraordinary distribution of dividends for €0.33 per share. The total amount will be €8,769,575, representing 25% of the net profit for 2007, which amounted to 35.1 M euro.
Mecalux closed the year with an increase in sales of 13% reaching 598.1 m euros compared to the 531.1 m invoiced in the previous financial year. Particularly worthy of note here was the excellent performance of the automated warehouse division.
It is named TRB 4000/32 S and it is able to locate a load of 4Tn and 6.5m at 30m above the floor. This is the new elevating platform that Mecalux has installed in the new Grupo Cáceres Galindo warehouse. A very little conventional advanced-technology machine.
Mecalux has built an automatic warehouse for Porcelanosa in an amazing building of 35m high and 260m long in Vila-real (Castellón). The facilities have the storage capacity of five million square metres of tiles in a total of 102,000 pallets.
Mecalux continued to grow rapidly with an increase in sales of 16% in the third quarter of the year, rising from 384.7m euros in the same period for 2006 to 444.4m euros this year.
