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.
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 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.
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.
With the addition of this new site, now has a direct presence in 12 countries across Europe. Logismarket makes its bets on the Czech Republic because of rapid growth and the prospects of its increasing need for buying capital goods.
Logismarket surpassed 5.4 million visits to its web page and generated 969,000 direct sales leads during the first 2007 semester, the one with the biggest activity on the portal (European data controlled by the OJD).
Eduardo Montes, current Senior Vicepresident in the German multinational Siemens AG, will be appointed new Independent Board Member by MECALUX. He replaces Juan Poch, who will hold the position of Advisor to the Presidency.
The growth of Mecalux accelerated and the company managed to close the first semester of the year with an increase of 19% in sales which rose from 252.1m in the first semester of the previous year to 301m euros this year.
The General Shareholders’ Meeting of Mecalux approved the distribution of dividends at 0.49 euros per share, representing a total of 12m euros and 25% of the net result of the group in 2006.
The new warehouse management software (WMS) of Mecalux was designed to make its programming more intuitive, visual and agile; while maintaining the demanding levels of efficiency and quality which it already enjoyed.
Mecalux‘s sales increased by 16% in the first quarter of 2007 rising from 124m euros in 2006 to 143.6m for the same period for 2007.
The Mecalux Group continues to grow thanks to its expansion in new markets and investment in automated storage for warehouses.
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