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Profitable growth

Growth


Since its beginnings, Gonvarri Industries has experienced notable growth, and has diversified worldwide culminating in a presence in 25 countries, 44 operating factories and 26 distribution centres and/or offices.

Balance


Gonvarri Industries continues to advance towards the objective to increase its international presence and to create value in the communities it introduces itself in. This is possible thanks to a positive balance and adequate financing.

Economic results:

・ Economic Value Created (EVC): 3,194 million euros.

・ Economic Value Distributed (EVD): 3,157 million euros.

Besides, Gonvarri Industries faced different risks which derived from the market situation in the countries it operates in, which have not had a significant global impact on the yearly results due to its diversification over different markets.

The 2020 fiscal year shows a net income of 74,356 thousand euros and a CAPEX executed in the fiscal year of 66,713 thousand euros.

In this area, investments in Kaufmann, CSI and Lampe, newly acquired companies, new investments in machinery and plant expansions in Brazil, Germany, China and India, and the start of the implementation of new corporate software.

Sustainable funding

In recent years, the number of financial agents that incorporate ESG (Environmental, Social and Governance) criteria in their decision making is growing exponentially.

In line with this trend, in 2020 we signed the first sustainable financing line with the Official Credit Institute (ICO), for the period 2020-2024. The financing applies to the Gonvarri Holding companies, GRI Renewable Industries and Gonvarri Industries.

Risks and opportunities: Climate change risks


For Gonvarri, FY20 has been a period of reflection to define a roadmap towards a climate-neutral future through the “2030/50 Carbon Neutral Plan”.

Hence, it is essential to know our risks facing climate change and what measures will help mitigate such risks.
In 2020, corporate analyzed potential cross-cutting risks that could affect the business with the aim of transferring and specifying such risks, in the next two years, to the different countries and facilities.

Risks are identified by taking as a reference the recommendations and categorizations of the Task Force on Climate related Financial Disclosures (TCFD) standard by the Financial Stability Board (FSB). Such an analysis was carried out in collaboration with the different corporate departments which are part of the carbon neutral project, together with the Internal Audit area.

Clients


Gonvarri is committed to personalization and constant improvement of our service, for which it has sales teams that are specialized and adjusted to the type of business and product, through which more specific coverage is provided.

Likewise, we consider customer surveys to be an important support tool to assess their level of satisfaction, identify points for improvement, build loyalty and increase our market share. For this reason, we periodically conduct personalized surveys, based on the type of product and/or geographic area.

Supply chain


At Gonvarri, purchasing management is based on and harmonizes with the following principles:

・ To ensure the standards and commitments acquired with our customers by guaranteeing the mechanisms that allow for continuous improvement.

・ Create space for dialogue with the different suppliers to transmit the company´s commitments to sustainability, as well as the collaboration of its supply chain.

・ Negotiate ethically, responsibly and competitively, according to business expectations.

・ Promote compliance to basic standards or criteria among suppliers with regard to human and labour rights, occupational health and safety, respect for the environment and ethical behaviour.

・ Guarantee the supply through adequate risk management of the suppliers we work withs.

For the approval of suppliers, Gonvarri Industries’ Code of Ethics and Conduct, as well as its CSR purchasing policy, is sent to all suppliers (100%). Information on their dispatch, reception and signature.

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