Sunday, 18 November 2018
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Orona reports EBITDA growth

Orona, the Spanish company specialised in mobility solutions headquartered in Hernani, held its Annual Partners' Assembly at the Orona Ideo head office, during which it approved the 2015 financial statements.

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The cooperative generated €111 million of EBITDA in 2015, up 15.63 % from 2015. Revenue also registered year-on-year growth of 5.71% from € 578 million in 2014 to € 611 million last year.

Sector leader in Spain

The headcount, meanwhile, increased by 165 professionals in 2015 to end the year at 4,498. Capital expenditure amounted to €37 million. Orona is firmly committed to innovation, earmarking 2 % of revenue to its R&D effort in 2015.

At the Assembly, Orona's managing director, Javier Mutuberria, stressed the fact that, "Orona has emerged stronger from the recent period of global crisis and uncertainty; it has posted healthy earnings and created jobs, having undertaken profound transformation and converted itself into a services firm, now positioned as the sector leader in Spain. All this without ever straying from the cooperative experience, marked by a wealth sharing and distribution model, which reinforces our commitment to society.”

www.orona-group.com

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