WE ARE MONDRAGON
Cooperation and shared progress The focus on people is one of the values of MONDRAGON, people who come together to achieve extraordinary feats and grow together.
We are committed to sustainable development Of our businesses, our society and our planet.
We have our own model Different, inclusive, responsible, fair and solidary: cooperative.
And we look towards the future Proactively, exploring new opportunities that take our experience to the next level.
Humanity at work.
“Our industry has generated over 8,000 jobs in the last five years, of which 57% (4,589) were created locally. This is, without a doubt, the best contribution that cooperatives can make to society”.
In € million
Investment in the future
THE 2018 FISCAL YEAR HAS ENDED WITHOUT AN UPTURN IN THE INTEREST RATES IN THE EUROZONE, WHICH HAS SEVERELY CONDITIONED INCOME STATEMENTS AND, THEREFORE, THE PROFITABILTIY OF FINANCIAL INDUSTRIES.
IN THIS CONTEXT, LABORAL KUTXA HAS CLOSED THE YEAR WITH AN INCREASE IN ITS MAIN RATIOS, WHILE LAGUNARO EPSV IS STILL FAR ABOVE THE MINIMUM MANDATORY SOLVENCY MARGINS, DESPITE THE NEGATIVE EVOLUTION OF THE STOCK MARKET INDICES.
LABORAL Kutxa has obtained a consolidated profit of 133.7 million euros after taxes, a 10.06% increase from 2017. It has maintained its comfortable liquidity and solvency position and has improved its profitability (7.9%) and default ratio (4.51%).
The insurance business in 2018 brought in ordinary global pre-tax results of €38.94 million, which accounts for an increase of 3.92 % over the previous year.
SEGUROS LAGUN ARO
The year 2018 ended with a total of 28,401 active members, distributed among 123 Cooperatives, for a net increase of 415 compared to the end of 2017.
The group of Pensioners and Beneficiaries, in their different modalities (Retirement, Widowhood, and Permanent Incapacity), amounts to 14,022, with a net increase of 516 persons in the year.
THE POSITIVE TREND OF THE LAST FEW YEARS IN THE INDUSTRIAL AREA CONTINUES, WITH AN INCREASE IN SALES (6.8%) AND JOB GENERATION (1,702 JOBS).
Sales of the industrial Area of MONDRAGON amounted to 5,922 million euros in 2018, an increase of 6.8% over the previous year.
5.922 M€ TOTAL SALES
These amounted to 4,041 million euros, with a 4.9% increase from 2017, that is, 68% of total sales.
Mainly oriented to the start-up of new production plants and to improving the efficiency of the processes to gain competitiveness, these totalled €304 million.
304 M€ INVESTMENTS
Net income last year was 230 million Euros, in line with the one achieved the previous year.
net income of the
previous fiscal year
The industrial divisions already employ 38,722 people, of which more than 14,400 work in production sites of the cooperatives in other countries. In 2018, average jobs increased by 1.702, of which 772 were local and the remainder generated in other countries.
The Corporation has 2,018 people exclusively dedicated to R&D. Expenditure reached 175 million Euros, with 656 million Euros in new product sales (11% over the total sales of the area).
PEOPLE ENGAGED IN R&D
AT THE CLOSE OF 2018, TOTAL SALES OF THE RETAIL DIVISION, COMPRISED BY THE EROSKI GROUP AND ERKOP, A SECOND-DEGREE COOPERATIVE CONSISTING OF FIVE COOPERATIVES IN THE AGROFOOD INDUSTRY WAS 5,969 MILLION EUROS, WITH A TOTAL WORKFORCE OF 39,723 PEOPLE.
It achieved sales of €5,393 million, 2% less than the previous year, a reduction due to the sale of some of its shopping centres.
plus 3,300 employees in its franchise network.
In 2018, 42 stores were converted to the new model, with noticeable improvements in commercial activity and appeal. There are already 670 new-generation “Contigo” stores. Its commercial network comprises 1,652 stores.
Its profit amounted to 1.6 million euros. However, operational profit increased once more in 2018, for the eighth consecutive year, to 163.6 million euros, a 19.1% increase from the previous fiscal year.
All of Erkop’s agrofood cooperatives obtained positive results in 2018 once again. Their sales were 266 million Euros and their workforce now totals 8,820 people. One of the most notable milestones was the first international implementation of Ausolan, specifically in Chile.
NEW BOOST TO INNOVATION TO IMPROVE THE COMPETITIVENESS AND TRANSFORMATION OF MONDRAGON’S BUSINESS FABRIC.
THE PRIORITY AREAS HAVE BEEN, ONCE AGAIN: ADVANCED MANUFACTURING, SMART CITIES, HEALTHCARE, BIG DATA, AND RAW MATERIALS.
INDUSTRY 4.0 OBSERVATORY
Valuable fields for cooperatives have been prioritised: IT Security, IIoT Platforms, Servitisation, Human-Machine Interface, Traceability, Additive Manufacturing, Maintenance Program Optimisation, etc.
Participation in strategic international forums through its Corporate Office in Brussels. There are more than 50 MONDRAGON projects approved and financed by the European Commission.
Its four schools (Engineering, Humanities, Business Studies, and Gastronomic Sciences) offer 15 degrees and 16 Master’s degree programs.
GARAIA TECHNOLOGY PARK
The University encompasses 46 companies with a combined invoicing volume of 169 million euros and 1,424 people, of which 674 work in R&D.
175 m€ Total expenditure in R&D.
656 m€ Million euros in new products and services.
496 Patent families in effect.
2.018 full time researchers.
15 R&D centres
CS Centro Stirling
Txomin García. Finance Division
Agustín Markaide. Retail Division
Iñaki Gabilondo. ULMA Group
Xabier Mutuberria. Elevator Division
Javier Oleaga. Components Division
Juan Mª Palencia. CHP Automotive Division
Pello Rodriguez. Machine Tool Division
Belén Kortabarria. Financial Management Director
Zigor Ezpeleta. Social Management Director
Amets Ugalde. Secretary
Javier Goienetxea. Retail
Lorea Barrutia. Components
Amets Ugalde. Corporate Centre
Aitor Aspe. CHP Automotive
Aitor Irure. Industrial Automation
Aitor Lejarzegi. Engineering and Services
Ander Bilbao. Tools and Systems
César Arriola. Machine Tools
Gotzon Juaristi. CM Automotive
Iker Estensoro. Components
Javier Amezaga. Retail
José Antonio Alustiza. Finance
Juantxo Martínez. CHP Automotive
Xabier Egibar. Finance
Lander Diaz de Gereñu. ULMA Group
Leire Mugerza. Retail
Mariasun Sarrionandia. Knowledge
Jone Urzelai. Construction
Mikel Larrea. Retail
Oier Lizarazu. Lifts
Raúl García. ULMA Group
Ruben Gabilondo. Equipment
todos los días
“La cooperativa hay que estar reconstituyéndola y renovándola todos los días”.