A CONSCIOUS COMMITMENT TO COOPERATE AND TO PROGRESS TOGETHER. PEOPLE WHO COLLABORATE AND JOIN EFFORTS AND DEDICATION. PEOPLE UNITED TO DO GREAT THINGS. TO BE MORE COMPETITIVE. TO GET FURTHER. THAT IS MONDRAGON. JOINT WORK TO OVERCOME EXTRAORDINARY CHALLENGES.

HUMANITY AT WORK.

TOWARDS A RENEWED PROJECT

“THE FUTURE WILL BE FULL OF CHALLENGES THAT WILL TEST OUR CAPABILITIES; WE WILL FACE THEM WITH THE CONFIDENCE THAT OUR MODEL AND VALUES ARE MORE VALID THAN EVER. THANKS TO THE CONTRIBUTION OF OUR PEOPLE, WE WILL CONTINUE TO CONTRIBUTE IN THE CREATION OF A BETTER, FAIRER SOCIETY.”

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03
BUSINESS DEVELOPMENT +
2016
2017
% Variation
Total Income
12.033
11.936
-0,8
Total sales (Industry and Distribution)
11.399
11.280
-1,0
Net investments
457
451
-1,4
EBITDA
1.031
1.021
-1,0
LABORAL Kutxa Intermediate Resources
20.042
21.014
4,8
LagunAro equity fund
6.325
6.477
2,4
EMPLOYMENT +
2016
2017
% Variation
Average No. of jobs
80.217
80.818
0,7
% of shareholders in Industrial Area cooperative workforce
77,8
73,8
-5,1
% of female shareholders in the cooperative workforce
42,9
42,9
0,0
Rate of Industrial Area incidents or accidents
35,3
34,4
-2,6
PARTICIPATION +
2016
2017
% Variation
Working shareholders, share capital
1.681
1.733
3,1
Number of workers in governing bodies
810
825
1,9
SOLIDARITY +
2016
2017
% Variation
Funds for activities with a social content
22,6
25,1
11,1
No. of students in educational centres
10.358
11.010
6,3
ENVIRONMENTAL MANAGEMENT +
2016
2017
% Variation
No. of ISO 14000 certifications in force
73
73
0,0
Number of eco-design certifications
4
4
0,0
INVESTMENT IN THE FUTURE +
2016
2017
% Variation
% funds allocated to R&D from the added value of the Industrial Area
9,0
8,6
-4,4
No. of Technology Centres and R&D units
15
15
0,0
Total No. of researchers
1.921
1.928
0,4

DESPITE THE GOOD PERFORMANCE OF THE ECONOMY, THE FINANCIAL BUSINESS CONTINUES TO SHOW A SHARP CONTRACTION IN MARGINS CAUSED BY THE LOW PROFITABILITY OF ASSETS AND STAGNATION OF THE AVERAGE COST OF LIABILITIES. IN THIS CONTEXT, THE ENTITIES INTEGRATED IN THE DIVISION CLOSED THE YEAR IN A POSITIVE MANNER.

04
LABORAL KUTXA

LABORAL Kutxa has increased its consolidated profit by 9.1% compared to the previous year, reaching €121.4 million. It has managed to maintain its comfortable liquidity and solvency ratios and has improved its profitability (7.5%) and delinquency ratio (5.09%).

The insurance business in 2017 brought ordinary global pre-tax results of €37.5 million, which accounts for an increase of 17.8% over the previous year.

LABORAL KUTXA 121,4M€
NUMBER OF CUSTOMERS
1.170.178
NETWORK OF OFFICES
324
EMPLOYEES
2.016
LAGUNARO EPSV

Throughout 2017, the entity held various events in the framework of its 50th anniversary. The year ended with a total of 27,986 active mutualists, which accounts for a net increase of 162 mutualists compared to those at the end of 2016.

The group of Pensioners and Beneficiaries, in their different modalities (Retirement, Widowhood, and Permanent Incapacity), amounts to 13,506, with a net increase of 456 people in the year.

Seguros Lagunaro 37,5M€

EQUITY FUND
6.477M€
ACTIVE MUTUALISTS
27.986
LABORAL KUTXA
LAGUNARO EPSV

LABORAL Kutxa has increased its consolidated profit by 9.1% compared to the previous year, reaching €121.4 million. It has managed to maintain its comfortable liquidity and solvency ratios and has improved its profitability (7.5%) and delinquency ratio (5.09%).

The insurance business in 2017 brought ordinary global pre-tax results of €37.5 million, which accounts for an increase of 17.8% over the previous year.

Throughout 2017, the entity held various events in the framework of its 50th anniversary. The year ended with a total of 27,986 active mutualists, which accounts for a net increase of 162 mutualists compared to those at the end of 2016.

The group of Pensioners and Beneficiaries, in their different modalities (Retirement, Widowhood, and Permanent Incapacity), amounts to 13,506, with a net increase of 456 people in the year.

LABORAL KUTXA 121,4M€

Seguros Lagunaro 37,5M€

NUMBER OF CUSTOMERS
1.170.178
NETWORK OF OFFICES
324
EMPLOYEES
2.016
EQUITY FUND
6.477M€
ACTIVE MUTUALISTS
27.986
05
05

THE INDUSTRY AREA GROUP IMPROVED ITS SALES FIGURE AND CONTINUES IN THE DYNAMICS OF EMPLOYMENT GENERATION OF THE THREE PREVIOUS YEARS.

SALES

€5.547 M TOTAL SALES
3.854 INTERNATIONAL SALES

EMPLOYMENT

2.691 NEW JOBS

INNOVATION

1.928 PEOPLE ENGAGED IN R&D

INVESTMENT

€334 M NEW PRODUCTION PLANTS EFFICIENCY IMPROVEMENT

PROFITABILITY

233 M€ PROFITABILITY

SALES

INVESTMENT

€5.547 M TOTAL SALES
3.854 INTERNATIONAL SALES
€334 M NEW PRODUCTION PLANTS EFFICIENCY IMPROVEMENT

EMPLOYMENT

PROFITABILITY

2.691 NEW JOBS
233 M€ PROFITABILITY

INNOVATION

1.928 PEOPLE ENGAGED IN R&D
06

AREA COMPOSED OF THE EROSKI GROUP, WHOSE MAIN ACTIVITY IS RETAIL, AND ERKOP, A SECOND-TIER COOPERATIVE COMPOSED OF FIVE COOPERATIVES OF THE AGRI-FOOD SECTOR.

1.651 COMMERCIAL ESTABLISHMENTS
06

SALES

€5,505 M TOTAL SALES

EMPLOYMENT

31,906 PEOPLE

HEALTH AND WELL-BEING

20% COLLEGES IN Plan in Eating and Healthy Habits

PROFITABILITY

€33,2 M PROFITABILITY

SALES

€228 M TOTAL SALES

EMPLOYMENT

8,462 PEOPLE

SALES

SALES

€5,505 M TOTAL SALES
€228 M TOTAL SALES

EMPLOYMENT

EMPLOYMENT

31,906 PEOPLE
8,462 PEOPLE

HEALTH AND WELL-BEING

20% COLLEGES IN Plan in Eating and Healthy Habits

PROFITABILITY

€33,2 M PROFITABILITY
07

NEW BOOST TO INNOVATION TO IMPROVE THE COMPETITIVENESS AND TRANSFORMATION OF THE BUSINESS FABRIC. FIVE PRIORITY VECTORS: ADVANCED MANUFACTURING, SMART CITIES, HEALTHCARE, BIG DATA, AND RAW MATERIALS.

07
  • 5 vectors
  • ADVANCED MANUFACTURING
  • smart cities
  • big data
  • RAW MATERIALS
  • HEALTHCARE

SMART CLUSTER

In 2017, the new Eureka cluster in advanced manufacturing, called SMART, was officially launched, led by MONDRAGON with the support of the Spanish Association of Machine Tool Manufacturers (AFM). This initiative aims at the promotion of R&D projects that are collaborative, international and near the market.

CORPORATE OFFICE IN BRUSSELS

MONDRAGON has continued to promote the internationalisation of R&D through its Office in Brussels and active participation in strategic international forums. More than 50 ongoing projects have already been approved and financed by the European Commission.

MONDRAGON UNIVERSITY

Its four schools (Engineering, Humanities, Business Studies, and Gastronomic Sciences) offer 15 degrees and 14 Master’s degree programmes.

OTHER CENTRES

Arizmendi Ikastola, Lea Artibai Ikastetxea, Politeknika Ikastola Txorierri, Garaia Promotion Centre and Innovation Hub make up the Knowledge area of MONDRAGON.

FIGURES R&D

R&D

€169 M

products and services

522 M

patents

489

researchers

1,928

15 R&D CENTRES

  • Cikatek
  • CS Centro Stirling
  • Edertek
  • ETIC
  • Fagor Aotek
  • IK4-Ideko
  • IK4-Ikerlan
  • IK4-Lortek
  • Isea
  • Koniker
  • Leartiker
  • MTC
  • MIK
  • Orona EIC
  • UPTC
08
08

president

Iñigo Ucín

Vice presidents

Txomin García. Finance Division Agustín Markaide. Distribution Division Iñaki Gabilondo. ULMA Group Xabier Mutuberria. Lifts 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

09
09

president

Javier Goienetxea. Distribution

Vice president

Lorea Barrutia. Components

secretary

Amets Ugalde. Corporate Centre

Members

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. Distribution José Antonio Alustiza. Finance Juantxo Martínez. CHP Automotive Julio Gallastegi. Finance Lander Diaz de Gereñu. ULMA Group Leire Mugerza. Distribution Mariasun Sarrionandia. Knowledge Mikel Del Rio. Construction Mikel Larrea. Distribution Oier Lizarazu. Lifts Raúl García. ULMA Group Ruben Gabilondo. Equipment