Letter from the Chair

Pello Rodríguez,
Chair of the General Council of MONDRAGON

The overall picture for 2024 is clearly positive for MONDRAGON. In a demanding global environment, shaped by geopolitical uncertainty and shifts in the markets, we have shown our ability to respond with strength and cohesion. The Corporation has exceeded 11.2 billion euros in sales, has more than 70,000 employees, and has achieved record profits of 632 million euros. Our four areas, Industry, Finance, Distribution and Knowledge, have performed well, validating the effectiveness of our cooperative model.

Beyond the figures, we continue to move forward with projects that reinforce our vision for the future. Such as the Knowledge Division, which is playing an increasingly important role in our ecosystem. This project, which brings together educational centres, universities and technology centres, is a clear commitment towards preparing MONDRAGON for the challenges ahead.

And it is precisely towards that future that we now turn our attention. In 2025, we will begin a new era, in which the promotion of strategic initiatives for the creation of Future Businesses will take centre stage in key areas such as cybersecurity, digital technology and AI, social healthcare, electricity/energy networks and mobility. We know that these sectors will be decisive in the coming years and, therefore, key to the goal of generating quality employment. We want to approach them by drawing on our cooperative values and committing to innovation and social responsibility.

“We are preparing for a new cycle with confidence, knowing that we have the talent, experience and collective spirit necessary to continue building a solid, competitive and transformative project that serves the people”.

Leire Mugerza,
Chair of the Standing Committee and the MONDRAGON Congress

MONDRAGON's progress during 2024 once again demonstrates that the cooperative project we share has deep roots and a vision for the future. In an increasingly changing and complex world, fraught with uncertainty, we once again confirm commitment to playing an active role in building a more just, humane and sustainable economic and social model.

Today, more than ever, we need to strengthen cooperation as a principle and as a daily practice. Because only through collaboration – between people, cooperatives, divisions and other companies – can we adapt to the challenges of the global scenario. A scenario that requires us to act with collective intelligence, strategic agility and a firm social commitment.

We have a huge responsibility: to leave a better legacy for future generations. In other words, companies with values, rooted in our territories, which, through education, innovation and hard work, continue to generate significant social impact and more equal societies. This is a major challenge for which cooperation – a distinguishing feature of MONDRAGON cooperatives – is still today an essential lever.

“We must reclaim the power of cooperation as a driving force for progress towards a more just society, one that reduces inequalities, truly puts people at the centre and guides economic activity towards generating greater social impact in its surroundings”.