It was an especially significant year, historically speaking, for Fagor, and for MONDRAGON as a whole, with the 50th anniversary of the creation of Ulgor, the Corporation’s industrial embryo and the starting point for a Co-operative Experience, which fifty years on had become an international point of reference. And all this in what was an excellent year in all aspects.
The favourable performance of the markets led to a considerable improvement in financial activity. Caja Laboral posted a 17.1% increase in profit before tax, with assets under administration rising by 11.8% and investment in customer loans up 23.2%.
Total sales for Eroski accounted for €6.5bn, with the opening of more than one hundred new stores occupying a retail floor space of 86,000 m2.