Manufacture of bicycles.
Most read
- 1. Everything you need to know about MONDRAGON, in Explore MONDRAGON
- 2. Ikerlan Technology center opens new headquarters in Bilbao thanks to the agreement signed with the city council
- 3. An international ideas laboratory lands at MONDRAGON
- 4. Danobatgroup maintains its commitment to talent in 2023
- 5. Copreci signs an agreement with the Egyptian companies Fresh Electric, EBDA and El Araby to set up in Egypt
- 6. Ikerlan inaugurates the most advanced digital technology laboratory in Spain
- 7. Mondragon Assembly Group is celebrating the twentieth anniversary of its subsidiaries in Mexico and Germany
- 8. Enea has received the 2022 National Design Award
- 9. Eika enters the capital of Muxunav, a startup in the electronics sector
- 10. MONDRAGON joins the United Nations in defending the role of cooperatives in the 2030 Agenda and the SDGs
Orbea consolidates its project now employing over a thousand people
For the seventh year running, the cooperative has confirmed notable sales growth, achieving
a turnover of €400 million, with 85% on export markets. The result, after taxes and
restructuring, is 20% up on 2021, which has strongly boosted its equity.
On 6 May, Orbea held its annual general assembly, when it noted that it had continued to generate employment with the aim of consolidating the company. It now has a workforce of over 1,000 employees, 80% of whom are in posts created in the Basque Country. The company has thus doubled the structure of its workforce in three years and is likewise fast-tracking the recruitment of international talent.
Orbea set the goal of becoming sufficiently large to be a key player internationally, with a standout proposal for the market and the aim of being one of the most sought-after brands by cyclists worldwide
Orbea set the goal of becoming sufficiently large to be a key player internationally, with a standout proposal for the market and the aim of being one of the most sought-after brands by cyclists worldwide. The company has announced today that it has reached those goals, while remaining loyal to its corporate identity and values as a manufacturer. It has done so from the Basque Country and thanks to its whole organisation coming together to work in pursuit of a clear, exciting and challenging vision.
For the seventh year running, the cooperative has confirmed notable sales growth, achieving a turnover of €400 million, with 85% on export markets. The result, after taxes and restructuring, is 20% up on 2021, which has strongly boosted its equity.
This equity will allow it to face with assurance all the projects that the company has in the pipeline to continue strengthening its hold on the market. It will carry on investing in expanding its manufacturing and logistics capacities, in developing state-of-the-art
technological solutions, along with building the skills of the people who are part of the brand.
Nearly 20% of the result was allocated to the different social action and solidarity funds that the cooperative has established. After the restructuring of the board at the end of last year and the announcement of its results, Orbea is facing future challenges with confidence and commitment. The company is looking forward to the start of a new era that will allow it to consolidate the positions achieved, continue generating wealth and sharing it with society.
Manufacture of bicycles.
