Dear Shareholders:

2022 was the 75th anniversary of our company. It wasn’t so much the celebration of a milestone as a basis on which to cement our future.

Also, it was the year of consolidating the track record of recent years. We have reached a total turnover figure in the group of €98.2 million and orders won, including intergroup orders, of €128 million, which allowed us to start 2023 with a portfolio of machine orders of €93.9 million which practically covers our annual production capacity as well as a good part of the production capacity of 2024.

For these reasons, we have decided to move forward with our expansion plans, for which we have acquired a plot on the Gamonal (Burgos Este) industrial estate, where we will establish our machining plant with the aim of it being a “factory of the future” which will efficiently cover all our needs for machined parts and, at the same time, will be the best showroom for our customers and agents.

Furthermore, we have incorporated NC Service into our Group for an amount of €2.4 million, which will allow us to cover our after-sales support requirements in a more practical way this year throughout the world, where we have, in addition, the essential support of our local official services which we are also professionalising and strengthening.

The results obtained, €10.3 million before taxes and the net cash position of €10.7 million, allow us to propose a dividend distribution of €0.23 per share to the board, which is a 15% increase on last year.

Our Group continues to be focused on customer satisfaction and profitability as drivers of our future development.

With this aim and with our thanks to our customers, suppliers, and staff in general, I give you my very best regards.


Yours sincerely

Mr. José Nicolás-Correa Barragán

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