Orbea achieved a 42% increase in turnover from 282 million euros in 2021 to 400 million euros last year. In its market outlook in May last year, Orbea forecast a consolidated sales volume of approximately 350 million euros in 2022.
Source: bike-eu.com
Orbea's performance on export markets was even better, as it increased by 49% from 228 million euros in 2021 to 340 million euros. last year.
Big enough to be a key player internationally
To accomplish its expansion, Orbea has doubled its workforce structure in three years and is also accelerating the recruitment of international talent. Today it has a workforce of more than 1.000 employees, 80% of whom occupy posts created in the Basque Country.
At its annual general meeting last Saturday, Orbea announced “that we have achieved our goal of becoming large enough to be a key player internationally, with a leading proposition for the market and the goal of being one of the most sought-after brands by cyclists worldwide, while remaining true to the its corporate identity and manufacturer values".
Profit
The result, after taxes and restructuring, is a 20% increase over 2021, which has greatly bolstered his net worth. “This heritage will allow us to confidently tackle all the projects that the company has in the pipeline to continue strengthening our market position“, announced Orbea. “We will continue to invest in expanding our manufacturing and logistics capabilities, developing cutting-edge technological solutions, as well as developing the skills of the people who are part of the brand. Almost 20% of the result was allocated to the various social action and solidarity funds that the cooperative has set up".
