Jofemar Announces Record Breaking Performance for the Second Consecutive Year

JofemarJofemar Corporación concluded 2023 with record-breaking turnover and net operating income – for the second year running. Headquartered in Peralta, Navarra and specialising in the design and manufacturing of vending machines and payment systems, electric mobility, and energy storage, Jofemar achieved its highest-ever turnover of 64.5 million euros – an increase of 5% compared to 2022. This growth was mirrored in the profitability of the business, with an operating result exceeding 10 million euros, 10% up on the previous year.

The results were announced during at a board meeting at which Mikel Irujo, Minister of Industry and Ecological Transition and Digital Business of Navarra and Iñaki Larraya of Sodena, were guests.

Among the factors contributing to the growth figures, the strong performance in domestic markets stands out, alongside significant growth in Western Europe and strategic countries such as the USA, the Middle East, and Eastern Europe. Furthermore, the exceptional performance of the group’s battery and renewable energy division, Jofemar Smart Energy, which tripled its turnover in 2023, deserves recognition.

Another of the levers of growth has been the commitment to innovation. Last year was marked by numerous launches, including a new range of coffee machines and the Vision V8, a vending solution for all types of products that ensures maximum adaptability to the product and use of the available space. The solutionincorporates a large product delivery elevator and a spiral-free extraction system, which has been patented by Jofemar.

Last year, important improvement processes were also addressed with the implementation of corporate compliance systems, the evaluation of the social and environmental impact of the activity, as well as the design of strategies for its improvement and the strengthening of the internal control of processes. ‘The strategic plan has proved to be successful and has resulted in major improvements in all areas of the company, but especially in internal communication and internal process control,’ said Jofemar President, Félix Guindulain Busto. ‘Equally important is the promotion professional development to all the people in the organisation.’

JofemarDid you know… Jofemar Corporación currently has a solid presence in more than 84 countries on five continents. In addition to five offices in Spain and four in the United States, France, Great Britain and Brazil, the company has an official network of distributors that covers the world. The company designs, manufactures and markets, through different divisions, a wide range of technological solutions and holds a leading position in the dispensing, retail and vending sectors, with machines and payment systems.

Keep up to date with developments in vending,  OCS, HoReCa and unattended retail on Planet Vending.

About the author

The Editor

Planet Vending’s Editor is Ian Reynolds-Young and it’s Ian’s unique writing talent that has made PV what it is today – the best read (red) vending blog in the world, and vending’s best read (reed). Ian ‘tripped and fell into vending’, in the capacity of PR executive, before launching a specialist agency, ‘reynoldscopy’, dedicated to the UK Vending business. The company continues to represent the interests of many of the sector’s leading brands.

‘It’s all about telling stories’, he says. ‘We want to make every visit to PV a rewarding experience. By celebrating the achievements of the UK’s operating companies, we’re on a mission to debunk the idea that vending is retailing’s poor relation.’

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