RELEASE: GPAINNOVA breaks its billing record for the sixth consecutive year, reaching 26 million euros

(Information sent by the signatory company).

RELEASE: GPAINNOVA breaks its billing record for the sixth consecutive year, reaching 26 million euros

(Information sent by the signatory company)

Barcelona, ​​February 21, 2023.

It registered a growth of 51% in the last quarter of 2022 compared to the same period of 2021

GPAINNOVA, a business group for solutions for finishing metal surfaces, once again broke its annual turnover record in 2022, reaching 26 million euros. This represents a two-digit percentage increase (12%) in relation to the 2021 figure, equivalent to €23.2M, thus chaining six consecutive years of growth and multiplying the 2016 figure by 43 (€600,000). This trend was accentuated in the last quarter, when it billed 52% more than in the same period of the previous year (€13.12M in 2022 compared to 8.65M in 2021). The organization consolidated its sales in the industrial sector and in international markets, achieving sales of machinery in 40 countries on five continents. Foreign trade had a great weight in business activity, since 95% of last year's turnover corresponded to exports. In the words of Pau Sarsanedas, CEO and co-founder of GPAINNOVA, the policy of continuous improvement and "innovation" contributed to the group "strengthening its international presence". The manager stresses that these results have been obtained in an adverse international context, marked by the outbreak of the war in Ukraine in February 2021; the escalation of the prices of energy, fuels and raw materials; the worst inflationary scenario in Europe since the 1980s, stock breaks and shortage problems, due in part to the confinements in China due to COVID-19. The GPAINNOVA data is explained by the significant increase in the annual turnover of its US subsidiary, which registered a record figure of $5.2M (€4.87M), three times more than in 2021. The company, based in Sunrise (Florida, USA), reinforced its commercial network by hiring specialized professionals to access new markets, including more Latin American countries. In addition, the company expanded its facilities in 2022 to modernize its surface finishing center in North America. About GPAINNOVA GPAINNOVA is a group of technology companies created in Barcelona in 2013, with offices in the Catalan capital, Sunrise, Hong-Kong and Shenzhen (China). Specialized in machinery for the treatment of metallic surfaces, with the brands DLyte and MURUA; marine robotics, with SEABOTS; medical devices, with GPAMEDICAL, and power electronics, with POWER INNOTECH. Its team is made up of more than 180 people, including more than 40 engineers, more than 60 distributors and more than 900 clients around the world. GPAINNOVA was selected by the Financial Times as one of the 1,000 fastest growing European companies in 2020, 2021 and 2022 , appearing as the first industrial goods organization in Spain for three consecutive years. It received the following awards: Most Innovative Surface Finishing Group at the 2022 European Enterprise Awards, Innova Award within the Company of the Year Awards; Innovation Award at the Surfair 2022 congress, TCT Post-Processing Award 2022 and the "Catalonia Exponential Leaders" 2022 distinction, awarded by the Generalitat, which recognizes the company as one of the 10 most disruptive companies in Catalonia.

Contact Contact name: GPAINNOVA Contact description: Contact telephone number: 931 256 536