Gaviota Simbac: A Journey of Successful Global Expansion and Impressive Revenue Growth - Bestende
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Bestende / news  / Gaviota Simbac: A Journey of Successful Global Expansion and Impressive Revenue Growth
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21 July, 2023

Gaviota Simbac: A Journey of Successful Global Expansion and Impressive Revenue Growth

The manufacturer of accessories for blinds, awnings, and enclosures, Gaviota Simbac, is at the forefront of an incredible journey of international expansion and revenue growth. Thanks to a savvy strategy and strategic acquisitions, the company has managed to almost double its revenue in just two years, establishing itself as a true industry giant.

Founded back in 1968 in Sax, Gaviota Simbac has undergone numerous changes over the years, but its constant determination to grow and adapt to the market has allowed it to emerge as an undisputed leader in the market for accessories and systems for blinds, awnings, and glass enclosures.

One of the keys to its success has been the combination of organic growth and the strategic acquisition of other companies. Last year, Gaviota Simbac surprised the market by acquiring ten companies, including the Uruguayan aluminum openings manufacturer Lidasur, the Italian company Aluit, and the renowned French distributor Maitre Store. These acquisitions contributed to an increase in the company’s revenue by over 45.6 million euros.

The results of this strategy have been simply extraordinary. In just the last year, the company has recorded an increase in revenue of nearly 33%, bringing its total revenue to a staggering 207.4 million euros. This achievement has allowed Gaviota Simbac to easily surpass the 200-million-euro revenue mark, making it one of the leading companies in the sector.

These remarkable results have not only been the result of acquisitions but also of the company’s ability to maintain sound financial management. Despite the efforts required for the integration of new companies, Gaviota Simbac managed to improve its net profit by 20.8% in the last fiscal year, reaching a total of 18.9 million euros.

Gaviota Simbac’s success has not stopped at national borders. The company has made determined efforts to expand internationally, becoming increasingly present in foreign markets. Its global presence extends to 79 different countries, and 52% of its revenue comes from abroad. In 2022, the company exported goods worth 62.2 million euros to the European Union and another 46.3 million euros to non-EU countries, demonstrating its international relevance.

Looking to the future, prospects for Gaviota Simbac appear even brighter. The company has already announced its first acquisition of the year, this time of an American company based in Florida, aiming to further strengthen its position in the US market, where it has already achieved significant sales.

Founded in Sax, Gaviota Simbac’s home base, the company is now one of the major players in the industry, boasting eight production facilities and five subsidiaries in different countries. With a consolidated workforce of over 1,000 employees, the company is constantly growing and stands as an example of success in the international business landscape.

Gaviota Simbac has demonstrated that with a clear vision, prudent management, and a well-defined international expansion strategy, challenges can be turned into opportunities, paving the way for success and growth in the global market. Its journey of success continues, and it will certainly be interesting to see where the company will go in the coming years.

 

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