The company has just announced a 2007 turnover of 34 million euro, which is a 23 pc more than the same period last year. Premo Group is the main Spanish inductive components manufacturer, one of the three main Spanish electronic components exporters, being world leader in low frequency RFID aerials. Moreover, in Spain, Premo Group has a productive centre in Barcelona and in the Technological Park of Andalusia in Malaga . Besides, they have two production centres in Wuxi ( China ) and another one in Tangiers ( Morocco ).
The year 2007 has been the seventh consecutive year of constant and supported growth, with an added average of 27 per cent every year. Moreover, the EBITDA has increased up to 6 million euro. This means that the company is growing at a good rate and over competitors.
That has been possible only because the company strongly invests in innovation, generates new products and they are present in new technologies related to power electronics, automation electronics and professional electronics; and this is thanks to the strong commercial international activity where the presence in Asia, not only in China, but also in Japan, Taiwan, Korea ? is leading the company supported growth. At the same time their markets, clients, products and applications are increasingly diversified. Ezequiel Navarro , Premo Group CEO explains: "Thus, Premo has turned into a company increasingly solid, increasingly robust, increasingly resistant to changes in the market, recessions ? because the company has a very significant diversification that allows it to minimize the sectorial, geographical risks, and so on."
The company will invest 2.5 million euro, a 50.6 per cent of the total budget, being the main areas the RFID (?1.275,000), Inductive Components (?840,000), EMC Filters (?360,000) and power transformers and systems.
Premo products are present in numerous applications, for instance in automotive, renewable energies, power electronics, RFID (Radio Frequency Identification), PLC and EMC.