(Finance) – Coflea leading company in the global design, production and marketing of command systems and control cables for the off-road vehicles, automotive and automotive after market sectors, closed 2023 with a turnover of 60.9 million euros, up 13.4% compared to 2022 (53.7 million euros).
There OE business linewhich produces cables and control systems in the agricultural, earthmoving machinery, commercial vehicle and premium automotive sectors, recorded growth of 10.5% compared to 2022, bucking the general trend of the market agricultural machinery in 2023. This result was achieved thanks above all to the introduction of new customers and new product lines.
There IAM business linespecialized in the production of spare parts in the automotive sector, recorded volumes equal to a growth of 20.1% compared to 2022, thanks to new commercial strategies that have become fully operational in both the Eurozone and Eastern European markets.