The Vigo company Ibercisa Deck Machinery, manufacturer of naval deck machinery, steps up its rate of growth, consolidating its export orientation.
 

The company increased its volume of business some 13,6 % over the course of 2017, with increases in all of its areas of business: fishing, towage, offshore, oceanographic, merchant, civil engineering, etc. 

Once again the volume of international export activity accounts for more than 85 % of its billings.

In 2018 the company managed to keep its growth of expenditure below that of its increased business.This places profit margins at over 6,03 %. 
This reiterates the strong reduction of bank indebtedness of the company in both the long and short terms, which is permitting a notable financial independence, without external capital, nor financial debt.  

At the close of the first quarter of 2019 sales show an upward trend that is approaching double digits, which is some 50 % more than the previous year.

In the last business year the sales figures have mainly been driven by two short-term circumstances: the positive recovery of the fishing industry on a global level, and the demand for civil engineering in ports. Nevertheless, the basis of recovery is shown to greater or lesser extent in all lines of business. 

The consolidation of Ibercisa Deck Machinery as a specialist in the manufacture of sophisticated mooring equipment in port facilities, for the berthing of heavy tonnage cargo ships, places the company in an extremely interesting sector.

During 2018 Ibercisa took an order from the important Brazilian company Val Do Rio Doçe, to manufacture 26 mooring winches to facilitate the berthing maneuvers of the mega-ships known as ValeMax, among the biggest iron ore cargo ships in the world. In 2016 Ibercisa was chosen as the winner of the tender for the manufacture of an order of similar magnitude to that recently delivered.

The consistent results and good catches of the global fishing fleets have given shipowners the will to renew and modernise with more technological, efficient, and profitable ships, leading to the consequent increase in our order book.

During 2018 we designed, manufactured and supplied equipment for the fishing fleets of the USA, Canada, Chile, Argentina, Namibia, Galicia, the Falklands, Norway etc., and we are still involved in the renovation of the Russian fleet for which we have already delivered the completed winches for three of the four first boats.

Currently, the company relies on more than one hundred full-time employees. We keep the human factor in consideration, as a principal asset of the company. We continue with our policy of bringing in new talent. In 2018 a new place of work has been opened, as part of an expansion plan to deal with the increase in production necessities foreseen for 2019.

The annual accounts of the company have been audited by AAMAS Auditores, collegiate society, who published a clean report, with no reservations whatsoever.

The impulse for this good behaviour in the evolution of business is linked to the change of management structure, introduced by the company three years ago to renew the leadership of its management.