LETTERS FOR THE PRESIDENT

In round numbers, the Corporation achieved over €11bn in sales, with a staff of more than 70,000 people and a record profit of €593m. MONDRAGON’s four areas of business (Industry, Finance, Retail and Knowledge) all performed well. and it can be concluded that overall, our cooperatives have successfully come through a difficult year, conditioned once again by geopolitics and its impact on the economic and market trends.

Apart from the quantitative progress made, another aspect of 2023 we can highlight is the official creation of the Knowledge Division, comprising education centres, a university and technology centres.

In short, 2023 is considered to have been a very good year and we are sure that the projects currently underway will yield returns in the next few years. Aurrera! (Forward!)

MONDRAGON’s development in 2023 reaffirms the strength of its social and business model. An ecosystem of different cooperative-based projects able to compete on the markets and spotlight a different way of doing business – more necessary than ever in today’s economy and society – based on genuinely giving people the leading role, committing to our local environment and seeking common progress.

Our roadmap contains measures for strengthening our cooperative identity, boosting business, opening up to the outside world and advancing through inter-cooperation in different areas. Because we aim to be a cooperative global benchmark, where people transform society through cooperative strength, with a human dimension, competitiveness and a social impact”.

This is the distinctive feature of the MONDRAGON cooperatives, which join forces to effectively build a fairer, more equal, inclusive and sustainable society. And all this is possible in the past, present and future because we do it together: elkarrekin.