COINDU | Sustainability Report - 2024

INTRODUCTION and history of a supervisory board structure. Both founders, Antonio Lourenço and Armindo Gomes, then left the daily business and moved to the Supervisory Board, handing over all business to external manage- ment. Both men were major cornerstones and driving forces behind the company achieving sales of EUR 167 Mio. that year and all sales that COINDU achieved in the consecutive years. 2019 COINDU acquired BREE Collections GmbH, a luxury brand oper- ating in the Fashion apparel since 1970 based in Hamburg, Germany. COINDU’s acquisition extends the value chain of the Group and now can offer a high value products from Mobility to Fashion. Also in 2024, Gruppo Mastrotto, a leader in the leather industry, ac- quired a majority stake in COINDU. The entry of Gruppo Mastrotto into COINDU’s capital represents one of the most significant milestones in its history, a turning point that unlocks boundless horizons for sustainability, business diversification, and growth. A milestone that will allow them to provide an even more complete and integrated service to their clients, reinforcing their commitment to excellence and the identity of the COINDU brand. Very sadly, another shareholder change happened in 2014 when the founder Mr. Gomes passed away, handing over his shares to his heirs. In the same year, the company diversified its product portfolio and moved outside the automotive industry into the luxury apparel indus- try, supplying small parts to one of the world’s leading international fashion houses with products ranging from luxury handbags to many other leather goods. In the following year 2015, COINDU continued its internationalization strategy, opening a new plant in Mexico. In 14