- Grupo Antolin has broken the barrier of €2.6 billion in aggregate sales and €2 billion in consolidated sales.
- This represents three consecutive years of double-digit growth.
- It has a new record in the absolute value of its consolidated EBITDA and EBIT, of €222 million and €114 million respectively.
- The strength of the emerging markets has been a key element in this progress.
Grupo Antolin has once again beaten its record turnover and in 2012 achieved aggregate sales of €2.672 billion; its consolidated sales were €2.086 billion (11% greater than in the previous year). This result is largely due to the strong performance of the Asian market and NAFTA territory, with growth close to 60% in China and 41% in the USA, and to the contribution from the new Lighting business unit.
Over this period the group also had excellent profit levels, with an EBITDA of €222 million and an EBIT of €114 million. Thanks to its financial soundness, the Group remains a leading player inside and outside its sector, for the first time in its history reaching attributed equity of over €300 million.
The company, whose president is José Antolin Toledano, continues to focus on innovation as the paramount issue for the future development of the company, and on the strategic diversification of products, customers and markets. The result of these efforts is that Grupo Antolin is number 55 in the world ranking of the largest part suppliers in the car market.
To all of this we must add the flexibility of the Group which allows it to rapidly adapt to changing market circumstances and its extensive multi-technology range, capable of meeting the new trends in the sector. In addition, its high level of internationalisation allows it to face the growing demand from car manufacturers for global platforms.
According to José Manuel Temiño Estefanía, Chief Operations Officer, “we are going to keep working hard to strengthen our global presence, improve the financial strength of the company even more and therefore increase our competitiveness”.
In 2012 Grupo Antolin made two acquisitions: the company CML Innovative Technologies, a multinational group specializing in lighting systems for vehicles, and the business of the Italian company CRS involved in making trim inserts for car interiors. It also launched two Joint Ventures in India and Thailand to manufacture interior components.
Turnover is expected to grow in 2013 due in particular to the good performance of the operations in the Mercosur and Asia Pacific regions and despite the possible contraction of the European market.
In 2013 the Group will continue implementing large-scale programmes to improve its competitiveness in the industrial, commercial and financial areas, along with the necessary actions aimed at reducing costs and investments, therefore improving its profitability.
