Increase in sales
Grupo Antolin reached consolidated sales of 5,247 million euros in 2016, representing an increase by 50% over the previous year if we consider that it is the first full year after consolidating Magna Interiors, acquired in August, 2015. EBITDA for Grupo Antolin in 2016 stood at 521 million euros, with an increase of 34%, while EBIT was 339 million euros, 27% higher.
These results took place in a context of growth and bet on innovation to meet the challenges of the automotive industry: the new mobility, autonomy, digitalization and electrification.
The Business Unit of Overheads and Soft trim led the sales distribution of the different Business Units, representing 40% of the total turnover, followed by the Business Unit of Doors and Hard trim, 28%, the Business Unit of Cockpits & Consoles, 21%, Business Unit of Seats, 6%, and the Business Unit of Lighting, 5%.
At the level of territories, Europe still represents more than half of sales, 58%, followed by Nafta -Mexico and USA region-, with 33% and Asia-Pacific with Africa that represents 8%.
Key financial figures (€ in millions)
|Consolidated Income before taxes||219.75||281.47|
|Consolidated Income after taxes||155.31||194.65|
|Income attributed to G.Antolin||137.42||177.64|
|Investment (Tangible and Intangible)||170.94||285.16|
|Net equity (Shareholders' Equity+Minority Interests)||492.27||620.76|
|Aggregated average Workforce||20,041||27,385|
|Consolidated average Workforce||17,817||26,845|
Figures prepared in accordance with IFRSs, as adopted by European Union