Grupo Antolin reached 5.2 billion Euros of sales in 2016 and announces a record investment of more than 380 million euros in 2017
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.
"Last year was the first full year in which we fully reaped the benefits of the acquisition of Magna Interiors with some very positive results," pointed out Ernesto Antolin, Chairman of Grupo Antolin. "During 2016 we also consolidated as a platform of growth, innovation and leadership in the manufacture of the car interiors. Over last year we were present in 42 out of 154 launches that took place worldwide, almost one in three, which puts to Grupo Antolin as an essential supplier as car interiors for global manufacturers", he concluded.
Ambitious investment plan in 2017
Grupo Antolin is facing the year 2017 with the intention of further increasing its production and trade capacities, through relevant investments in markets and key activities, enabling it to cope with the demands of its customers.
Its investment plan takes into account these challenges and will represent an outlay of more than 380 million euros, 48% more compared to 2016.
Grupo Antolin will invest about 100 million euros in one of its key markets, the United States. Much of this investment will go to a new factory in Michigan, more than 61 million euros, where Grupo Antolin will expect the biggest order in the history of the company in which the estimated production will surpass 400,000 vehicles per year.
Other relevant investment in the U.S. is the implementation of a new factory in Alabama, with an amount provided for around 10 million euros.
Grupo Antolin will also focus its investment efforts on another key market like China, with new facilities for instrument dashes, and will strengthen its commercial presence in the Czech Republic to meet the growing demand in this region.
With a vision on the medium and long term, the company will continue to make a significant effort in R&D&I. In 2016 investment in R&D surpassed two percent of sales.
Results 2016: Business units and territories
2016 results show a clear trend: growth. This has been one of the key axes of Grupo Antolin last year.
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%.
Commitment to Human Capital and Training
Grupo Antolin is aware that one of the success factors to be competitive in the present and future market is by having the best professionals in its team. For this reason, the company has scheduled to inaugurate a center of Professional Dual Training in Spain during 2017 and develop the existing one in Germany.
This initiative falls within the scope of the Grupo Antolin through the attraction of talent that includes various initiatives and programs related to the professional development and innovation in the automotive industry and the manufacture of interiors.