Grupo Antolin is continuing to consolidate its position as one of the world’s largest supplier of automobile interiors.
The company’s sales reached 5,425 million euros in 2018, compared to 5,037 million in 2017.
Without the effect of currency fluctuations, sales increased 3.2% in a context of decreasing global automotive production (-0.5%).
Ebitda reached €356 million in 2018. The end of the last financial year was affected by the deterioration in market conditions due to an increase in uncertainty in United Kingdom, the effect of the new WLTP emissions protocol, and trade tensions. The results also reflect production delays of some new programs.
Grupo Antolin is carrying out the biggest programme of launches in its history thanks to the confidence shown by the clients in the company. This confidence strengthens Grupo Antolin's standing as one of the biggest manufacturers of vehicle interiors in the world. At the end of 2018, the company had 429 ongoing projects of which 112 are programs that were launched last year.
Sales by Business Unit and Territories
In 2018, the four Business Units continued to consolidate its market share. Overheads Business Unit reached sales of €2,061 million and Doors achieved €1,886 million which represents a significant increase of 3%. Cockpits & Consoles attained €1,126 million and the sales for the Lighting Business Unit amounted to €349 million which represents an increase of 8%.
By territory, the sales growth was led by Asia-Pacific with an increase of 21% (618 million). It is worth noting that sales increased by 31% in China compared with a 3.5% drop of local automotive production. Sales in Europe reached €2,734 million; and in the NAFTA region, €1,946 million. Sales in Mercosur amounted to 90 million, 2% more than in 2017.
Further information: Investors Web Site