Grupo Antolin achieved sales amounting to €5,214 million in 2019, compared to €5,425 million in the year before.
Grupo Antolin’s sales outperformed worldwide automotive production due to the performance of some important projects, especially in the United States and the Czech Republic. This is also thanks to the strength of its business based on technological leadership and product and process innovation. Worldwide automotive production declined by 5,6% in 2019.
Ebitda reached €435 million compared to €356 million in 2018. The results were achieved in a challenging market that continued to be affected by major uncertainties, such as Brexit, trade tensions and the fall of key markets, especially China, the world's largest automobile market.
Throughout 2019 the company continued to work on its strategic transformation in which Antolin has been working for some time. The goal is to lead, from the interior of the vehicle, the change in the automotive industry. The company is developing smart and higher value-added systems, which provide further functions including technology, electronics, decorative surfaces and lighting solutions for its components.
In this way, Grupo Antolin continued to strengthen its position as a key partner for OEMs by supporting them in the development of their future vehicles. Grupo Antolin's components are present in more than 100 models that came to market and in the world's ten best-selling cars. The company had about 410 ongoing projects at the end of 2019.
Sales by Business Unit and Territories
In 2019, the Business Units continued to consolidate their market shares. Doors Business Unit reached sales of €1,976 million and Overheads achieved €1,921. Cockpits & Consoles achieved €975 million and the sales for the Lighting Business Unit amounted to €334 million.
By territory, sales in Europe reached €2,642 million; and in the NAFTA region, €1,960 million. Sales in Asia amounted to €478 million, and in Mercosur, €88 million.
Further information: Investors Web Site