Lantek increases its turnover by 9.6%, reaching 21.1 million euros
Lantek has disclosed its economic results from last year, reflecting the steadiness of its rate of growth. In 2019, turnover reached 21.1 million euros, which implies an increase of 9.6% compared to the previous year, securing its position as leading company in software development and advanced manufacturing solutions for the metal and sheet metal sector.
Lantek is a Spanish multinational, specialized in the development of software for the sheet metal sector. It employs over 200 people worldwide and is a strong leader in its sector thanks to its ability to innovate and its commitment to internationalization.
The number of active clients increased notably in 2019, bringing in 1,900 new users, doubling the normal growth rate and reaching a total of 23,700 distributed over more than one hundred countries.
Lantek’s international business continues to grow, now constituting 86.3% of turnover, the countries with greatest significance for the company being: Germany, Italy, the USA, France and China which, together with growing local business, are becoming strategic markets.
The United Kingdom also achieved double digit growth, despite the uncertainties surrounding Brexit. Rob Powell, UK Commercial Director said, “I am pleased to have achieved any growth in such a politicly uncertain year. The 14.1% we achieved overall is a good result. Q4 was up 30% on the previous year, which makes us optimistic looking towards 2020.”
In the case of South Korea and France, an increase of 30% has been achieved in each territory. Germany attained a notable increase of 26%. Mexico, Turkey and Poland also increased their turnover, exceeding double digits.
“For yet another year, we have registered close to double digit growth which has enabled us to achieve record sales figures. This demonstrates the stability of our business, thanks to our international market penetration, the tremendous growth of our installed client base and our exceptional portfolio of products and solutions. This stability allows Lantek’s business to develop sustainably while maintaining a solid financial position which means that we are able to face the growth in demand implied by the new challenges of Industry 4.0", confirms Alberto López de Biñaspre, Lantek CEO.
As is now traditional, the company presented its performance at the “IM2020”, the International Meeting that, every year, gathers together 170 of Lantek’s employees both from Spain and its international offices from all over the world to create a discussion forum and to take stock of the year. The International Meeting is also the backdrop for defining business objectives that will reinforce the organization’s strategy and road map for the years to come, consolidating the Lantek brand as a global reference in the sheet metal sector and pioneer in the digital transformation of the market.
This edition, held at the Europa Congress and Exhibition Hall in Vitoria-Gasteiz, was particularly special as it featured renowned speakers such as Bart Farrell, Talent Manager for VeGlobal, trainer and technological disseminator. It took place over three days divided between seminars and work groups in collaboration with prestigious consulting firms such as Minsait (Indra group), JAKINCODE and OPE Consultores.
Digital transformation: Solutions area
In terms of business areas, the company’s commitment to digitalization has been reflected with an increase of 24.7% in the Solutions division. The mission of the division is to realize the Smart & Digital Factory implementing an integral management model for manufacturing and the company as a whole.
Looking at geographical regions, the considerable growth in this area in countries such as France, Germany, Spain, Korea, Italy and the USA, with ratios of around 35% and, significantly, up to 50% in France or Germany, is an extremely positive sign given that these were already markets with healthy volumes. China is full of great expectations in terms of growth, a market whose sheet metal industry has firmly committed to Industry 4.0 and is becoming the driving force in the Digital Transformations and Advanced Manufacturing Solutions area. This is due, in part, to the fact that in many industrial companies the software has come to occupy a prominent place in the digitalization of their plants through making interconnection between systems, machines and processes possible, as well as enabling decision-making based on data.
Growth in the subscription area for updates and technical assistance is also worth highlighting as a business model, achieving growth of 16%.
The drive of Lantek’s new Cloud applications and the SaaS model are favoring the deployment of this model.
One of the main reasons for the growth that the company is experiencing lies in its commitment to innovation. Last year, the sum dedicated to Research, Development and Innovation was around 2.96 million euros, which constituted an increase of 15% compared to the previous year.
The aim of this investment is to launch innovative solutions in the area of advanced manufacturing, specifically for the sheet metal sector, subsequently supporting operational growth and excellence in the automotive, aeronautics, railway and naval sectors, among others.
The company develops all its innovations based on the underlying concept of extended digital transformation, consistent with creating collaborative environments for clients, suppliers and the market in order to grow as technological partners.
Towards this end, the company is finalizing the launch of an advanced MES which bases decision-making on data analysis.
"In 2020, our strategy will focus on our clients and on the exponential growth of our installed international base, making the digital transformation of our sector a reality. Lantek makes this possible with its market leading advanced manufacturing technology and its operational excellence as a supplier of solutions and services. Our 34 years of success on the international market endorse us as a reliable and ethical company and a forerunner in terms of Industry 4.0", concludes Alberto López de Biñaspre, Lantek CEO.
Lantek is a multinational which is leading the digital transformation of companies in the sheet metal and metal industry. With its patented smart manufacturing software, it enables factories to be connected, turning them into Smart Factories. It rounds off its range of services with CAD, CAM, MES, and ERP solutions for companies that manufacture metal parts from sheet metal, tubes and profiles using any cutting technology (laser, plasma, oxycut, waterjet, shearing, and punching).
Founded in 1986 in the Basque Country (Spain), one of the main European hubs of machine tool development, Lantek enables the integration of sheet metal and metal processing technologies using the most advanced manufacturing management software. The company is currently the outstanding leader in its sector thanks to its capacity for innovation and commitment to internationalization. With more than 21,884 customers in over 100 countries and 20 offices in 14 countries, it has an extensive network of distributors with an international presence. In 2018, its international business contributed to 86% of its revenue.
For more information, visit: www.lanteksms.com/us
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