Leading vehile interiors manufacturer Antolin has reported revenues of 3,533 million euros in the first nine months of 2023, up 10% compared to €3,220 million in the same period last year (+10%).
Between January and September, Antolin achieved 249 million euros in EBITDA which represents growth standing at 12%, accomplished in part by the efficiency measures rolled out under its transformation plan coupled with cost optimisation and control. Global vehicle production grew by 9% over the first nine months of the year.
India and China among key growth drivers
All Antolin’s regions performed positively in the first nine months of the year, particularly Asia due to the strength of business in India and China – its sales rose 12% to 564 million euros, compared to 7% growth in vehicle production in this market.
Sales in Europe and other markets climbed 12% to 1,759 million euros. Meanwhile, Antolin’s operations in North America posted revenues of 1,209 million euros, a 6% increase compared to the same period last year.
As part of its transformation plan, Antolin is targeting an increased presence in markets with high growth potential for its business, such as China, and offering more value-added products to its customers by leveraging its capabilities in lighting, electronics, and HMI solutions. The goal is to attain sustainable and profitable growth while consolidating its position as the reference provider of technological solutions for the vehicle interior.
Within these commercial efforts, Antolin continues to increase its order intake, as between January and September of this year it has won new projects worth 5,300 million euros.
Bullish on demand from EV makers
One of Antolin’s business priorities is to tap into the business opened up by the new electric mobility that calls for a more technological vehicle interior delivering a better travel experience to the passenger. Antolin is backing the electric strategy of both legacy manufacturers and also new emerging firms specialising in electric cars with a strong focus on China. In total, it is a supplier to 14 all-electric brands around the world. According to the company, in 2022, around 40% of the electric cars sold in the world were equipped with Antolin components.
Antolin is one of the leading interior manufacturers worldwide with over 130 plants in 26 countries. It has achieved a strong industry presence through over 70 years of working with the global automotive industry and developed a complete cycle of component manufacturing, from their conception and design, through the development and validation stages, to their industrialisation and sequenced delivery.