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Lantek closes 2020 with record numbers

March 1, 2021 - In a year marked by the impact of COVID-19, which triggered harsh restrictive measures that slowed and paralyzed activity in the metal industry, Lantek, Mason, Ohio, has achieved record revenue. In 2020, sales reached 21.3 million euros, slightly higher than the previous year. As a result, the Spanish multinational, leader in software development and Digital Factory solutions and pioneer in the digital transformation of the metal and sheet metal sector, has consolidated its leadership in the international market.

Lantek USA achieved nearly 9 percent growth in revenue in 2020. Over half of new U.S. customer revenue was from Smart Factory solutions (MES & ERP). More than 150 percent revenue growth was realized through their Distributor/OEM channels, compared to 2019.

The efforts of more than 220 Lantek employees worldwide in adapting to the new context, and the confidence of customers have both contributed to the increase in revenues at the end of the year, showing a clear upward trend for 2021.

During the toughest quarter of the year, with confinement measures affecting many of its international offices, the company suffered a contraction in sales of -10.4 percent, only to rebound as measures eased and sales returned to pre-pandemic levels. In the last quarter, Lantek achieved a 6 percent increase in revenue. In December 2020, the company billed 2.1 million euros, an increase of 9.9 percent compared to December 2019, a very positive year-end.

The company also achieved a record number of active users. In 2020, the company gained 2,247 new customers, bringing the total to 25,747 distributed across more than a hundred countries.

The overseas market continues to increase its significant share of global sales and now accounts for 88 percent of revenues. By region, the impact of the pandemic was felt more in Europe, where the mobility restrictions imposed by governments have been more severe. As a result, Europe is slowing down its progress. However, in recent months Western Europe has regained some traction with increases of over 10 percent in Turkey and close to 10 percent growth in Italy, one of the countries most impacted by COVID-19.

Other continents are showing robust growth, such as Asia, with South Korea growing by more than 25 percent and China by nearly 20 percent; and the Americas, where the USA is up about 9 percent after winning new customers with major solutions and projects.

"We’ve closed a really complex year, but we’ve been able to adapt, respond and mitigate it. Our activity has not stopped, and productivity has increased. Already in the last part of the year our strong order book and maintenance contracts have helped us decisively recover lost ground and end 2020 with a turnover above that of 2019. The figures demonstrate our collective effort to recover from this shock, both on the part of employees and partners, and our great ability to adapt to changing and uncertain environments to continue assisting our customers on their path to digital transformation," says Alberto Lopez de Biñaspre, CEO of Lantek.

2021 Outlook

The second half of last year marked a turning point, with Lantek resuming its upward trend between October and December. The growth includes the addition of more professionals into the technical teams of Lantek’s MES, CAD/CAM and Cloud solutions areas. "We start this new year prepared and confident. Our teams are ready to take on the challenge, to continue to grow and implement the solutions that the industry needs," says Lantek's CEO.

 

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