Trending...
- RAS AP Consulting Expands AP Governance & Automation Practice and Named Finalist for Heidelberg Materials SAP Vendor & Customer Data Project - 109
- OneVizion Names AI Leader Matthew Kirk as Chief Operating Officer to Drive Governed AI Across Telecom and Electric Utilities
- Wagga Trucks set to expand to the Canberra Region as authorised dealer for Volvo, UD & Mack along with Freighter Group Trailers
CINCINNATI - ncarol.com -- 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 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% growth in revenue in 2020. Over half of new U.S. customer revenue was from Smart Factory solutions (MES & ERP). More than 150% 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%, only to rebound as measures eased and sales returned to pre-pandemic levels. In the last quarter, Lantek achieved a 6% increase in revenue. In December 2020, the company billed 2.1 million euros, an increase of 9.9% compared to December 2019, a very positive year-end.
More on ncarol.com
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% 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% in Turkey and close to 10% 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% and China by nearly 20%; and the Americas, where the USA is up about 9% 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
More on ncarol.com
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.
###
About Lantek Sheet Metal Solutions
Lantek is a multinational 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). Lantek's U.S. Headquarters are in Mason, OH.
For more information, visit: www.lantek.com/us
Lantek USA achieved nearly 9% growth in revenue in 2020. Over half of new U.S. customer revenue was from Smart Factory solutions (MES & ERP). More than 150% 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%, only to rebound as measures eased and sales returned to pre-pandemic levels. In the last quarter, Lantek achieved a 6% increase in revenue. In December 2020, the company billed 2.1 million euros, an increase of 9.9% compared to December 2019, a very positive year-end.
More on ncarol.com
- Discard Junk Removal Named #1 Junk Removal Company in Sacramento Out of 189 Businesses Evaluated
- J&J Exterminating Mourns the Passing of Founder Bobby John Sr
- Delirious Comedy Club Transforms Into Las Vegas' Newest Live Comedy Studio With Weekly Delirious TV Tapings
- BitTitan Advances MigrationWiz with New Capabilities, Platform Enhancements, and Product Leadership Update
- Sara Abbas Receives "Eniochos" Charioteer Award at 2026 Who is Who International Awards
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% 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% in Turkey and close to 10% 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% and China by nearly 20%; and the Americas, where the USA is up about 9% 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
More on ncarol.com
- Detained at 95: South Korea's Prosecution of a Religious Leader Draws International Alarm
- New from Regal House Publishing, The Withers, a desperate fight to defend loved ones
- CCHR: DOJ Takedown Exposes Over $220 Million Defrauded in Behavioral Mental Health Fraud Schemes
- Lady Liberty Is Coming Home: Historic WWII A-26 Invader Begins Her Final Journey to the Tulsa Air & Space Museum
- The Lashe Announces Limited-Time Sale on Professional Premade Fan Lash Extension Trays
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.
###
About Lantek Sheet Metal Solutions
Lantek is a multinational 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). Lantek's U.S. Headquarters are in Mason, OH.
For more information, visit: www.lantek.com/us
Source: Lantek Systems, Inc.
0 Comments
Latest on ncarol.com
- Webinar Announcement: Built for Trust: Latitude's 0 to 1 Compliance Playbook for Modern Cross-Border Payments
- OneVizion Names AI Leader Matthew Kirk as Chief Operating Officer to Drive Governed AI Across Telecom and Electric Utilities
- Dentists launch independent platform to help practices choose the right technology
- Contracting Resources Group Recognized by The Daily Record as a 2026 In the Lead: Best Women-Owned Businesses Honoree
- Woodforest Acceptance Solutions and AlpacaBOSS Launch Partnership
- New "Lakeside Picnic Ride" Package in Japan's Lake Chuzenji region of Nikko: July 1- November 30, 2026
- Former MP Shri GV Harsha Kumar Meets AICC President Mallikarjun Kharge
- Two Attorneys at The Stanley Law Group Named to 2026 South Carolina Super Lawyers List
- IGH Naturals Announces Peer-Reviewed HuMOLYTE® Study Published in Frontiers in Nutrition
- Allstream Energy Partners Expands AI-Optimized Website Development Division to Meet Growing Demand in GEO / AEO Services
- America's Workforce Solution Named an OpenAI SMB Channel Partner, Bringing Enterprise-Grade AI to Main Street
- Data Tiles Introduces the Decision-Driven Enterprise to North America
- FitTrace Sync 1.11 Brings Apple Health and Google Health Connect Integration Into Its Mobile App
- Disruptor Creations Pioneers New MicroAdventure Series with TravelSpike
- eCopier Solutions Surpasses 3,000 Five-Star Google Reviews and Maintains Perfect Five-Star Rating
- Creative Investment Research Welcomes Supreme Court Decision Protecting Federal Reserve Independence While Calling for Continued Accountability
- New from Regal House Publishing, The Reel Life of Zara Kegg: Love, grief, Godzilla, odd beach winter
- Ascent Solar Technologies (N A S D A Q: ASTI): Positioned at the Intersection of the New Space Economy, Defense Innovation and Next-Generation Energy
- Triple-Digit Growth, Stock Market Upgrade plus a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation (Stock Symbol: CDIX)
- Morrisville & Cary Education Centers Honored with National Award