Trending...
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- Soaps & Essentials Invites the Community to Help Spotlight Local Brand Making a Big Difference
- Cancer Survivor Roslyn Franken Marks 30-Year Milestone with Empowering Gift for Women Survivors
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
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.
More on ncarol.com
###
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
- Hiclean Tools Releases HCX2100 Electric Pressure Washer
- Bùng Nổ Ra Mắt, AALIVE Tung Gói Thưởng 68% và Dàn Game Thuần Việt Hấp Dẫn
- ARCH Dental + Aesthetics Offers Free Consultations for New Patients
- Maisano Brothers Inc. Expands National Paving Division Into Tampa, Florida
- The Wait Is Almost Over: Jason&Kerri Kramer to Launch Blue Ridge Mountains Real Estate in Asheville
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
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.
More on ncarol.com
- Multi-Signature Cold Storage: Keyanb Introduces Institutional-Grade Asset Protection for Chilean Crypto Traders
- NKSCX Introduces Zero-Knowledge Proof of Solvency for U.S. Traders Amid $6.5 Billion Fraud Crisis
- New Oasis International Foundation Announces Strategic Partnership Network Across 15 Countries to Advance Community-Led Economic Development
- Some Music for Donald's Bad Day
- New You Smile Dental Implant Center Expands Office
###
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
- Coming Up this Weekend on CNBC Mike Milligan Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- UK Website Launches "Toy Time Machine" — Find Your Childhood Christmas Toy in One Click
- Silent Murmur Movie Screenings
- Raleigh's First Fully Equipped Mobile Strength § Conditioning Gym Hits The Streets
- $73.6M Pipeline, $10M Crypto Play & Legal Firepower: Why Investors Are Watching Cycurion (N A S D A Q: CYCU) Like a Hawk
- Grammy award-winning Cuban-Canadian artist Alex Cuba releases his 11th studio album, "Indole"
- Thread Advisory Group Launches to Help Retailers Turn Strategy Into Lasting Results
- QView Medical and Eve Wellness Announce Partnership to Advance Direct-to-Consumer Breast Cancer Screening With FDA-Approved AI
- New Article Reveals Common Pricing Pitfalls in Flooring Projects — And How to Avoid Them
- Meet the Dentist Bringing Advanced, Compassionate Care to the Kernersville Community
- Airbus Defence and Space and Omnitronics Sign MoU to Advance Interoperability in Critical Communications
- Belligerent Lifestyle Apparel Skate Team Set to Compete at the 31st Annual Tampa Am
- White Glove Restoration Sends "Help in Boxes" to Support Communities in Ghana
- NASA Agreements, New Ocean Exploration Applications Added to Partnerships with Defiant Space Corp and Emtel Energy USA for Solar Tech Leader: $ASTI
- Chic and Secure: The Blue Luna Debuts Stylish Keychains with Purpose
- BEC Technologies Showcases Leadership in Private Broadband Ecosystem with Inclusion in UTC's Ecosystem Summary Report
- $500,000 in Stock Dividend for Shareholders in 2025 Sweetens The Pot on Success of Becoming Debt Free with No Convertible Notes or Warrants for $IQST
- Milwaukee Job Corps Center: Essential Workforce Training—Admissions Now Open
- Aissist.io Launches Hybrid AI Workforce to Solve AI Pilot Failure for Customer Support Automation
- Christy Sports Makes Snowsports More Accessible for Families to Get Outside Together