Lantek’s revenues reaches 17.6 million euros

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Lantek, a leader in digital transformation and advanced manufacturing for the sheet metal industry, has recorded an increase in turnover of over 11%, reaching a milestone in its number of customers.

In 2017, turnover reached 17.6 million euros and the customer base grew by more than 2,000 new customers – exceeding the level of 20,000 active customers in more than 100 countries on five continents.

The company presented its results during the 2018 International Meeting, an annual meeting where all the employees meet to make an assessment of the year, as well as growth forecasts for the new year.

These results highlight the strength of the company's international business, which accounts for 86% of total revenue. In this regard, the progress recorded in markets with high potential such as China (+67%) is significant, and the US (+47%), where companies have been pushing for digitalisation for some time.

Says Lantek chief Alberto Martínez: “This has been a very positive year. We have reached most of the objectives we set, which demonstrates the trust that our customers have placed in Lantek. Our commitment is to work ever closer with them to help them on the road to their digital transformation.”

Lantek faces 2018 with forecasted growth higher than that recorded last year, after a significant increase in the order book, especially for orders related to digital transformation projects, which will boost turnover towards a new milestone, reaching 20 million euros in invoicing.

Concludes Martínez: "This year we plan to launch several products focusing on advanced manufacturing that will consolidate our strategy as a driving force in the digital transformation of our sector and that will help the sheet metal and fabrication market adapt to the new changes required by Industry 4.0.”