Lantek FY07 Revenue Up 17% to 10M Euro
 VITORIA-GASTEIZ,
Spain, May 27, 2008 - Lantek, a global leader in the design and marketing of
integral solutions in CAD/CAM and ERP for the machine tool sector, has
published its latest financial results, for 2007. In this year, the company
achieved a turnover of 10.2 million euros, 17% up on 2006. This comfortably
meets its targets, as well as showing one of the sharpest increases in
turnover since it began trading in 1986. These excellent results have also
been reflected in the workforce, which now totals 170, 14% more than at the
beginning of 2007.
Lantek’s R & D Headquarters
Lantek’s results have been driven by, amongst other things, its customer
portfolio, which has recorded growth of 16% in 2007, exceeding 8,000
customers in over 90 countries worldwide. Another major factor has been the
company’s commitment to investment in R&D; in 2007 this was over 2 million
euros. This is seen as essential to Lantek’s growth, and is supported by the
three development centers it has in Alava (Spain), India and Poland.
“The overall assessment of the year is an extremely positive one. We are
very satisfied with the results obtained, and especially so when we consider
that our targets were highly ambitious”, commented Alberto Martínez, CEO of
Lantek Sheet Metal Solutions. “We have continued to grow since we first
began trading, both in financial terms, our international presence and our
workforce. That says much about our hard work, as we continue to lead the
global market in sheet and section cutting and punching, as well as
consolidating our position in the new markets we are targeting.”
Sharp growth in international business
Out of the overall business gained by Lantek, 22.5% is in Spain, where
43% of sales come from contracts signed with new customers, of which there
are now more than 2,200. The company has also seen the share of turnover
from maintenance contracts rise by 31%.
The bulk of the business was generated abroad, in keeping with the
company’s expansion policy. A breakdown by countries reveals that Lantek’s
subsidiaries in Germany, France, Italy, and the United Kingdom, as well as
the recently opened office in Poland, are the ones that have recorded the
highest growth. In particular, the offices of Lantek Germany and Lantek UK
showed rises in turnover of 43% and 31%, respectively, duly largely to the
boost given to sales by the company’s Lantek Expert III ERP management
solution, one of the main product developments in 2007.
Lantek’s commitment to international expansion is key to its success, as
shown by the opening of subsidiaries in Poland, Turkey, Mexico and China,
where it opened its third office in 2007.
“These results uphold Lantek’s position as the foremost seller of
integral solutions within the sheet and section processing sector, both at
home in Spain and abroad. In addition to making a powerful entry into new
markets in Europe, Asia and Latin America, thereby increasing the number of
branches, we have worked to expand those we already had. All this has been
made possible thanks to the support and commitment of our network of
partners and collaborators, which now number more than 35 worldwide, as well
as to our to our R&D policies”, stated Joseba Pagaldai, International
Marketing Director at Lantek Sheet Metal Solutions.
Challenges for 2008
During its Annual International Meeting, held at the Technology Park in
Alava and attended by Lantek’s board of directors, as well as by senior
management teams from its offices throughout the world, Lantek presented an
assessment of 2007, and revealed its strategic plans and business targets
for 2008. Once again, the company has set very ambitious targets, as it aims
to increase turnover by 22% over that of 2007.
One of Lantek’s priorities is to continue its policy of expansion abroad,
so there are plans to open an office in Russia, as well as extend and
bolster its presence in the Baltic States, Middle East and Eastern Europe
through distribution agreements. In addition, a new centre for customer
support and service is to be opened in Latin America. All of this will take
place at the same time as it seeks to consolidate its offices in Turkey,
Mexico, the Czech Republic and its third office in China.
Elsewhere, Lantek will focus on driving the marketing of the recently
launched Version 27 of its Lantek Expert II software for sheet and section
cutting and punching, as well as of its Lantek Expert III ERP. It will also
continue to invest significant funds for R&D and training, not only to
fine-tune the products on offer in order to continue providing quality
solutions, but also to ensure it has a highly skilled and qualified team of
professionals, enabling it to provide high value service. To achieve this,
Lantek plans to assemble a team that is specifically dedicated to this
business area. In addition, the company remains committed to attending
exhibitions and events in the machine tool sector, both at home and abroad.
About Lantek
Lantek is a global multinational leader in the development and marketing
of integral solutions in CAD/CAM and ERP for the machine tool sector. Its
scope for innovation and its firm commitment to internationalization have
meant that Lantek, founded in 1986 in the Basque Country, has become a
global benchmark with its Lantek Expert solutions for sheet metal cutting
and punching. Today, the company has over 8,000 customers throughout the
world, with its own offices in Spain (Vitoria-Gasteiz), the United States,
Germany, Italy, the United Kingdom, China, South Korea, France, Japan,
India, Poland, Mexico, Turkey and the Czech Republic. Lantek also has a
network of distributors that extends its presence to 90 countries worldwide.
Its international business in 2007 accounted for 80% of its turnover.
For more information, visit at
www.lanteksms.com.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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