Lantek results for 2021 show 26% growth

Lantek has again consolidated its market leading position following the announcement of its 2021 turnover. Despite the continued pandemic, the company has set a record turnover of 26.6 million euros, increasing sales to the machine tool manufacturer channel by 40%.2020 was a record year for the company, despite the Covid-19 crisis and its tough restrictive measures. Now, in 2021 in the face of the continued pandemic, the Spanish multinational has gone on to set a further all-time sales record, achieving total growth of 26% above 2020 levels.

The number of active customers at the end of the year exceeded 29,000, with 3,400 new customers across 100 countries during 2021.

International leadership

Lantek continues to strengthen its growth in international markets with an increase in sales volume of 42% in Asia, 13% in America and 19% in the EMEA region, while growth in countries such as Germany with 33% and Italy, with 25.6%, are stand out results.

In Italy, the company has further consolidated its presence with the construction of a new building. This new facility, located in Turin, has a surface area of over 1,200 m2. For both solutions and digitization sales volumes, Italy has achieved rapid growth making it one of the main markets for these Lantek products.

 

A commitment to innovation

To build on its technological leadership even further, Lantek has already started a long-term R&D growth and investment plan that extends to 2025.

“In 2022, we’re making the largest investment in the history of our company: In this first phase of our Strategic Expansion Plan, we have increased our commitment to research and development by 70%. Our workforce will grow by 50%, with a special emphasis on the R&D area and our international customer service team,” concludes López de Biñaspre, the company’s CEO.