Grupo Antolin-Irausa, S.A. Business Report FY ended Dec. 2017
Financial Overview |
(in million EUR) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | Rate of change (%) | Factors | |
| Net Sales | 5,036.7 | 4,982.5 | 1.1 | 1) |
| EBITDA | 465.7 | 461.7 | 0.9 | 2) |
| Sales by segment | ||||
| Overheads & Soft Trim | 2,043.6 | 2,144.7 | (4.7) | 3) |
| Doors & Hard Trim | 1,632.4 | 1,467.9 | 11.2 | 4) |
| Cockpits & Consoles | 1,039.8 | 1,095.7 | (5.1) | 5) |
| Lighting | 318.3 | 272.4 | 16.9 | 6) |
Factors
1) Net Sales
-The Company’s sales in the fiscal year ended December 31, 2017 was EUR 5,036.7 million, an increase of 1.1% over the previous year. The increase in sales was primarily due to improved sales in Asia Pacific, North America, and South America. These gains were partially offset by declining sales in Europe and negative currency exchange effects.
2) EBITDA
-The Company’s EBITDA in the fiscal year ended December 31, 2017 increased by 0.9% over the previous year to EUR 465.7 million. The increase in earnings was almost entirely due to improved sales that offset the negative exchange effects.
3) Overheads & Soft Trim
-Sales for the Overheads & Soft Trim business unit totaled EUR 2,043.6 million in the fiscal year ended December 31, 2017, an decrease of 4.7% over the previous year. Decreased sales in Europe and North America contributed to the decrease in sales for the business unit.
4) Doors & Hard Trim
-In the fiscal year ended December 31, 2017, the Company’s sales in the Doors & Hard Trim business unit increased by 11.2% over the previous year to EUR 1,632.4 million. One reason for the increased sales in the business unit was increased sales in U.S. and Europe.
5) Cockpits & Consoles
-The Company’s Cockpits and Consoles business unit had sales of EUR 1,039.8 million in the fiscal year ended December 31, 2017, an decrease of EUR 55.9 million. The primary reason for the decrease in sales is due to the decrease in sales in UK facilities.
6) Lighting
-Sales for the Lighting business unit in the fiscal year ended December 31, 2017 totaled EUR 318.3 million, an increase of 16.9% over the previous year. The increase in sales was due to improved results in Western Europe and China from new projects.
R&D Expenditure |
(in million EUR) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | |
| Expense in projects | 118.9 | 113.0 | 69.9 |
| % of Sales | 2.4 | 2.2 | 2.0 |
R&D Facilities
-As of December 31, 2017, the Company has 22 technical-commercial offices.
R&D Structure
-As of December 31, 2017, the Company has 1,600 employees working in research and development.
R&D Activities
-The Company’s research and development activities are focused around the following three central strategies:
- Materials and processes: Weight reduction to reduce CO2 emissions, use of green materials, and cost reduction
- Industrial flexibility: Processes to produce different functions and allow adaptation to meet market demands
- Smart interiors: Supporting customers’ brand strategy to enhance the end user’s experience
Patents
-Between January 1, 2013 and December 31, 2017 the Company have filed 261 patents (of which 166 are currently active).
Capital Expenditure |
(in million EUR) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | |
| Overall | 333.4 | 285.2 | 170.9 |
-The Company’s primary investments in property, plant and equipment for the fiscal year ended December 31, 2017 involved the completion of a plant in Shelby, U.S., as well as investments in the expansion of production plants in China, Mexico, U.S., Germany, and Czech Republic.
-Investments in intangible assets during the fiscal year ended December 31, 2017 were primarily used on development expenses of new projects for FCA, VW, BMW, Mercedes-Benz, and Ford.