- Despite the uncertain economic and financial situation, the company has strengthened its leadership in all regions, especially in EMEA, where its business volume has grown by about 25%
- The Solutions division has seen a 60% increase during the first half of the year
September 26, 2012 - Lantek, world leader in the development and marketing of CAD/CAM/MES/ERP software solutions for the sheet metal and structural steel industries, has announced its financial results for the first half of the 2012 tax year, ending on the 30th of June. During this period, marked by macroeconomic uncertainty, Lantek has recorded an 8.3% increase in its business volume.
Lantek´s good growth rate means that the company is on the right track to achieve the initial predictions set for 2012, a year in which it expects to close with a 13% increase in its turnover.
Although all regions have seen a growth in income, the EMEA market has achieved the best results during the first half of the year, with a growth of 14.9%. This increase reflects the significant boost that was recorded in markets in the development and investment stage, which include the United Arab Emirates, which has expanded by more than 100%, Poland, which has grown by around 44%, and Turkey by 24%.
In the other advanced economies in EMEA, despite the continued effects of the economic slow-down still felt by some European countries, Lantek has seen growth ranging from 5% in Spain to 42% in Germany. These increases have been driven primarily by the advanced technology in Lantek´s latest comprehensive business management solutions.
In the Americas region, Lantek has seen an increase in turnover of more than 10%. This includes the Argentinian and United States markets which have achieved the best performance levels, with growth percentages of 50% and more than 42% respectively. The other countries in which Lantek operates have also contributed positively to the overall results and it anticipates further increases in the second half of the year, especially in Brazil, Peru, Colombia and Chile.
The business performance of the Asia-Pacific group of countries sees a small increase, with South Korea being the market that has produced the best results in this region, ending the first half year with a 10% increase, which mainly came from success during the second quarter of 2012.
"We are satisfied with the results obtained in the first half of 2012, due to the fact that we have managed to grow more than 8%, despite the difficult and confusing situation the economy is experiencing on a global level, especially in Europe." said Alberto Martinez, Manager of Lantek. "Our overall assessment is positive and the results show that the market continues to demand high performance solutions, which offer flexibility and manageability. Both our policy of internationalisation and our specialisation in comprehensive solutions for sheet metal, profile and tube cutting, have contributed to Lantek being the world leader in its sector. We are optimistic and believe we are on the right track to meet the targets set at the beginning of the year and believe that 2013 will be a great year for Lantek."
A great time for the Solutions division
Since it was founded, more than 25 years ago, Lantek has made its commitment to innovation and international expansion clear. However, since 2010 the company has chosen to implement a specific strategy focused on the development of high-value solutions for the sheet metal industry and the structural steel industry, without neglecting its core business which has made it the world leader in CAD/CAM software for sheet metal, profile and tube cutting.
During the first half of 2012 the turnover from the CAD/CAM area has remained stable in countries where Lantek´s traditional business is mature, such as Spain, Germany and Italy. However it has grown significantly in emerging markets. Overall, the CAD/CAM solutions, which amount to 82% of Lantek´s total business volume, have reported a moderate growth of around 3% during in this period.
In the same period, Lantek’s Solutions division has recorded spectacular growth. Here Lantek has increased its turnover by more than 60%. An increasing number of clients are seeking not only CAD/CAM software for their machines, but an integrated system capable of meeting their workshop needs, managing their projects, and coordinating their company´s key business activities.
“Right now our customers are more focused on maximising their productivity and being as efficient as possible. Therefore, it is mainly the German, Spanish and North American companies that are looking for the types of advanced solutions that Lantek can offer," says Martínez. “During the first half of the year this division has expanded to represent 18% of Lantek’s business. Without a doubt, we are growing to become the perfect partner for companies in the sheet metal and structural steel sector.”
Lantek is a leading global multinational in the development and commercialisation of software solutions for the sheet metal and structural steel industry. Its capacity for innovation and its firm commitment to internationalisation and the development of emerging markets has led Lantek, founded in 1986 in the Basque Country and with head offices in Vitoria (Alava), to become a global reference in the industry with its CAD/CAM/MES/ERP solutions. Today, the company has over 12,000 clients in more than 100 countries, offices in 15 countries, and a wide network of distributors providing worldwide coverage. In 2011 its international operations provided 83% of its turnover.