EBITDA up 14% in H1 at Grupo Antolin

Burgos Spain — Grupo Antolin, which uses polyurethane extensively in car interior components, recorded sales of EUR 2678.3m in the first half of 2019. This is lower by 1% than the same period in 2018. 

EBITDA across the business rose 14.5% and hit EUR 197.6m of 2019. 

The company's headliners and soft trim business had sales subsided by 4% between the first half of 2018 and 2019. They were EUR 992m in the first half of 2019. This compares with EUR 1034.5m the first half 2018.

At the same time, EBITDA in the division increased by 20.6% It hit EUR 71.3m the first half of 2019. This compares with EUR 59.1m the 2018 period.

Sales fell in both the first and second quarters of the year. There were Sales increases in Slovakia, for the Jaguar LandRover Discovery and Defender models as well as Audi)in Europe; and Alabama, where the company supplies Daimler. But these were not enough to compensate for revenue declines at Jaguar in the UK and Germany. The German fall is linked to restructuring at VW. 

The company's doors and hard trim business sales grew by 7% between the first half 2018 and 2019. They reached EUR 999m the first half of 2019. This compares with EUR 936m in the first half of 2018. 

Sales rose here because of increasing production of the Dodge Ram in the US and Audi Q3 in Turnov, Czech Republic.

The company's other businesses include cockpits and lighting. Here sales shrank by 4.0% between the first half 2018 and 2019. They reached EUR 685.2m the first half of 2019. This compares with EUR 713.6m in the first half of 2018.