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News Release from: Lantek Sheet Metal Solutions
Edited by the Manufacturingtalk Editorial
Team on 12 April 2005
Lantek announces 2004 turnover rose 15%
At its 6th International Meeting, Lantek announced that its turnover in 2004 was EUR 6,25 Million, 15% more than in 2003 and 680 new customers were reported.
Lantek's Board of Directors together with the National Managers of Lantek's worldwide branch offices held the 6th International Meeting at the Alava Technology Park during the first week of February 2005 The aim of this meeting was to analyse the company's results in 2004 and to establish the main objectives and strategic lines for 2005
This article was originally published on Manufacturingtalk on 11 Mar 2003 at 8.00am (UK)
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Lantek's turnover in 2004 was EUR 6,25 Million, 15% more than in 2003.
Lantek managed to bring 680 new customers in 2004 and right now more than 4.500 companies in 68 countries rely on Lantek as their sheet metal CAD/CAM software provider.
Many of these new customers are located in the USA, Latin America, Turkey and Asia, where Lantek's presence grew significantly during 2004.
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The company is proud of being a market leader in countries such as Spain with more than 1.350 customers, Italy with more than 650 customers, France with more than 500 customers, Brazil with more than 260 customers and South Korea and Portugal with 200 customers.
Furthermore, Germany with 285 customers, and UK with 200 customers have seen Lantek's presence increase significantly.
"Overall, 2004 was a very positive year for Lantek, since we met our main targets and the final results were above our own expectations".
"If we take into consideration that 2004 has not seen a complete recovery of the industry, the significant growth we had during this year clearly shows that we are working in the right direction".
"Our market share is constantly increasing and our leadership in the industry is stronger year by year".
"The strategy we defined several years ago is the key to the current success, and is based on three main concepts: R and D investment and international presence, along with staff satisfaction".
"We could have never made it without the strong commitment of our 95 employees," states Alberto Gabika, Commercial Director of Lantek.
Gabika continued: "In 2004, Lantek continued with its policy to invest 15% of our turnover in Research and Development activities".
"seven new programmers were employed at our headquarters in Spain and a new development centre with eight software engineers was opened in Bangalore, India, in order to enforce our development capacity".
"Thanks to this, the evolution of our software products is very significant and our current and future customers can be sure that they have a first class product." Gabika added: "We continue to increase our market share and leadership in Lantek's traditional markets such as Spain, Italy, France, Germany, Portugal and Latin America".
"We were able to significantly increase our presence in new markets such as the UK, South Korea, USA and Canada".
"And finally, we managed to succesfully approach completely new markets such as Turkey, Eastern Europe, India and China, where several new OEM agreements were signed with local machine manufacturers that now bundle their machines with Lantek's software." During 2004, Lantek have exhibited their products in 11 different industrial exhibitions in 2004.
* 2005: main targets - Lantek's main target in 2005 from the turnover point of view is to reach EUR 7,25 Million in sales".
" "Since our strategy has proved to be successful, we are to continue in the same direction".
"First, keeping our investment in R and D and therefore increasing our development capacity to deliver state-of-the-art products that not only will provide our customers with the most powerful CAD/CAM system available in the market, but also giving our customers a significant added value in the field of controlling the whole manufacturing environment from quoting through to invoicing, which is what our customers are demanding".
"And second, consolidating our international presence by enhacing our current teams in the existing eight branch offices and by increasing our efforts in new markets such as Turkey, Mexico, India, China, Eastern Europe and Russia".
"In 2005, our customers will be able to meet us at 13 different exhibitions worldwide." highlighted Gabika.
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