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Lantek anticipates improved performance in 2014

Source:Lantek Release Date:2014-02-21 222
Metalworking
Lantek expects growth of 20% in 2014, through the better execution of its solutions unit and the consolidation of its global presence

Lantek, a multinational in software solutions for the sheet metal and metal structures industry, is in the process of drafting its Strategic Plan for 2013-2015 in consultation with the managers of its international offices following a conference at its Mi?ano headquarters.

At the company’s annual meeting where department heads, technicians, and marketers from around the world gathered to exchange and analyze ideas, the 2013-2015 Strategic Plan’s defining values were agreed to be innovation, teamwork, trust, commitment, passion, and connection to the client.

As the world leader in the development and marketing of software solutions for the sheet metal industry and the metal structures sector, Lantek aims to strengthen its markets this year with total sales volume growth of 20% for 2014. It plans to achieve this by radically changing its strategies in the comprehensive software solutions division to achieve a growth of 105% while at the same time maintaining the dominant position of its flagship CAD/CAM division, which will continue its sales growth with an expected increase of 9% this fiscal year.

"Lantek wants to optimize its earnings, improve profitability, and maintain international leadership in its market. Our mission is to develop integrated software solutions for the sheet metal and metal structures industry, providing added value to both our clients, professionals, and shareholders through a consolidated global team with a demonstrated capacity for technological innovation," explains Alberto Martinez, manager of the multinational organization.

Lantek can point with pride to having sustained market growth over the past decade. It has even shown modest upturns during the worst years of the international economic crisis. In just ten years, the multinational has increased its sales by 123%, reaching 12.18 million Euros in revenue. The company expects its sales to exceed 14.63 million Euros in 2014.

International and technological market development

Joseba Pagaldai, Commercial Director of Lantek, explained that by the end of 2013, the multinational had strengthened its US market, which now represents 15% of company sales. The EMEA region, despite a 5% reduction in sales, is becoming the main market, with particularly high activity in Germany, Italy, Spain, Poland and Turkey. In Asia, operations in Korea and China have been in place the longest and have made this region the second most important source of sales for the multinational.

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