Grupo Antolin third-quarter sales fell 9.6% to EUR1.06bn (US$1.3bn), while EBITDA grew 12.7%.

“The company’s activity has recovered progressively between July and September, thanks to the improvement of the markets since the historic crash in April,” said a Grupo Antolin statement.

“Grupo Antolin’s sales in the third quarter were EUR1,060m, a reduction of 9.6% compared to the same period of the previous year, but a clear improvement compared to the 65% drop in revenue in the second quarter.

“Grupo Antolin has shown it has a strong, resilient and flexible business that is managing to cope with the COVID-19 crisis. During these months, the company’s priority has been to protect the health of all employees, ensure business continuity and protect liquidity, despite the considerable disruption of the market.

“The company is optimistic about future developments in the sector, although analysts estimate that the industry will take some time to reach 2019 production levels.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.