ISTOBAL, the Spanish provider of car wash and car care solutions for the automotive sector, closed its 2016 accounts with a €17 million EBITDA, up 16 percent compared to the previous year.
International sales accounted for 80 percent of the group’s overall billing in 2016. France, Italy, the United States, Denmark, and the United Kingdom are the company’s top five export markets. In Denmark, sales rose almost by 50 percent while in Britain and the United States, sales increased by 40 percent and 30 percent respectively, compared to the previous year.
In 2017 ISTOBAL will continue implementing its expansion plan, seeking to make the most of the company’s potential for growth in the United States. The company exports its products to more than 75 countries thanks to a worldwide network of distributors. It has 10 subsidiaries and three manufacturing and final assembly plants located in Spain, the United States, and Brazil.