Industry Newsline

ISTOBAL SALES UP BY 2.2 PERCENT

06/25/19

ISTOBAL, the Spanish provider of vehicle wash and care solutions for the automotive industry, generated turnover in excess of 137 million euros in 2018, with sales up 2.2 percent over the previous year according to a company statement.

Spain and France are still the most important markets for the multinational group, accounting for 22 percent and 18 percent respectively of the group’s net sales of car wash equipment. Italy is third on the list of top markets followed by the United States, where sales grew around 50 percent.

The group currently employs more than 900 individuals, 700 of whom are based in Spain. It expects to generate turnover of more than 141 million euros in 2019.

With a presence in more than 75 countries worldwide, the group will focus on increasing its market quota in all its locations this year to consolidate its leadership — particularly in the United States, Italy, and other countries that offer significant business opportunities for ISTOBAL. 



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