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ISTOBAL grows 9% in 2017, posting a turnover of €134mn

Spain and France are the most important markets for the Group, followed by Italy and the United States, where the subsidiaries increased their turnover by 20 percent.

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ISTOBAL, the Spanish leader in car wash and car care solutions for the automotive industry increased its turnover by 9% in 2017 compared to the previous year, posting more than €134 million. The Spanish company has managed to sustain the growth of recent years, with an EBITDA figure higher than €18 million, a 12% increase compared to 2016.

In 2017, Spain and France were the most important markets for ISTOBAL, accounting for 25% and 18% respectively of the company’s net turnover. They were followed by Italy, the United States, Denmark and the UK.

Enclosures, jet washes, chemical products and water treatment saw the highest growth rates in 2017.

The company’s expansion plans will concentrate on increasing its market share in the countries where it is already present, particularly in the United States, Italy and Germany.

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