A solution that is set to revolutionise the commercial vehicle wash sector with unprecedented efficiency and flexibility. This is how ISTOBAL, Spain's leading multinational in vehicle wash and care solutions, announces the new evolution of its innovative HW'PROGRESS2 rollover.
ISTOBAL is expanding its global presence with the establishment of a new subsidiary in Hungary. With this opening, ISTOBAL continues its commitment to offer high quality products and services, tailored to the needs of customers in different key regions for the Spanish Group.
In May 2024, ISTOBAL, the renowned Spanish company specializing in vehicle wash and care solutions, made a significant impact at the UNITI Expo 2024, held from the 14th to the 16th in Stuttgart, Germany. The event showcased ISTOBAL's cutting-edge advancements in the vehicle wash industry, emphasizing sustainability, innovation, and enhanced user experiences.
On Saturday 8 June, Montpellier became the epicentre of innovation when it hosted the Equip Auto On Tour trade fair at the Montpellier Exhibition Centre. This international event brought together manufacturers, suppliers, distributors and industry professionals to showcase the most cutting-edge products, services and technologies in the industry.
From 4 to 6 June, ISTOBAL has been present at the latest edition of Road Transport Expo 2024 (RTX) in Coventry, UK (Stand GR23). This show specialises in the road transport sector, bringing together professionals, companies and suppliers from the transport and logistics industry to showcase the latest innovations, products and services related to road freight and passenger transport.
In the coming days ISTOBAL USA will be showcasing its latest innovations specially developed for the US market at the 2024 Car Wash Show in Nashville, TN. From May 13-15, visitors to Booth #1335 will have the opportunity to explore ISTOBAL's cutting-edge equipment designed to deliver high-quality vehicle wash services while boosting business revenue.
ISTOBAL has shown throughout this week at Uniti Expo 2024 (Stand 1K02) its new portfolio of renewed solutions focused on increasing business profitability. At the show, we presented our latest range of innovative solutions, with the aim of empowering the car wash sector through more efficient and intuitive technologies, with a clear focus on sustainability and profitability.
This week ISTOBAL has been present at major industry trade fairs in key European markets in order to boost our presence in the car wash and care sector. Our participation in these events has allowed us to present our latest innovations and solutions, with the aim of expanding our reach and strengthening our position in key markets for the group's expansion.
With EBITDA of around EUR 14 million, the group's profitability remains at around 9% of sales, thanks to the growth of the services line and improved profitability in the main markets, which has offset structural costs and investment in new subsidiaries.
At the end of the year, the group accelerated its expansion in Europe with the opening of new commercial subsidiaries in France and Poland, responding to local market demands for a more direct approach in the multinational's strategy to achieve greater operational efficiency.
In 2023, Iberia remains the main market for ISTOBAL, which has experienced sustained growth coupled with an increase in profitability, and historic turnover figures in excess of 50 million euros.
Consolidated growth of services as a lever for profitability
The business line with the highest turnover for the group continues to be the sale of car wash equipment, with car wash bridges leading the sales, followed by services and consumables in second and third place, respectively.
2023 has again been a year of growth for the wide range of services offered by the group, which aims to provide comprehensive care in the car wash business. Over the last year this line grew mainly in markets such as Spain, UK, Sweden, Italy and Brazil.
ISTOBAL foresees sustained growth in 2024
In 2024 ISTOBAL foresees a growth of the group, marked by its commitment to international expansion focused on a model of direct sales and services in key markets for the company.
Its strategic plan focuses on capitalising on new opportunities from its renewed portfolio, aligned with industry trends, which foresees growth in services and consumables, as well as the potential derived from equipment connectivity and its commitment to sustainability.
The group's main focus will continue to be customer satisfaction, together with the pursuit of efficiency and operational flexibility, in order to consolidate its leading position at international level, while facing new challenges in the market.
ISTOBAL, leader in the car wash and car care sector
ISTOBAL is a Spanish company based in Valencia, Spain, leader in the design, manufacture and marketing of car wash and car care solutions. Since 1950, the company has provided the sector with innovative products for excellent vehicle care that guarantee an excellent user experience for its users.
The group exports its products to more than 80 countries, working with an extensive network of distributors around the world. With twelve subsidiaries and four manufacturing plants in Europe, America and Asia, ISTOBAL is currently the second largest manufacturer of car wash solutions in Europe and the fourth largest in the world. Currently, 70% of its production corresponds to international sales.
ISTOBAL, multinazionale specializzata in soluzioni di lavaggio e cura per tutti i tipi di veicoli, parteciperà alla nuova edizione di Transpotec Logitec 2024 (padiglione 24P, stand B09 C10) dove promuoverà le sue ultime innovazioni e soluzioni per il lavaggio interno ed esterno dei veicoli industriali.
