ISTOBAL, the Spanish provider of car wash and car care solutions for the automotive industry increased its turnover by 9 percent in 2017 compared to the previous year, to more than 134 million Euros at year end, according to pre-audited accounts. EBITDA was greater than 18 million Euros, 12 percent more than in 2016.
In 2017, Spain and France were the most important markets for ISTOBAL, accounting for 25 percent and 18 percent respectively of the company’s net turnover. They were followed by Italy and the United States, where turnover growth in the group’s subsidiaries was most significant, with increases of over 20 percent.
In terms of product divisions, ISTOBAL’s wide range of rollovers remains the best seller. Enclosures, jet washes, chemical products, and water treatment saw the highest growth rates in 2017.