The ISTOBAL Group, a leading Spanish multinational in vehicle wash and care solutions, has reached a total turnover of EUR 156 million in 2023, recording a net profit of EUR 7 million and an operating profit of EUR 11 million. 

With an EBITDA of around EUR 14 million, the group’s profitability remains at around 9 percent 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 European expansion by opening new commercial subsidiaries in France and Poland, responding to local market demands for a more direct approach to the multinational’s strategy to achieve greater operational efficiency.

ISTOBAL foresees continued growth for 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 capitalizing 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.