April 15, 2019

Cosentino Group has increased its profitability, growing its EBITDA at a faster rate than sales. The volume of business at the end of the financial year was $1.1 billion, which represents an increase of 9.3 percent compared to the previous year.

With regard to the operations result, the EBITDA of the Group has, in turn, increased by 11 percent with respect to 2017, achieving a record figure of $160.5 million in 2018. The Group’s net profits climbed to $56.69 million.

The number of Group employees at the end of 2018 exceeded 4,300 people worldwide (4,314 employees), a staff composed of professionals representing up to 75 different nationalities. Last year, Cosentino created nearly 400 new direct jobs (397).

In 2018, the percentage of jobs with permanent contracts within the Group rose to 91.16 percent. Additionally, the percentage of women in management positions rose from 14.45 percent in 2017 to 18.07 percent last year.

The Group’s investments in the 2018 tax year rose to nearly $99 million ($98.79 million), maintaining the roadmap established in the company’s 2016-2020 Investment Plan.

Of this plan, 73 percent is earmarked for investments in Almería, Spain, especially within the Cosentino Industrial Park in Cantoria.  These funds will be focused mainly on improving and increasing production capacity, as well as in the industrialization of the novel automation and robotization systems developed the previous year.

Also worth noting is the construction and launch of a separate waste management plant within the industrial park last July, linked to the company’s environmental policy.

When it comes to the areas of sales and distribution, the Group continues its process of international expansion based on its own facilities. In 2018, the corporation opened new Cosentino Centers in the United States, Italy, United Kingdom, France, Sweden and Poland. In addition, with the opening of the City in Miami, Cosentino increased the number of these exclusive models of showrooms located in global city centers to 11.

The company closed 2018 with 136 commercial and/or own distribution facilities (117 Centers, 11 City, 3 Hubs and 5 Logistics Operators) distributed in more than 30 countries and distributing its products in 116 countries on five continents.

The brand launched its Cosentino City Los Angeles Center, one of only four in the United States and one of 12 globally, earlier this month. The $1.7 million 4,208 sq.-ft. indoor-outdoor space offers a high-tech, immersive experience to best serve design professionals and consumers alike in Los Angeles’ West Hollywood burgeoning design scene.

Created specifically for the world’s top metropolitan cities, the Cosentino City concept utilizes the latest in digital technology where architects, designers and homeowners can fully experience the expansive offering of Cosentino products, such as ultra-compact Dekton, and Silestone. The City Centers aim to promote a collaborative and inspiring environment where designers and their clients can discuss ideas, products and designs in an open, modern space, reflective of Cosentino’s signature style.

More than 300 leaders from across Los Angeles’ architecture and design community gathered to celebrate the grand opening. In addition to enjoying cocktails and Spanish tapas, guests were delighted when fashion icon and Silestone brand ambassador Cindy Crawford took to the stage for a conversation on her passion for all things design and fashion, moderated by Jessica Kantor, editor of LALA Magazine.

Notable guests in attendance included Eduardo Cosentino, EVP of global sales and CEO of Cosentino North America; Santiago Alfonso, marketing director of Cosentino Group; Massimo Ballucchi, Cosentino North America director of marketing; Jason Cathcart, manager of the Cosentino LA City Center, and more.

“With the new Cosentino Los Angeles City Center, we’ll ensure the city’s pre-eminent architects and designers have access in a convenient location to our latest products and expertise that underscores our firm commitment to Los Angeles and Southern California,” said Cosentino.

The showroom’s 3,529-sq.-ft. interior includes stunning exhibitions of Cosentino’s latest introductions, work areas for design professionals and the Cosentino Selection Center – a luminary of the space. Using the latest technology, design professionals and consumers can not only instantly view detailed, high-definition images of slabs in great detail but create lifelike renderings to envision how different Cosentino materials will appear in different residential and commercial settings and various applications. The 679-sq.-ft. courtyard showcases Dekton in exterior applications.