Cosentino Group, a global leader in the surfaces sector, has announced it has achieved record growth in its financial figures last year, even while recovering from the consequences of the pandemic at an international level.  

Consentino attributes the growth to a significant investment in innovation and sustainability, human capital.  The company said creating more jobs, helped it to reach an all-time high in its number of employees (14% increase)both globally and in Spain.

As a resultturnover grew by 30% to €1,401 million (€1,078 million in 2020), and the EBITDA was €275 million, including the application of IFRS 16, 29% higher as compared to the previous year.  The company’s net profit increased by 59% to €104 million.  

Cosentino has had an ambitious investment plan in place, investing a total of €105 million in 2021, as well as strengthening its main asset, human capital, with the creation of 685 new jobs to reach a total workforce of 5,425 employees by the end of last year.

R&D and innovation, robotisation, industrial extensions and, especially, the circular economy and the commitment to a new energy model have been the key areas where investments were made. 

On the industrial side, the full implementation of the new production lines for Silestone® was completed in 2021.  As for its carbon-neutral surface Dekton®, significant increases in productivity were achieved on its two current production lines, in addition to the construction of new buildings for line 3, scheduled to start operations in the middle of this year, and line 4.  Simultaneously, the company improved the automation of production plants and implemented new R&D developments, which have resulted in major milestones such as the exclusive HybriQ® technology for Silestone®. 

A new transversal Strategic Sustainability Plan was approved in 2021 and consolidated some of the company’s major current projects.  These totalled an overall investment of more than €15 million in environmental and safety assets last year.  

Consentino also started construction of what it says will be the largest industrial photovoltaic facility for self-consumption in Spain, with 35 MW peak power and an energy production capacity of approximately 58.2 GWh/year.  The facility includes almost 37,000 solar panels, in addition to the installation of solar panels on the roofs of the factories.  This project alone will involve a total combined investment of €24 million upon completion. 

Comments are closed.