Antolin recupera el beneficio en plena reestructuración de deuda

The Spanish automotive component manufacturer Antolin reported a net profit of 56.4 million euros in the first half of 2026, marking a turnaround from the 11.3 million euro loss recorded in the same period of 2025. This positive shift is primarily attributed to the extraordinary gain from the sale of its Indian subsidiaries, which netted 160 million euros at the beginning of the year and marked Antolin's exit from the Indian market.

The company's chairman, Emma Antolín, attributes this return to profit in the half-year to the significant proceeds from the sale of its three Indian affiliates, which culminated in the sale for 160 million euros in early 2026.

However, Antolin is grappling with a challenging situation, exacerbated by the sluggish automotive market and the slow adoption of electric vehicles. These factors have compelled the company to renegotiate contracts with suppliers to cut costs and prompted a workforce reduction, somewhat offset by the inflation in labor costs and severance payments.

As of June 30, Antolin's net debt stood at 1.319 million euros, a 4.7% increase, while current debt for the year reached 265 million euros, alongside 86 million euros due in 2026. The net debt balance rose to 1,319 million euros by June 30, a 4.7% increase, with current debt for the year totaling 265 million euros and 86 million euros due in 2026.

Antolin's total business for the first half of 2026 amounted to 1.733 million euros, a 11% contraction compared to the previous year. This decline is attributed to the impact of the dollar depreciation, asset sales, and the end-of-life cycle of some products. Operating results contracted by 57.5% to 21 million euros in the period, resulting in a semestral operating margin of 1.2%, less than half of the 2.5% recorded in the first six months of the previous year.

Despite receiving new orders worth 2.200 million euros in the half, double the amount from the same period last year, Antolin has reaffirmed its 2026 outlook, predicting revenue between 3.400 and 3.500 million euros, following 3.725 million in 2025, and a net financial debt-to-EBITDA ratio of three times.