SAN DIEGO – Mitchell International Inc. has announced record business performance results for 2008. Mitchell reports it grew revenue by over 15 percent on a year-over-year basis and is on pace to achieve similar growth in 2009 — with sales expected to exceed a quarter of a billion dollars ($250 million). Mitchell says it made substantial gains in new customer additions. For 2008, Mitchell says it added over 2,500 new collision repair shops to its network.
“We are proud of our strong performance in 2008 — especially given the challenges presented by the economy,” said Alex Sun, president and CEO. “The fact that Mitchell achieved balanced growth across its key business lines was especially encouraging.”
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Mitchell’s physical damage business benefitted from a number of product lines. WorkCenter Total Loss, WorkCenter Dispatch and ABS Enterprise each more than doubled revenue year over year, and AutocheX grew by 20 percent.
Sun noted, “As our business results demonstrate, Mitchell was, and is, firing on all cylinders—with even more powerful momentum and results expected in 2009.”
