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Nice Footwear first half revenues increase

By Prachi Singh

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Business

Image: Courtesy of Nice Footwear

The total net revenues of the Nice Footwear S.p.A. Group for the first half period to October 31, 2022 amounted to 23.8 million euros, an increase of 60.57 percent compared to the first semester of the previous year.

The EBITDA for the period, the company said, stands at 15.36 percent of turnover compared to 7.43 percent last year and in absolute value it is equal to euros 3.6 million, an increase of 2.5 million euros compared to the first half of 2021.

EBIT is equal to 2.7 million euros, net profit was 2.8 million euros.

“In this semester, despite operating in a very uncertain economic and geopolitical framework, the company has performed positively, achieving satisfactory results and in line with the latest forecasts,” said Bruno Conterno, CEO of Nice Footwear.

The company added that the half-year report of Emmegi Srl was consolidated for the first time, which has been part of the group since January 2022.

Nice Footwear