Nextil news and archive

Nextil offloads American subsidiary, Elastic Fabrics

Nueva Expresión Textil, S.A. (Nextil) has said that it has proceeded with the sale of its American subsidiary in a transaction that is expected to generate a pre-tax capital gain of approximately 3.2 million euros. The sale regards the production facilities of Elastic Fabrics of America Inc, located in North Carolina in the US, according to...

Business

Nextil records positive EBITDA, turnover increases by 13.5 percent

European textile group Nextil recorded a positive comparable EBITDA of 0.3 million euros in the first quarter of the year, after deducting non-recurring expenses in this period. The company said in a statement that EBITDA for the quarter was 0.02 million euros, compared to 0.4 million euros in the same period of the previous year due to the...

Business

Nextil posts improved sales and profitability

Nexti reported a positive operating profit of 0.048 million euros in the first nine months of the year, compared with a loss of 8 million euros in the same period of the previous year. The company’s revenue in September 2021 reached 44.8 million euros, in line with the results of the previous period, and represented 80 percent of 2019 revenue....

Business

Nextil achieves positive EBITDA despite drop in revenues

Nextil, owner of brands such as Treiss, EFA, Ritex, SICI93, Playvest, Anna Llop and Dogi, managed to maintain a positive EBITDA of 0.6 million euros in the first nine months of the year, despite the fall in sales owing to the lack of commercial activity in key markets, such as Italy or Asia, due to the Covid-19. The company said in a statement...

Business

Nextil manages to maintain positive EBITDA in H1

Nextil, owner of brands such as Treiss, EFA, Ritex, SICI93, Playvest, Anna Llop and Dogi managed to maintain a positive EBITDA of 1.4 million euros in the first half of the year, despite much of the commercial activity has been paralyzed since February in some markets, such as Italy or Asia, due to the Covid-19 pandemic. The company said in a...

Business

Nextil posts 13.8 percent drop in Q1 turnover

European textile industry player Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop and Dogi, said that its EBITDA reached 1 million euros in the first quarter, a decrease of 0.5 million euros compared to the same period last year, despite much of the commercial activity has stopped since February in some markets,...

Business

Nextil reduces H1 losses by 39.3 percent

European textile group Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop or Dogi, reported first half EBITDA of 2.9 million euros (3.1 million dollars), 4.9 million more over the same period last year, reflecting the upward trend in profitability. The company said in a statement that positive evolution of the...