Nextil: Operating income up by € 8 million

Operating income up by € 8 million

(Source: Nextil)
(Source: Nextil)

Despite the rise in raw materials and energy prices, profitability significantly improved for Nextil in Q3/2021 with an EBITDA of €3.2 million, 498% higher than in the same period of the previous year. Sales grew by 50%, reaching €44.8 million in the 3rd quarter (Q3) and now account for 80% of the 2019 turnover despite exiting the fast fashion segment.  
Nextil Group, Barcelona/Spain, one of the largest groups in the European textile industry, obtained a positive operating profit of €0.048 million in the first 9 months of 2021, compared with a loss of €8 million in the same period of the previous year.
Both the business unit (BU) Fabrics and the BU Garment significantly improved their sales and profitability.
The BU Garment achieved €2.4 million EBITDA in Q3/2021 (Q3/2020: €0.6 million), with a sales increase of over 57% compared to the previous year. The EBITDA margin grew from 20.8% in 2019 to 26.7% in 2021.  
In BU Fabrics, EBITDA was € -1.1 million compared to -1.4 million in 2020, an improvement of 22%. Sales in the Fabrics unit grew by 34% but could have been higher as the order backlog increased by 180% compared to 2019. However, ongoing yarn supply chain outages in both Europe and the Americas forced intermittent closures that prevented us from meeting full demand.

Your Newsletter for the Textile Industry

From the industry for the industry – sign up for your free newsletter now

To differentiate your newsletter registration from that of a bot, please additionally answer this question: