Nice Footwear, a company specializing in the development, production and distribution of shoes for leisure and sport, has approved the half-yearly report as at 31 October 2020 highlighting net revenues of 8.088.255 euros, an EBITDA of 672.545 euros (8,32%, ) EBIT of 354.469 euros (4,38%) and a net profit of 78.703 euros. Semester records a voluntary drop in turnover due to the company's remodeling strategy and diversification of customers and records revenues in line with the crisis in the sector, it is also underlined that the Company for the next six months (spring/summer 2021) has already acquired orders for 12 million Euros, which will contain the drop to -12%. compared to 2020.
"We are satisfied with the results achieved in this six-month period - commented Bruno Conterno, President and CEO of Nice Footwear SPA - which marked important milestones for us, from the issue of the first Minibond listed on ExtraMotPro3, to the opening of the Shanghai office, from the acknowledgment as an innovative SME to the transparency process undertaken with the drafting of our first Sustainability Report; all functional steps for the positioning of the company and for the future challenges that we have set ourselves and intend to achieve. In recent months we have been forced to operate in an extremely complex and challenging scenario which has allowed us to find new stimuli by closing with a decrease in turnover compared to the previous year's semester, a reduction which was voluntary given the market trend. In fact, we have reduced sales due to the contraction of distribution, nevertheless we closed in profit and we have increased our international client portfolio with total orders of 12 million Euros for the next semester.”
The company also has drafted for the first time the Sustainability Report referring to the year ending 30/04/2020, where non-economic values are expressed but social ethics and the sustainable supply chain towards the environment and stakeholders. By intensifying efforts to significantly reduce the environmental impact and highlighting the commitment to the management of sustainable materials and the selection of factories oriented towards the green philosophy. Nice Footwear has invested 2,2 million euros in Research and Development in the last three years in order to improve production and reduce environmental impacts
