Nice Footwear, a Vicenza-based company specializing in the development, production and marketing of sports shoes linked to renowned fashion brands, has issued a first 3 million euro tranche of the minibond which provides for the possibility of expanding its outstanding up to a maximum of 5 million euro , to support an ambitious growth plan based on the development and production of new lines for sport-fashion.
Leading the company Bruno Conterno, CEO of Nice Footwear SpA, who, with the support of a management team with proven experience (Francesco Torresan as COO, Angelo Sinico CFO and Andrea Pellizzari independent consultant), has strengthened the business model traditionally linked to the design and marketing of footwear with its own and/or licensed brands, introducing the activity of designing and developing collections for brands already known in the global footwear market.
A choice that led the company to record a revenue CAGR of 38,5% in the three-year period 2017-2019, with an EBITDA that rose from +5,8% in 2017 to +7,5% in 2019. Alongside the historic brand owned by Kronos, the production of footwear for licensed brands such as Ellesse, Avirex, Conte of Florence was introduced, as well as development and production contracts for third parties for internationally recognized brands. Nice Footwear expects to close the financial year on 30 April 2020 with revenues of approximately 24 million euros, an EBITDA of approximately 1,8 million euros and a net profit of 0,5 million euros.
