The Albini textile group from Bergamo closes the 2018 financial year, the best of the last three years, with consolidated net revenues of 152 million euros, with an increase of 2% compared to the turnover of 149 million euros recorded in 2017. The year 2018 closed with a profit of 2,75 million euros. Ebitda went from 9,1 million in 2017 to 13,7 million in 2018. Cash flow was 11,8 million euro compared to 5,7 million in 2017. Net financial debt as at 31.12.2018. 12,9 is down by 25 million euros, XNUMX% less than the previous year.
In a market that continues to contract globally, President Stephen Albini, comments on the results as follows: "The market rewards excellence and the Albini Group has always been positioned in the top range, aiming and investing in innovative projects with international research centers, on sustainability issues, guaranteeing maximum transparency through of the supply chain, on the excellent quality of carefully selected raw materials and on ever more performing products and services to the customer, thanks also to a more stringent use of digital technologies. Furthermore, the determination to always want to be producers of Made in Italy, which is still highly regarded in the world, has proved successful".
NEW DENIM
Albiate 1830 Denim fabrics made with the precious Sea Island Cotton, the exclusive silky, homogeneous and full-bodied cotton produced in Barbados and Jamaica. This is the latest innovation in terms of excellence from the Albini Group, a denim of rare beauty that marks a new milestone in high-end streetwear and adds to the recent innovations linked to the performance of cutting-edge fabrics: X-Aquatech, the water repellent fabric on the outside and perfectly dry inside; X-Soltech, which ensures maximum protection against UV-A and UV-B rays and X-Thermotech, which thanks to thermoregulation gives an extraordinary feeling of dryness on the skin and Yoga, fabrics that acquire natural elasticity, without resorting to synthetics.
Next to these, the constant commitment of the Albini Group to make the fashion chain increasingly sustainable and transparent. This is demonstrated by the first scientifically traceable 100% cotton fabric created thanks to the partnership with Supima and Oritain, which has set a new standard in high quality ethical fashion.
