Nextil news and archive

Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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Nextil improves credit rating, eyes expansion in Portugal and Guatemala

Madrid – Following a period of strong financial results and a strengthened balance sheet, Spanish textile company Nextil is accelerating its 2024–2026 Strategic Plan. The plan is centred on three key initiatives: improving its credit rating, expanding operations in Portugal through acquisitions, and increasing production capacity at its plant in...

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Nextil benefits from Trump's tariffs: 175 million dollar contract with US-based Maxum

Madrid – The Spanish textile company Nextil Group has secured a major partnership with the US multinational Maxum International Group, becoming a key player in Maxum’s supply chain. This partnership is a direct result of the relocation of production by US companies, driven by the new trade and tariff policies of President Donald J. Trump. The...

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Nextil sells Portugal production facilities in 4.4 million euros deal

Madrid – Spanish textile multinational Nextil, which currently operates its main production hubs in Portugal and Guatemala, is continuing to optimise its business model with the sale of all its production facilities in northern Portugal. This transaction, executed under a sale and leaseback agreement, allows the company to continue operating at...

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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...

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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...

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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....

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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...

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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...

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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,...

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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...