Spanish fashion firm Bimba y Lola posted a net profit of 11.6 million euros in fiscal 2022.It ended on February 28, 2023, so 26.1% less That’s more than the same period in 2021, a year marked by “significant” investment effort and the impact of inflation, the company reported this Friday.
In addition, the Galician group achieved a gross operating result (Ebitda) of EUR 30.7 million, almost 10% less than a year ago. increased its investment by 28% The company did not disclose the amount of investment, saying it was the “highest in Bimba y Lola history” compared to the previous fiscal year.
Also Bimba and Lola increased its sales by 4.3% Until it reaches 225 million euros in fiscal 2022, as reported by the firm, which will land in the United States with its first stores this year. In particular, this increase “excellent development” of international salesThe company grew by 22% both by entering seven new countries in Asia, America and Europe, as well as by the annual growth achieved by the brand in almost all markets. Therefore, more than 44% of the group’s business is already produced outside of Spain.
At the end of last year, the group had 286 outlets and a presence in 48 countries, including its ‘online’ channel, and a team of 1,809 people in 2022, 6% stronger than the previous year.
Bimba y Lola CEO José Manuel Martínez explained that 2022 is probably the year that the biggest progress has been made in the company’s strategic plan. Likewise, Martinez inflation pressure on consumption and costsThe company continued its commitment to building the Bimba y Lola brand “and the best possible company in the long run”.