Turnover goes slightly down, profitability goes up. One more good year for Gruppo Mastrotto di Arzignano (Vicenza), as their consolidated revenues at the end of 2016 amounted to 451 million euros (462 millions in 2015); likewise over the last twelve months profitability has increased, as consolidated EBITDA has moved from 9,5 up to 10%. A good performance also resulting from a wise management of floating assets, especially on stores. The capital assets are more and more solid, as reported in a release. Meanwhile the tanning group based in Veneto, who is by all means the biggest in Europe, has been planning a number of investments in the markets worldwide. First of them is the opening business hub in Los Angeles, on the US West Coast, aiming to strengthen their business in the American market. Such contacts with an international clientele are about to be supported by the Leather Fashion Hub project, which has been already implemented in London, Milan, Donguang and Florence, where fashion designers and manufacturers of footwear and leather goods may easily get access to Mastrotto Express wide array of ready-made variously finished and coloured leathers, also in small quantity. Meanwhile the group is reinforcing its business in Hong Kong as they have set up a new exhibition area, where customers will get to know and buy all of the new creations, products and services. “Gruppo Mastrotto is one of the very few overseas companies that may deal with top industrial players acting as an international group, as our factories and logistics are located in 4 continents” – points out Chiara Mastrotto, group president, at Lineapelle93. “We have therefore become a real partner for fashion brands, who trust in a reliable provider, thus focusing their efforts on supply”. In the meantime 2017 looks goods well: the first term lines up with 2016 , though its trend is liable to be more positive thanks to some relevant orders.
