Nueva Expresión Textil (NXT) H2 2024 earnings summary

Executive summary

• Achieved a turnaround in 2024, with net profit of €3.0M versus a €9.0M loss in 2023, and EBITDA of €5.1M versus -€5.1M in 2023, despite a revenue drop to €24.0M from €38.9M.

• Results exceeded the 2024-2026 Strategic Plan forecasts, driven by restructuring, cost optimization, and divestment of loss-making units.

• Operational cash flow reached €5.1M, enabling significant debt reduction and improved financial stability.

Financial highlights

• Revenue fell to €24.0M (from €38.9M in 2023), but gross margin improved to 53% (from 36%).

• EBITDA margin rose to 21% (from -13%), and EBIT improved to €3.2M (from -€6.8M).

• Net financial debt reduced from €57.9M to €29.0M.

• Net profit includes a non-recurring €2.5M gain from debt-to-equity agreements.

Outlook and guidance

• 2025 guidance targets €60M in revenue and €10M in EBITDA, with net debt not exceeding 3x EBITDA.

• Ongoing focus on organic growth, operational efficiency, and further debt reduction.