Hoftex Group AG operates within the Throwing and winding mills sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Hoftex Group AG with three other
fabric manufacturers in Europe:
sales of 22.17 billion Icelandic Kronas [US$159.38 million]
Menderes Tekstil Sanayi Ve Ticaret AS
(1.46 billion Turkish Liras [US$185.28 million]
of which 77%
was Textile Sector), and
(207.00 million Euros [US$243.53 million]
of which 69%
was Premium Brands).
During the year ended December of 2019, sales at
Hoftex Group AG were 171.05 million Euro (US$201.24 million).
decrease of 1.8%
versus 2018, when the company's sales were 174.10 million Euro.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Hoftex Group AG had sales
of 185.10 million Euro.
Contributing to the drop in overall sales was the 12.2% decline
in Neutex, from 15.24 million Euro to 13.38 million Euro.
There were also decreases in sales in
Hoftex (down 9.9% to 20.47 million Euro)
However, these declines were partially offset by the increase in sales of
Tenowo (up 0.8% to 134.92 million Euro)
Other (up 1.0% to 2.28 million Euro)