Bimba y Lola, the renowned clothing firm, has delivered impressive financial results for the fiscal year 2021, showcasing its strong recovery and resilience in the face of adversity. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged to €34.1 million, marking a doubling compared to the previous year. This remarkable achievement translated into a net profit of €15.7 million, representing a significant increase of 413% compared to the prior year.

What makes these financial results even more remarkable is the fact that they indicate a complete recovery for Bimba y Lola’s business operating margins. The company has managed to regain profitability levels comparable to those before the Covid-19 pandemic, despite the challenges it faced, such as store closures and the cancellation of the brand’s launch in Russia. These exceptional write-offs and provisions did not deter Bimba y Lola from reestablishing its strong foothold in the fashion industry.

A key driver behind the company’s exceptional performance in 2021 was its strong rebound in store traffic and sales. Bimba y Lola experienced a remarkable increase of 54% in store sales compared to the previous year, demonstrating the strong demand for its products. Additionally, the brand’s digital channel continued to flourish, contributing to 22% of its total sales. This dual-channel approach has allowed Bimba y Lola to effectively cater to its customer base and capitalize on the growing trend of online shopping.

International expansion efforts have also played a pivotal role in Bimba y Lola’s financial success. Foreign sales now account for 38% of the company’s total revenues, highlighting its ability to penetrate and thrive in global markets. By the end of 2021, Bimba y Lola had established an impressive presence with 271 points of sale in 20 countries, while its digital channel expanded its reach to 43 countries. This global footprint has solidified Bimba y Lola’s position as a prominent player in the fashion industry.

Jose Manuel Martinez, the CEO of Bimba y Lola, expressed his delight in the company’s return to profitability. This achievement has allowed the company to reactivate its expansion and investment plans on a global scale, aiming to establish Bimba y Lola as a household name worldwide.

The outstanding financial performance of Bimba y Lola in 2021 is a testament to the company’s resilience and strategic efforts. With a strong focus on international growth and a robust digital presence, Bimba y Lola is well-positioned to continue its upward trajectory in the competitive fashion industry.

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