Jeanologia, a Valencia-based company specializing in eco-friendly technologies for textile finishing, has announced impressive financial results for the year 2021. The company reported a significant increase in revenue, with turnover reaching €62.5 million compared to €40.4 million in the previous year, marking a growth of 55%. Additionally, Jeanologia recorded a profit of nearly €16 million, a substantial increase from the €4.2 million profit in 2020.

These positive results bring Jeanologia closer to the levels achieved before the COVID-19 pandemic, although it is still below the turnover of €104.5 million achieved in 2019. The company faced challenges due to the health crisis, which had a major impact on production volumes and financial statements. However, the recent revenue growth indicates a strong recovery for the company.

The improved performance has allowed Jeanologia to repay the funding it sought in 2020 and restore the equity balance of its Italian subsidiary. The subsidiary experienced losses of €3.6 million due to the pandemic, but Jeanologia’s positive turnaround demonstrates its resilience in challenging times.

Throughout 2021, Jeanologia focused on strengthening its ‘Eco’ line, introducing new solutions to reduce water consumption in garment dyeing. The company also developed a new model for on-demand production and a tool for measuring sustainability in denim. These initiatives align with Jeanologia’s commitment to eco-friendly practices and its reputation as a leader in sustainable technological innovations.

Founded in 1993 by Enrique Silla, Jeanologia is headquartered in Paterna, Valencia, and employs 250 people across its 10 subsidiaries. The company’s export sales, which account for 90% of its turnover, highlight the global demand for its machines and services. Jeanologia’s technologies are utilized in approximately 35% of the 5 billion jeans manufactured worldwide each year. It collaborates with renowned brands such as Diesel, Hilfiger Denim, Pepe Jeans, G Star, Gap, Uniqlo, and H&M, and has attracted investment from the Carlyle fund, further illustrating its potential and significance in the fashion industry.

Jeanologia’s remarkable revenue growth and profitability in 2021 solidify its position as a key player in sustainable textile manufacturing. The company’s commitment to innovation and eco-friendly technologies not only benefits its bottom line, but also contributes to the fashion industry’s journey towards a more sustainable future.

Useful Links:
Jeanologia Official Website
EcoTextile News