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Alcantara, from automotive to fashion to overcome the impact of the covid

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From automotive to art through fashion. Diversification is increasingly part of Alcantara, a company with headquarters in Milan and a production plant in Nera Montoro (in the province of Terni: inaugurated in 2019 with an investment of 300 million). Precisely this “contamination” strategy between different sectors has allowed the company to face the economic emergency caused by the Covid-19 pandemic with the right “antibodies” to avoid being overwhelmed.

“Even if the pandemic resulted in a drop in orders, our diversification made us immediately recover the lost ground and in the second half of 2020 there was a strong recovery – comments Andrea Boragno, president and CEO of Alcantara – What reassures us for the post-Covid-19 is having created around our brand a quality in support of companies aimed at enhancing their products. We are pleased to note that not only us, but also other Made in Italy producers, are ready to relaunch our country ».

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Alcantara was born in 1972 and produces and markets the homonymous material with a registered trademark all over the world, the result of proprietary technology. The first outlet was that of car upholstery, but over the years the outlet markets have expanded and today include boating, design, watchmaking, hi-tech, fashion. Collaborations also include those with various museums including the Maxxi in Rome, Palazzo Reale in Milan and the Yuz Museum in Shanghai.

In Nera Montoro, in the heart of Umbria, are located the production plant and the Research and Development Center from where the latest evolutions of the material have come out, which have made it possible to expand its use. The latest available data provided by the company refer to the pre-covid balance sheet for 2019, when Alcantara closed the fiscal year with a turnover of 203.6 million euros and an Ebitda of 67.4 million (equal to 33.6 %).

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Alcantara recently obtained the Industria Felix Award: in an audience of 142,242 joint stock companies with registered office in Lombardy, only those that in their respective categories have achieved among the best mol, profit, roe have been selected, starting from a binding algorithm. positive, financial expense / mol ratio of less than 50%, employee delta equal to or increasing compared to the previous year and a Cerved Group Score Impact of solvency or financial security, which is a summary assessment of the creditworthiness of Italian companies carried out by Cerved, obtained through a suite of statistical models that make it possible to estimate a probability of default for each company.

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