Home / Knowledge / News / Textiles / Textile industry production dives by 18.8%
Textile industry production dives by 18.8%
Jul '10
During the first five months of 2010, Greek textile industry registered 18.8 percent fall in its production volume, after having recorded losses in small number in 2009, which was equal to 16.5 percent of its revenues.

As per data revealed by Hellenic Statistical Authority, production volumes in May dived by 21 percent and overall it plummeted by 54.5 percent as compared to May 2005. Last year, although the industry managed to lessen its losses, it was still one of the worst years for the Greek textiles industry.

As per reports compiled by ANA-MPA, on the basis of balance sheets of 65 biggest textile industries, having sales over 3 million Euros and net sales of 691.1 million Euros, depicted that, 53.8 percent of the overall firms in the sector, witnessed total profits of 15.6 million Euros, whereas, the remaining 30 recorded net loss of 129.8 million Euros.

However, as against 2008, net results improved by 13 percent. Revenues fell by 4 percent and net earnings dived by 21 percent. EBITDA was down by 26 percent and operating earnings (EBIT) plummeted by 3 percent, depicting lesser amortizations.

The 35 beneficiary firms recorded total sales of 379.2 million Euros, whereas sales by 30 loss making firms came to 311.9 million Euros. The overall sales dived by 4 percent.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search