The world leading producer of interlining continues to outperform its sector, thanks to its global presence and distinctive product offer
Chargeurs PCC Records €101.2 Million Revenue in H1 2024
Paris, September 5, 2024 – Chargeurs PCC Fashion Technologies, the world’s leading manufacturer of interlinings and interior garments components, in the first half of 2024 recorded a revenue of € 101.2 million, which marks a growth of +9.4% on the previous year.
CEO Comments on Global Presence and Tailor-Made Service
Gianluca Tanzi CEO and Chairman of Chargeurs PCC Fashion Technologies commented: “Our global presence with 8 production sites and 39 subsidiaries, located in all continents allows us to be structured with an organization oriented towards local for local and nearshoring. In this way we can guarantee to our customers a tailor-made and excellent service, reducing the supply chain and diversifying our sourcing. This organization, together with our unique know-how and distinctive DNA, allow us to provide the top offer in the market for all the customers’ needs.”
Strong Growth in the US and Asia Markets
The business line made remarkable progress in the US market, winning major orders from leading American fashion brands. The marketing and sales momentum has also intensified throughout Asia, where Chargeurs PCC intends to significantly increase its visibility and listing, particularly with new emerging fashion brands. This proactive strategy is designed to boost the business line’s market share on a continent that is experiencing rapid economic growth. As a result, revenue in Asia rose sharply by +14% in H1 2024, and now accounts for 60% of the business line’s total revenue, compared with 53% in H1 2023. Chargeurs PCC’s recurring operating profit reached €7.9 million in the first half of 2024, marking a clear improvement of +11.3%. This reflects the positive effects of the Group’s sales strategy, as well as rigorous cost management. Operating margin improved by 0.7 points to 7.8% of revenue.
Acquisition of Cilander Strengthens Strategic Growth
On July 23, Chargeurs finalized the acquisition of the strategic assets of the Swiss company Cilander. These new assets will embody the Chargeurs group’s Swiss know-how within the Chargeurs PCC business line. They benefit from a reputation for excellence and quality, consolidating the Group’s image and standards. Chargeurs becomes the owner of a set of brands renowned for their high-quality fabrics for high-end shirts, as well as technologies for finishing technical textiles that complement those already mastered by Chargeurs. The Group will thus be able to strengthen its positions in fast-growing markets such as military equipment, the outdoor sector, particularly yachting, and mobility-related markets. This operation is fully in line with Chargeurs PCC’s growth strategy.
