PRAMAOR TURNOVER TOPS 10 MILLION EURO (+30%)

Wednesday, February 14 2018 | 00 h 00 min | Financial News, News, Press Release

Pramaor, the Italian company specialising in the production of titanium eyewear with the Blackfin brand, has exceeded its goal of 10 million euro in turnover. The company’s 100% Italian products are all entirely manufactured at its factory in the Province of Belluno.

The 2017 turnover hit 10.1 million euro, up 30% on the previous year. Exports, representing 77% of total sales, grew by 32% achieving a figure of 7.8 million euro. The internal market also showed a positive trend in 2017, growing by 17.5% compared to the 2016 performance.

An expansion is necessary in order to cope with the growing demand for products with a global increase of 38% in orders in 2017. The new extension, to be built next to the premises inaugurated in July 2016, is part of an even larger plan for reorganising production which was launched last April with the appointment of Ivo Benvegnù as Chief Operations Officer.

Pramaor, with 80 employees and 28 direct agents, produces exclusively the titanium eyewear collections Blackfin, selling them, either directly or through distributors, in over 40 countries worldwide, with a particular focus on Europe and North America.

Click HERE for the full press release.