AVM 1959, or Allison Volta Mantovana, closed 2017 with a clear improvement in profits. According to the management, its Ebitda doubled to 10 percent of turnover, and the forecasts for 2018 calls for further growth. Sales grew by 2 percent to around €20 million.
The company's return to profitability was one of the objectives pursued by the Paladin Capital fund when it took over the company in 2004 and passed on its management to Jacopo Romano. The company has been free of bank debts since 2012, which has enabled it to invest above all on the strengthening of its house brands, which generate 85 percent of the turnover.
The seven brands owned by AVM 1959 - Hally & Son, Hally & Son Pin Up, Mila ZB, RH +, Opposit, Opposit Teen and Trudi - are designed to cover various segments, from traditional to innovative, both for adults and children.
There is no particular interest in adding new licensed brand to the portfolio, after the launch at the last Mido show of the Tonino Lamboghini brand. The other licensed collections are Missoni/M Missoni, Vivienne Westwood, Anglomania, Replay and Mariano Di Vaio.
AVM's biggest markets are Italy and Spain, followed by the U.K. and France. It had distributors and direct retail clients in about 80 other countries around the world, including the Far East.