Page 13 - Hoftex Annual Report 2018 EN

Contrary to expectations, the business climate in the textile and fashion industry worsened. Total sales in the German textile and apparel sector (for companies with 50 employees or more) were EUR 17.4 billion in 2018. The market report published by the “textile + mode” trade association thus revi- sed revenues down by -1.9 % (prior year: +1.8 %): Restrained consumer spending and unfavourable price trends in sales and procurement were the chief drivers behind these negative figures.
Fig. 3: Sales, employment and export trends in the textile and apparel sector in 2018
0.0% -1.2% -0.9% -2.1% 0 -5.0% -2.9% -5.4% -50
Compared to 2017 in EUR
-15.0% -150
Source: Industry association “textile+ mode”, February 2019 market report Fig. 4: 2018 sales trends – textile segments
-10.0% -100
After achieving a growth rate of +2.5 % in the previous year, the apparel segment showed weak per- formance in 2018 with a -4.4 % decline in sales. The main reason behind this negative development was the slump in sales in other outerwear (-5.4 %), which makes up a major share of the apparel-
-11.8%
Letter to Shareholders Supervisory Board Report Group Management Report Consolidated Financial Statements Annexes
The textile segment was unable to maintain the performance of the previous year, falling below expectations with a slight dip in sales of -0.4 % (prior year: +1.3 %). After the nonwovens segment had slightly recovered in 2017 with a growth rate of 2.4 %, sales dropped by -5.4 % in the year under review. The technical textiles segment also saw a drop in sales (-2.1 %). One reason for the downward trend in both segments could be the extreme dependency on the automotive sector in some cases. Carmakers faced their own major setbacks due to emissions issues. Upward trends were observed in the spinning (+8.5 %) and ready-made (+5.0 %) segments in particular. The association of German Home Textile Manufacturers reported a -4.1 % decline in decorative fabrics segment, as the drop in sales continued in the year under review.
2.2. Sector-specific conditions
Sales Employment Export
-1.9 %
15.0% 150
-0.5 %
+5.3 %
10.0% 8.5% 4.6% 5.0% 9.7% 100 5.0% 50
Spinning Weaving Finishing Warp/weft Ready-mades Carpets
Cordage Nonwovens Technical textiles Others
Mio. EUR
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