Tecnica Group, the Italian parent of Nordica, Blizzard, Tecnica, Lowa, Moon Boot, and Rollerblade, reported sales grew 4.7 percent in 2025, to €541.3 million ($628 mm). Profits were down due to cost pressures from factory wages and U.S. tariffs.
The figures were included in the financial statements of Italmobiliare SpA, which acquired a 40 percent stake in Tecnica Group in 2017.
The Alpine (Nordica, Blizzard, Tecnica) segment and the Lowa segment were the “main drivers of growth,” accounting for roughly three-quarters of the total increase. Positive performances were also seen for Moonboot and Rollerblade.
Gross operating profit totaled €60.4 million, impacted by non-recurring costs of €5.8 million, and down from €74.5 million a year ago. Excluding these items, recurring gross operating profit amounts to €66.2 million, down from €79 million excluding a non-recurring charge a year ago.
Italmobiliare said in its filing, “The industrial margin shows a slight improvement thanks to volume growth but has been penalized by the increase in personnel costs mainly due to wage increases in the factories in Eastern Europe and the effect of tariffs applied in the United States, only partially offset by price increases.”
Gross operating profit for the year was also affected by the increase in marketing and personnel costs incurred to support the company’s development project.
At December 31, 2025, Tecnica Group’s net borrowing amounted to €116.8 million. Excluding the impact of the €6.0 million dividend distribution, the capacity for cash generation is positive and stands at €t 31.1 million, double that of the previous year.
Image courtesy Tecnica Group / Rollerblade
