Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent as compared to the previous year. The Spanish neckware and headware company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. In the U.S., for example, authorities recommended neck tubes as an alternative when masks were in short supply, which boosted Buff’s sales. According to David Camps, CEO of Buff, the company had already invested €1 million in new machinery last year. It is in the process of expanding the factory with an additional investment of €2 million. The goal is to internalize the production of caps and hats, which is currently in the hands of Asian factories. Sales for the upcoming fiscal year are expected to be lower because last year was “exceptional” due to the pandemic, Camps said. The company expects sales of around €70 million, which would stil be well above the €52 million level of fiscal 2019/20.

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