Igor's 2025 revenue jumps 10% as global expansion accelerates
Spanish footwear company Igor has reported a strong financial year in 2025, with revenue rising by 10%. The family-run business, founded in 1974, continues to expand its operations both at home and overseas.
Plans are now underway for a new €2.5 million logistics centre, set to open by the end of the year.
Igor's growth comes from a mix of traditional and newer product lines. Barefoot footwear remains its core offering, accounting for 35% to 40% of sales. Meanwhile, newer products contribute between 20% and 25% of revenue.
Spain is the company's biggest market, making up 44% of total sales. The remaining 56% comes from international customers. Profitability has also improved, with EBITDA margins now exceeding 15%. The new logistics facility will add 2,600 square metres of space to support further expansion. Currently, Igor employs 242 people, with all manufacturing based in Almoradí, Spain. Looking ahead, the company is in discussions to enter the Indian market through a local distributor. A launch is expected in 2027, though regulatory hurdles could pose challenges. India's strict licensing procedures—similar to those in controlled sectors like defence—may slow down approvals and commercialisation.
The new logistics centre will boost Igor's capacity as it prepares for future growth. With a planned entry into India, the company faces both opportunities and regulatory complexities. For now, its financial performance and expanding product range keep the business on solid ground.
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