NanoXplore Reports Results for its Q3-2025
All amounts in this press release are in Canadian dollars, unless otherwise stated.
Key Financial Highlights Q3-2025
Total revenues of $30,446,165 compared to $33,867,747 last year, representing a 10% decrease;
Adjusted gross margin(1) on revenues from customers of 22.4% compared to 20.9% last year;
Loss of $1,747,714 compared to $3,089,430 last year;
Adjusted EBITDA(2) of $1,420,555 compared to $571,968 last year;
Adjusted EBITDA(2) of $1,318,149 compared to $1,259,990 last year for the Advanced Materials, Plastics and Composite Products segment;
Adjusted EBITDA(2) of $102,406 compared to an adjusted EBITDA loss of $688,022 last year for the Battery Cells and Materials segment;
Total liquidity of $30,704,859 as at March 31, 2025, including cash and cash equivalents of $20,704,859;
Total long-term debt of $4,940,740 as at March 31, 2025, down by $1,405,763 compared to June 30, 2024.
Overview
Pedro Azevedo, Chief Financial Officer, stated: 'Despite slower sales than anticipated in Q3, I'm pleased with the improvements in our adjusted EBITDA and in the underlying business development. We've been working closely with new customers on graphene powder sales and expect commercialization very soon. In addition, startup of new programs that were delayed by our customers will soon start production as well as new awards at our new Statesville, North Carolina facility. While Q4 activity remains low for our biggest customers, we see stronger activity in the beginning of the new fiscal year.'
Soroush Nazarpour, President & Chief Executive Officer, stated: 'Our third quarter results demonstrate our ability to adapt to a rapidly evolving macroeconomic environment. While sales volumes were lower than anticipated, we are actively working on improving our operational efficiency. We remain focused on creating long-term value for all stakeholders and are encouraged by the progress made with our partners in two key growth areas for our graphene products: oil and gas drilling fluids, and insulation foam. These segments represent significant growth drivers for NanoXplore. Our U.S. expansion is progressing well and is especially timely given the changing tariff landscape. Overall, I'm pleased with our performance this quarter, particularly given the ongoing economic uncertainty.'
* Non-IFRS Measures
The Corporation prepares its financial statements under IFRS. However, the Corporation considers certain non-IFRS financial measures as useful additional information in measuring the financial performance and condition of the Corporation. These measures, which the Corporation believes are widely used by investors, securities analysts and other interested parties in evaluating the Corporation's performance, do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should they be construed as an alternative to financial measures determined in accordance with IFRS. Non-IFRS measures include "Adjusted EBITDA' and 'Adjusted gross margin'.
The following tables provide a reconciliation of IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA' and of IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin' for the three-month periods ended March 31, 2025 and 2024.
IFRS 'Loss' to Non-IFRS 'Adjusted EBITDA'
Q3-2025
Q3-2024
YTD 2025
YTD 2024
$
$
$
$
Loss
(1,747,714
)
(3,089,430
)
(7,361,648
)
(9,243,896
)
Current and deferred income tax expenses (recovery)
(638,838
)
89,655
235,931
(253,644
)
Net interest expenses (revenues)
138,462
(64,710
)
295,485
(112,655
)
Gain on disposal of property, plant and equipment
—
—
—
(18,260
)
Foreign exchange
433,114
121,556
665,116
175,374
Share-based compensation expenses
299,769
531,292
1,183,487
1,058,770
Non-operational items (1)
115,000
190,000
270,000
270,000
Depreciation and amortization
2,820,762
2,793,605
8,358,533
8,155,141
Adjusted EBITDA
1,420,555
571,968
3,646,904
30,830
- From Advanced Materials, Plastics and Composite Products
1,318,149
1,259,990
4,150,179
1,846,644
- From Battery Cells and Materials
102,406
(688,022
)
(503,275
)
(1,815,814
)
(1) Non-operational items consist of professional fees mainly due to debt renegotiation and to prospectuses related fees.
IFRS 'Gross margin' to Non-IFRS 'Adjusted Gross margin'
Q3-2025
Q3-2024
YTD 2025
YTD 2024
$
$
$
$
Revenues from customers
29,239,999
33,617,106
95,204,015
90,883,248
Cost of sales
22,677,052
26,595,763
74,732,162
72,674,574
Adjusted gross margin
6,562,947
7,021,343
20,471,853
18,208,674
Depreciation (production)
1,750,221
1,623,878
5,015,485
4,704,724
Gross margin
4,812,726
5,397,465
15,456,368
13,503,950
Reporting Segments results
NanoXplore reports its financials in two distinct segments: Advanced Materials, Plastics and Composite Products and Battery Cells and Materials.
Q3-2025
Q3-2024
Variation
YTD 2025
YTD 2024
Variation
$
$
$
%
$
$
$
%
From Advanced Materials, Plastics and Composite Products
Revenues
29,920,598
33,866,162
(3,945,564
)
(12
%)
96,665,557
91,839,059
4,826,498
5
%
Non-IFRS Measure *
Adjusted EBITDA
1,318,149
1,259,990
58,159
5
%
4,150,179
1,846,644
2,303,535
125
%
From Battery Cells and Materials
Revenues
525,567
1,585
523,982
33,059
%
566,908
27,743
539,165
1,943
%
Non-IFRS Measure*
Adjusted EBITDA
102,406
(688,022
)
790,428
115
%
(503,275
)
(1,815,814
)
1,312,539
72
%
A. Results of operations variance analysis - Three-month periods
Revenues
Q3-2025
Q3-2024
Variation
Q2-2025
Variation
$
$
$
%
$
$
%
Revenues from customers
29,239,999
33,617,106
(4,377,107
)
(13
%)
32,636,947
(3,396,948
)
(10
%)
Other income
1,206,166
250,641
955,525
381
%
483,939
722,227
149
%
Total revenues
30,446,165
33,867,747
(3,421,582
)
(10
%)
33,120,886
(2,674,721
)
(8
%)
All revenues are coming from the Advanced Materials, Plastics and Composite Products segment, except for $525,567 of other revenues [Q3-2024 – $1,585] from the Battery Cells and Materials segment.
Revenues from customers decreased from $33,617,106 in Q3-2024 to $29,239,999 in Q3-2025. This decrease is mainly due to lower tooling revenues and lower volume offset by a positive FX impact.
Other income increased from $250,641 in Q3-2024 to $1,206,166 in Q3-2025. The variation is due to grants and refundable tax credits received for Research & Development ('R&D') programs.
Adjusted EBITDA
1) From Advanced Materials, Plastics and Composite Products
The adjusted EBITDA increased from $1,259,990 in Q3-2024 to $1,318,149 in Q3-2025. The variation is explained as follows:
Higher Other income of $431,543;
Lower Selling, general & administration expenses and R&D expenses ('Operational expenses') of $176,778 mainly due to lower professional fees;
Partially offset by a decrease in Adjusted Gross margin on revenues from customers of $475,167 due to lower revenues from customers as described above.
2) From Battery Cells and Materials
The adjusted EBITDA improved from a loss of $688,022 in Q3-2024 to an adjusted EBITDA of $102,406 in Q3-2025. The variation is explained by an increase of Other income of $523,982 and a decrease in Operational expenses of $249,680
B. Results of operations variance analysis – nine-month periods
Revenues
YTD 2025
YTD 2024
Variation
$
$
$
%
Revenues from customers
95,204,015
90,883,248
4,320,767
5
%
Other income
2,028,450
983,554
1,044,896
106
%
Total revenues
97,232,465
91,866,802
5,365,663
6
%
All revenues are coming from the Advanced Materials, Plastics and Composite products segment, except for $566,908 of other income [YTD 2024 – $27,743] from the Battery Cells and Materials segment.
Revenues from customers increased from $90,883,248 in the last year period to $95,204,015 in the current period. This increase is mainly due to a higher tooling revenues and a positive FX impact.
Other income increased from $983,554 in the last year period to $2,028,450 in the current period. The variation is due to grants received for R&D programs.
Adjusted EBITDA
1) From Advanced Materials, Plastics and Composite Products
The adjusted EBITDA increased from $1,846,644 in the last year period to $4,150,179 in the current period. The variation is explained as follows:
Gross margin on revenues from customers increased by $2,246,408 compared to the last period due to higher sales as described above, improved productivity and cost control;
Higher Other income of $505,731; and
Partially offset by higher Operational expenses of $448,609 mainly due to higher wages, including higher accrued variable compensation.
2) From Battery Cells and Materials
The adjusted EBITDA loss improved from a loss of $1,815,814 in the last year period to a loss of $503,275 in the current period. The variation is explained by an increase of Other income of $539,165 and a decrease in Operational expenses of $756,908.
C. Other
Additional information about the Corporation, including the Corporation's Management Discussion and Analysis for the three-month and nine-month periods ended March 31, 2025 and 2024 ('MD&A') and the Corporation's consolidated financial statements for the three-month and nine-month periods ended March 31, 2025 and 2024 (the 'financial statements') can be found at www.nanoxplore.ca.
Webcast
NanoXplore will hold a webcast tomorrow, May 14, 2025, at 10:00 am EST to review its three-month and nine-month periods ended March 31, 2025. Soroush Nazarpour, CEO and President of NanoXplore, and Pedro Azevedo, Chief Financial Officer, will host the event. To access the webcast please click on the link https://edge.media-server.com/mmc/p/ngnxomuc or you can access through our website in the Investors section under Events and Presentations. A replay of this event can be accessed via the above link or on our website.
About NanoXplore
NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. Also, the Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. The Corporation is also a silicon-graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities in Canada, the United States and Europe.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as 'anticipate', 'believe', 'continue', 'could', 'estimate', 'foresee', 'grow', 'expect', 'plan', 'intend', 'forecast', 'future', 'guidance', 'may', 'predict', 'project', 'should', 'strategy', 'target', 'will' or similar expressions suggesting future outcomes.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, including the relevant assumptions and risks factors set out in NanoXplore's most recent annual management discussion and analysis filed on SEDAR+ at www.sedarplus.ca, which may cause NanoXplore's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to update or revise any forward–looking statement as a result of new information, subsequent events or otherwise.
Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.
No securities regulatory authority has either approved or disapproved the contents of this press release.
For further information, please contact:
Pierre Yves TerrisseVice-President Corporate Development py.terrisse@nanoxplore.caTel: 1 438 476-1965
(1) Adjusted gross margin is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' section.(2) Adjusted EBITDA is a non-IFRS measure and a reconciliation can be found in the 'Overall Results' section.Sign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
24 minutes ago
- USA Today
Air Canada strike to halt most flights, stranding thousands
Air Canada is preparing to indefinitely suspend most of its flights over the next three days after hitting an impasse in contract negotiations with its flight attendants' union. The union issued a notice of intention to strike, and Air Canada said a "phased wind down of most of its operations" is the best way to minimize the pain for its customers. However, the airline is warning that many passengers could be stuck while the strike goes on. "Air Canada and Air Canada Rouge carry approximately 130,000 customers a day who could be affected by a disruption, this includes the 25,000 Canadians that the airline flies home from abroad each day, who could be stranded," the airline said in a statement. The primary disagreement between the airline and its flight attendants' union appears to be over wages. The Canadian Union of Public Employees, which represents Air Canada's flight attendants, said negotiators have not been satisfied with the airline's offers for wage increases and other forms of compensation, and it rejected a proposal by the airline to continue contract talks in arbitration. The airline said flights operated by Jazz and PAL, its regional affiliates, will continue as normal during the strike, but those carriers only represent about 20% of Air Canada's total network capacity. "The first flights will be cancelled August 14, with more on August 15, with a complete cessation of flying by Air Canada and Air Canada Rouge on August 16," the airline's statement said. It's unclear how long the strike could last. Air Canada said customers whose flights are canceled will be eligible for a full refund if they do not travel on alternative flights arranged by the airline with other carriers. "The company has made arrangements with other Canadian and foreign carriers to provide customers alternative travel options to the extent possible. Customers will be notified of alternative travel options that are identified for them," Air Canada's statement said. "However, given other carriers are already very full due to the summer travel peak, securing such capacity will take time and, in many cases, will not be immediately possible." What an Air Canada Strike will mean for US travelers Air Canada does not operate any domestic flights within the U.S. Still, it is a major carrier for international connecting itineraries, and a key link between the U.S. and Canada. U.S. travelers with plans to visit Canada in the coming days and weeks, or to connect through Canadian hubs to destinations in Europe, Asia and beyond, should keep a close eye out for notifications from the airline about their flights. Even passengers who aren't booked to fly on Air Canada could be indirectly affected as other airlines try to absorb the passengers displaced by the strike. United Airlines and Air Canada are close partners as members of Star Alliance, so it's likely that United's international and trans-border flights will be a little fuller during the strike.
Yahoo
an hour ago
- Yahoo
Saudi Arabia $1.85 Bn Consumer Wearables Market Trends, Regional Insights, Competition, Forecast & Opportunities, 2020-2024 & 2025-2030
The Saudi Arabia consumer wearables market is experiencing growth due to a rise in health consciousness and the popularity of online shopping. The demand for fitness trackers and smartwatches is increasing as they offer health monitoring features. Affordability remains a challenge, but integration with health and wellness presents key opportunities. Saudi Arabian Consumer Wearables Market Dublin, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Consumer Wearables Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Consumer Wearables Market was valued at USD 0.67 Billion in 2024 and is expected to reach USD 1.85 Billion by 2030, rising at a CAGR of 18.45%. The market's growth is driven by the introduction of devices with advanced features catering to diverse health and wellness needs, the rise of online shopping channels, and an increasing focus on health and fitness. As more individuals prioritize active lifestyles, the demand for wearables is growing. Fitness trackers, smart bands, and smartwatches that monitor activity levels, heart rate, sleep patterns, and other health metrics are gaining popularity. In 2023, Huawei launched the Huawei Band 8 in Saudi Arabia, featuring a 1.47-inch AMOLED display, sleep tracking, heart rate monitoring, SpO2 tracking, and over 100 workout modes. It is compatible with both Android and iOS devices, supports fast charging, and offers extended battery life. Key Market Drivers Rising Health Consciousness and Fitness Trends One major driver is the rising health consciousness among the population. Recently, there has been a focus on maintaining a healthy lifestyle, particularly after the COVID-19 pandemic, highlighting the importance of wellness and preventive healthcare. Consumers are more aware of how physical activity, nutrition, and mental well-being impact health, and wearable technology offers a convenient way to monitor and improve their lifestyle. Fitness trackers, smartwatches, and health-focused wearables are gaining traction as tools for tracking steps, heart rate, sleep patterns, and physical activity. Saudi consumers, particularly the younger and tech-savvy population, are embracing wearable devices to monitor fitness and health. With more individuals adopting regular exercise routines and health-related goals, the demand for devices that help track progress and provide actionable insights is growing. According to the 2023 'Internet Saudi Arabia' report by the Communications, Space, and Technology Commission, both men and women in the country exhibit high internet usage rates, at 99.3% and 98.5% respectively. Mobile phones are the most popular internet access method, accounting for 98.9%, followed by computers at 55% and tablets at 39%. Key Market Challenges High Cost and Affordability Concerns One significant challenge is the relatively high cost of many wearable devices, particularly premium models like high-end smartwatches and fitness trackers. While the market is expanding due to rising disposable incomes and interest in health and wellness, the price of wearable devices can still be a barrier for a significant portion of the population. Premium wearables from brands like Apple, Garmin, or Samsung often come with advanced features, superior design, and high-quality materials, making them prohibitively expensive for many potential buyers, especially individuals in lower income brackets or those unwilling to invest a significant portion of their income in a tech product. Although budget-friendly options are available, top-tier devices, which offer advanced health monitoring and seamless integration with other technologies, are typically out of reach for some consumers. Additionally, Saudi Arabia's young, tech-savvy population may be reluctant to spend substantial amounts on wearables if perceived as non-essential or luxury items. Key Market Trends Integration with Health and Wellness A major trend is the increasing focus on health and wellness integration. With rising health consciousness, more consumers seek wearables that offer advanced health monitoring features beyond simple fitness tracking. These include heart rate monitoring, ECG (electrocardiogram) capabilities, blood oxygen level tracking, and stress level management tools. The emphasis on health has become more pronounced due to a growing awareness of chronic diseases and preventive healthcare. As Saudi Arabia's younger, tech-savvy population becomes more health-conscious, the demand for wearables that help track overall health and wellness is surging. The Saudi government's initiatives to improve healthcare and encourage active living under Vision 2030 have also contributed to this trend. Many wearables now serve as essential tools for managing personal health, offering real-time insights into a person's physical state. As more users adopt wearables for health monitoring, the market is seeing specialized devices developed to target specific health conditions such as diabetes or hypertension. Report Scope: Key Market Players: United Matbouli Group LG Electronics Saudi Arabia Ltd Universal Electronic Appliances LLC Modern Electronics Co. Ltd Alesayi Electronics Co. Ltd Pioneer Corp. Apple Inc. Digital & Electronic Solutions Development Co. Ltd Huawei Device Co., Ltd. Garmin Ltd. Saudi Arabia Consumer Wearables Market, By Product Type: Smartwatches Fitness Trackers Smart Glasses Smart Clothing Hearables Others Saudi Arabia Consumer Wearables Market, By Connectivity: Bluetooth Wi-Fi Others Saudi Arabia Consumer Wearables Market, By Sales Channel: Online Offline Saudi Arabia Consumer Wearables Market, By Region: Western Northern & Central Eastern Southern Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $0.67 Billion Forecasted Market Value (USD) by 2030 $1.85 Billion Compound Annual Growth Rate 18.4% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Consumer Wearables Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
an hour ago
- Yahoo
Saudi Arabia Handbags Market Trends,, Competition, Forecast & Opportunities, 2030F
The Saudi Arabia handbags market is growing steadily, driven by increased local brand support, expansion of global luxury players, and interest in resale markets and premium craftsmanship. Rising disposable incomes and female workforce participation, alongside government initiatives promoting local designers, present significant opportunities. Challenges include market saturation and brand competition. Saudi Arabian Handbags Market Dublin, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Handbags Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Handbags Market was valued at USD 388.81 Million in 2024, and is expected to reach USD 585.18 Million by 2030, rising at a CAGR of 7.11% The market is experiencing steady growth, fueled by increasing support for local brands, the expansion of global luxury players, and a growing consumer interest in resale markets and premium craftsmanship. Additionally, government initiatives and fashion incubators are promoting innovation, enhancing retail visibility, and fostering long-term value creation within the sector. A recent report titled "Decoding the Beauty Consumer in the GCC (Gulf Cooperation Council)," published in July 2023 by the Dubai-based luxury goods retailer and distributor Chalhoub Group, reveals that Saudis are the highest spenders on beauty products in the Middle East. Key Market Drivers Rising Disposable Income and Female Workforce Participation One of the primary drivers of the Saudi Arabia handbags market is the steady rise in disposable income, particularly among women. Over the past decade, economic diversification and reforms under Vision 2030 have encouraged more Saudi women to join the workforce and engage in entrepreneurial ventures. This increase in female employment has led to higher household incomes and more personal spending power among women, who represent a major consumer base for handbags. As income levels grow, consumers tend to shift from basic to premium and luxury products. In Saudi Arabia, branded and designer handbags have become not only a fashion accessory but also a status symbol, particularly among urban and affluent women. With more financial autonomy, women are investing in high-quality, durable, and fashionable handbags that align with their lifestyle and social aspirations. Furthermore, the expansion of the retail sector and the availability of luxury brands in malls and online platforms have made premium handbags more accessible. According to a recent survey conducted among Saudi residents, consumers in Saudi Arabia demonstrate a strong enthusiasm for shopping, with 77% expressing interest and half (50%) describing themselves as 'very interested' shoppers. The data highlights a mix of both planned and spontaneous buying behaviors during the White Friday sales, as 78% of consumers prepare their purchases in advance, while nearly half (53%) also make impulsive buys during the event. Key Market Challenges Market Saturation and Intense Brand Competition One of the primary challenges in the Saudi Arabia handbags market is market saturation due to the influx of both international and local brands. The Kingdom's lucrative retail environment has attracted a wide array of handbag labels, ranging from luxury names like Louis Vuitton and Gucci to mid-range and fast fashion brands such as Michael Kors and Zara. While this variety benefits consumers, it creates a fiercely competitive landscape for brands. With so many options available, brand loyalty becomes difficult to maintain. Consumers are easily swayed by new trends, influencer marketing, and flash sales, leading to frequent switching between brands. This high competition forces companies to continually invest in aggressive marketing, celebrity endorsements, and in-store experiences, increasing their operational costs and reducing profit margins. In such a crowded market, smaller or emerging brands find it particularly difficult to gain visibility and establish a foothold. Even established players must differentiate themselves constantly through innovation, sustainability, exclusivity, or customer engagement. Key Market Trends Growing Popularity of Local Handbag Designers Saudi Arabia is witnessing a noticeable rise in demand for locally designed handbags. With increasing national pride and a cultural shift toward supporting homegrown businesses, consumers are showing strong interest in brands that reflect Saudi heritage, craftsmanship, and identity. These handbags often incorporate traditional patterns, Arabic calligraphy, or regionally sourced materials, giving them a unique appeal in a market once dominated by international luxury brands. This trend is also being fueled by young Saudi entrepreneurs who are launching innovative fashion labels with a focus on quality and design. Social media platforms have made it easier for these designers to reach a broad audience, gain followers, and build a loyal customer base without needing physical retail stores. With the Saudi government actively supporting local creative industries through events, grants, and incubators under Vision 2030, the growth of indigenous fashion labels is likely to continue. Consumers now want bags that not only serve a practical purpose but also tell a story or represent their culture. This shift toward cultural expression, individuality, and ethical buying is giving local brands more visibility and credibility, and encouraging further growth in the domestic fashion ecosystem. Report Scope Key Market Players Louis Vuitton Saudi Arabia Ltd Radwa Trading Company LLC Guccio Gucci S.p.A. Prada Saudi Arabia Ltd Hermes International S.A. Chalhoub Group Arabia Limited Company Fendi Italia S.r.l. Al Moallim United CJSC Kate Spade New York (Tapestry, Inc.) Christian Dior Couture SA Saudi Arabia Handbags Market, By Product Type: Satchel Bucket Bag Clutch Tote Bag Others Saudi Arabia Handbags Market, By Material Type: Leather Fabric Rubber Others Saudi Arabia Handbags Market, By Sales Channel: Online Convenience Stores Supermarkets/Hypermarkets Others Saudi Arabia Handbags Market, By Region: Western Northern & Central Eastern Southern Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $388.81 Million Forecasted Market Value (USD) by 2030 $585.18 Million Compound Annual Growth Rate 7.1% Regions Covered Saudi Arabia For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Handbags Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
