OneMore

High-quality skiwear made with innovative and eco-friendly materials: vegan leather derived from apple wastes (AppleSkin) and recycled nylon (Econyl)

Society: ONEMORE S.R.L.
OneMore 15 days remaining Invest

Target

€ 350.000

Raised

€ 199.000

Equity

20,0%

Valuation

€ 1.400.000

Premoney

15 days remaining
57%

Project type

Equity

Min. investment

€ 1.000

Company type

PMI

Quota type

A (€ 20.000), B
Innovation & Sustainability - The fabrics are derived from apple waste and recycled nylon
Italian Design - Premium clothes with a polished design, characterised by the high quality standard of the made in italy
Membership Market - The premium sporstwear market is forecasted to growth by a 10% CAGR
Skillset & Background - Management with a solid know-how of the industry

Description

OneMore is the eco sustainable skiwear brand born in 2018 in South Tyrol, in the Dolomites, among the mountain heights, nature and passion for outdoor sports, especially winter ones.

These origins, combined with over 20 years of experience in fashion and skiwear, have shaped OneMore, which aims to be a brand with an ultra-contemporary design, where product innovation, technical rigor and perfect fitting are combined with a strong vocation for sustainability that results in the renunciation of the use of furs and feathers, as well as the search of recycled or recyclable materials. These include AppleSkin, an eco-friendly leather obtained from apple processing industrial wastes of apples, mainly coming from South Tyrol, and ECONYL®, a regenerated nylon thread made entirely from ocean and landfill wastes. All paddings are made of 100% recycled PET bottles.

Why invest

Market potential: One More has a high growth potential in the sector in which it operates, due to the fact that the sustainability and design elements, together with the technical focus and the Made in Italy/Europe production of OneMore products, are not currently strong on the market. In addition, there are also potential markets in which the sector can develop in an interesting manner, for example in China with the 2022 Winter Olympics.

Expanding company: The investment outlooks are to be able to reach, within a period of 5-7 years, a strong development and presence of OneMore products on the market; the company doubled the revenues from the first to the second year of business, passing from € 300k in 2018 to approximately € 600 k in 2019; a fivefold increase in turnover is expected in 2024 compared to 2019 with a 50% CAGR; from the point of view of marginality, a more than proportional increase is expected as a percentage of turnover (at all levels: Ebitda, Ebit and Net Profit) thanks to the exploitation of the economies of scale. This was and will be made possible by the high positioning of the brand and the right combination of technical clothing with high fashion content, placed in a premium price niche.

Return for investors:

Strong of the abovementioned numbers, we expect an equity value of € 4,4 MM in five years; substantially doubling the value compared to the post-money value of € 2,2 MM at which the shares are offered for subscription. No dividend distribution is envisaged during the course of the plan; profits made during the period will contribute to forming the equity value indicated above. For what concerns exit strategies, at the end of the plan, one of the following three options should be possible:

  • Transfer of the shares to a larger competitor
  • Transfer of the shares to a private equity operator; moreover, “aggregators” of initiatives such as that of OneMore are operating on the market
  • Stock exchange listing of the company

Results achieved

In just a few years, the company has already achieved important results:

  • A complete man and woman (and junior for ski-clubs) collection has been developed and a presence in trendy stores of the most internationally renowned ski resorts has been established (Courchevel, Meribel, Val d’Isere, Corvara in Badia, Ortisei, Livigno, Bormio, Schladming and Kitzbühel), and in newly expanding winter sports markets (Chongli China, Tokyo, Japan);
  • In 2020, 27 sports stores in 13 countries of the world were supplied;
  • In the “teams” area, 9 ski schools, 11 ski clubs and 1 World Cup athlete were supplied;
  • The brand was registered at an international level and, regardless of the recent start-up of the activities, an important positioning has already been achieved.

Covid-19 Impact

The company is active on both the domestic and the international markets and the specific dynamics vary from one country to the other. In 2020 the pandemic slowed down growth, however OneMore managed to achieve financial results similar to those of 2019, with an increase in december, a factor that signals the strength of the product. Revenues for 2021 are still predicted to growth as shops that did not increase the quantities order for 2020 are likely to do so this coming year.

Moreover, the company will benefit in the future from the forecasted complete opening of sport shops at an international level for the skiing season of 2022. Finally, OneMore boasts a strong increase in online activities, which already gather attention from the market during the pandemic and another on the strengthening of the out-door clothing line, with the aim to launch its brand beyond endeavours strictly linked to winter sports.

Use of proceeds

The raised capitals will be used to develop the company’s digital growth and to strengthen brand awareness in international markets, also by expanding the collection that, without denying its technical element, will embrace wider areas of leisure time tipping a wink to street style.

In addition, the important increase of the forecast turnover requires a greater need of current assets, with increasing seasonal peaks.

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The information on the offer is not subject to approval by Consob. The bidder is solely responsible for the completeness and truthfulness of the data and information provided by the same. The investor\'s attention is also drawn to the fact that the investment, including through OICR or companies that mainly invest in financial instruments issued by small and medium-sized companies, is illiquid and characterized by a very high risk.

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