(Finance) – I preliminary revenues of the fourth quarter Of TrenDeviceone of the main Italian players in the circular economy, amounted to 6.66 million, up 5%, compared to the 6.35 million recorded in the fourth quarter of 2022. Preliminary revenues of 2023 they attest to
19.46 million compared to 19.83 million in 2022, recording a decrease of 2%.
The increase recorded in the fourth quarter of 2023, compared to the same period of 2022, explains the company, is directly attributable
to the opening of new TrenDevice sales points in Italy. The slight decrease in revenues in 2023, compared to the same period in 2022, is attributable to the abandonment of the marketplace channel which has not yet been completely compensated, at an annual level, by revenues from e-commerce and retail stores. Considering only the e-commerce and retail store channels and without including the marketplace perimeter, revenues for the 2023 financial year recorded a growth of 8.60% compared to the 2022 financial year.
As regards EBITDA, in the last quarter of 2023 it recorded a strong increase (+74%), reaching Euro 0.96 million, compared to the Euro 0.55 million recorded in the fourth quarter of 2022. The growth of EBITDA is mainly due to two distinct factors: the higher margins deriving from direct sales on the trendevice.com website and from retail stores, adopted as exclusive channels following the abandonment of foreign marketplaces; and a cost cutting operation initiated by management in the fourth quarter of 2022.
The EBITDA relating to the 2023 financial year recorded an even more marked increase, reaching 1.91 million (+156%) against the 0.75 million of the 2022 financial year. This growth is due, in addition to the aforementioned interventions on margins and cost cutting activities, also to the extraordinary income relating to the operating contributions of the Campania Region’s “ReFive” project (announced on 24 August 2022 and to the deferrals linked to the tax credits relating both to previous financial years and to the current, for a total of Euro 1.06 million (up 37% compared to Euro 0.78 million for the whole of 2022).