(Finance) – Gismondi 1754a Genoese company active in the production of very high range jewels and listed on Euronext Growth Milan, recorded sales revenues equal to 3,612.189 in First quarter of 2025falling by 17% compared to 4,373,372 euros of the first quarter 2024. The decline is mainly attributable to the decrease in sales in the Special Sales channel (-74%), linked to the cyclical nature of the requests for Tailor Made products by private customers High Spending.
One emerges Concentration of sales in Italy and Switzerland areasin the face of a contraction in the remaining areas, influenced by the persistence of the Russia-Ukraine conflict and by a wider international geopolitical instability. In the United States, “the protectionist policies introduced by the Trump Administration, in particular the duties, have already had a negative impact on sales in the first months of the year”, reads the note on revenues.
In terms of product, the strategy will be increasingly focused on the high rangewhere Gismondi is able to express its maximum potential, distinguishing itself from the competition and at the same time obtaining higher marginality. In recent months, moreover, management has been applying a series of measures aimed at significantly reducing costs and inefficiencies, as well as an optimization of the warehouse and circulating capital, with the aim of optimizing the use of resources and gradually recover marginality during the next quarters.
The production channel It is currently under the phase of reorganization And, for the current year, the production is expected to be intended exclusively for its own brand collections. The production channel will be a key point of Gismondi’s development activities in the next exercises, guaranteeing a marked improvement in terms of reducing costs at the production level and consequent increase in operating margins.
“The first quarter of 2025 presented significant challenges, but Gismondi 1754 continues to demonstrate its solidity and determination – commented the CEO Massimo Gismondi – Although the drop in sales has affected some areas and channels, we are confident in our ability to adapt to the new market dynamics. We continue to focus on channels that show solid stability, such as franchise, and on markets such as Italy and Switzerland, where we are well positioned. We are monitoring the evolutions of international markets, we are confident and ready to exploit the opportunities that will emerge in the coming months “.