(Finance) – Gismondi 1754 reported a revenue total consolidated operational management equal to € 3,996,320 in fourth quarter of 2021, up by 28.51% compared to € 3,109,850 in the fourth quarter of 2020. The channel mainly contributed to the growth in sales. Wholesale Europe (+ 135%) e USE (+ 186%), highlights in a note the Genoese company active in the production of top-of-the-range jewelery and listed on Euronext Growth Milan. “Of particular importance – it is emphasized – the performance of the shop in St. Moritz (+ 1496%), which mitigates the difficulties of the shops in Portofino and Genoa, which are affected in this phase by the typical seasonal nature of the locations, as well as Milan, which also paid for the forced closures of the mall in which it is located “.
In the’whole year the revenues were equal to 9,745,606 euros, up 48% compared to the 6,578,030 euros in 2020. The growth in 2021 was driven by the European Wholesale channel (+1,957,203 euros compared to 2020) and by the US Wholesale (+1,002,769 euros compared to 2020). Wholesale Middle East is down, waiting for the new orders to restart at full capacity. As regards the special sales, 2021 closed with a growth of + 16%, with sales of 3,952,188 euros.
“Are in the face of extraordinary results, which certify the growth of the group and the brand regardless of the difficult economic period – commented the CEO Massimo Gismondi – We are reaching almost + 50% growth year on year and we see how all the sales channels have performed and contributed positively to the achievement of these figures, a sign of the excellent work done in all segments and of the recognition by customers of the quality and care we put into the creation of each of our jewels “.