(Finance) – Riba Mundo Tecnología a tech company specializing in Big Data in the B2B segment of consumer electronics, closed the first three months of 2024 with consolidated revenues equal to Euro 109.5 million, up 24% compared to Euro 88.2 million in the same period of financial year 2023.
The number of orders increased to 17,335 units in 1Q 2024 from 9,769 units in Q1 2023 (+77% YoY), while the number of units sold grew to 1,162,069 units in 1Q 2024 from 618,231 units in 1Q 2023 (+88% YoY).
Alessandro Dezi, COO of Riba Mundo Tecnología, commented: “2024 is off to a positive start for Ribamundo which continues to record double-digit growth, bucking the trend of the market slowdown. This this result was achieved thanks to the commercial policy of international expansion in online B2B and in medium/small shopswith the increase in the product categories handled, the optimization of the warehouse and logistics with the continuous development of the Marvin proprietary software which allows us to be present in the best possible way in all sales channels. We will continue to work on new projects and commercial agreements to continue on this positive trend for the rest of the 2024 financial year.”