(Finance) – Riba Mundo Tecnologíaa tech company specialized in Big Bata active in the B2B segment of consumer electronics and listed on Euronext Growth Milan, closed on 2023 with Consolidated Revenues equal to 434 million euros, highlighting a growth of 32% compared to 2022, with a significant performance for product categories other than those representing the core business, in line with the diversification strategies adopted by management. The Orders amounted to 55,228, up by 25,023 (+83% YoY) compared to the 30,205 orders in financial year 2022. The Units sold are equal to 4,227,374, up by 2,085,635 units (+97% YoY) compared to 2,141,739 units sold in FY2022.
L’EBITDA grows by 23% to 9.2 million euros in 2023, compared to 7.5 million euros in the 2022 financial year.Net income is equal to 0.7 million euros, a decrease compared to 5 million euros in 2022. Non-recurring costs related to the IPO of around 1.2 million are affected by the write-down of the investment in PB Online (now ePRICE IT) for 0.8 million, financial charges for approximately 5 million.
“We are very satisfied with the results obtained in 2023 – said theCEO Marco Dezi – 2023 was a year full of events, in particular with the IPO on the Euronext Growth market in Milan, a choice also adopted to support the dimensional growth of the company and investments in research and development. We are satisfied but aware that we still have a lot to do and are therefore focused on implementing the strategic growth plan with the aim of generating shared value for all stakeholders.”
L’Net Financial Debt is equal to 36 million euros: the company reports that, in implementation of the management strategy launched in 2023 and based on the advance payment of some suppliers to increase margins, advances were paid in December 2023 for approximately 9.7 million (compared to only 0.6 million in December 2022) which however was followed by an extraordinary delay in the goods delivered in January 2024: this led to a rotation of the goods which took place in January 2024 with a consequent positive impact of approximately 9.7 million on net financial debt (as well as higher revenues and margins) in January 2024 rather than December 2023.