(Tiper Stock Exchange) – TrenDevicea company listed on Euronext Growth Milan and active in the reconditioning of high-end hi-tech products, registered revenues amounting to 4.2 million euros in first quarter of 2023down by 19% compared to the first quarter of 2022. The decrease is due to the abandonment of the sales channel relating to foreign marketplaces, characterized by a margin that is too low compared to management’s expectations.
Revenues net of the perimeter relating to foreign marketplaces are up by 16%, thanks to an increase in the conversion rate of the website, the optimization of investments in marketing and the opening of the new retail stores in Rome and Bologna.
L’EBITDA it settled at 369 thousand euros, a significant increase compared to the 16 thousand euros of the same period of 2022.
“We are very satisfied with the results for the first quarter of 2023 – commented theTO Alessandro Palmisano – The change of direction on the commercial channels launched in 2022, together with a cost cutting operation, is starting to bring the expected results on the company’s margins: EBITDA results which are already evident in Q1 2023 and which are particularly positive also in net of operating grants obtained”.