(Finance) – TrenDevicea company listed on Euronext Growth Milan and active in the reconditioning sector of high-end hi-tech products, recorded revenues equal to 4.47 million euros in second quarter of 2022up 52% compared to the same period of 2021. Revenues of first half of 2022 amounted to € 9.60 million, an increase of 91% compared to the first half of 2021.
The growth drivers were mainly: the improvement of website conversion ratethanks to an improvement in the User Experience and the possibility of payment by installments; additional revenues linked to physical stores whereas in the second quarter of 2021 the restrictive measures were still being served; the flow of additional revenues deriving from sales on foreign marketplaces.
“The second quarter of 2022 closed with an important growth of 52%, in line with management expectationsdespite the international crisis and the specter of recession for our country: this shows how the refurbished sector is anti-cyclical and is able to maintain sustained growth rates even in phases of GDP contraction “, commented the CEO Alessandro Palmisano.
“In addition to the constant focus on investments in digital channels, aimed at acquiring new market shares and increasing the repurchase rate from existing customers, the management for 2022 is focused on the development of high-margin servicessuch as the rental which has been enjoying great success among customers since the end of 2021, and the expansion of the retail store network “, he added.