(Telestock) – Unieuro closed the first quarter, seasonally unrepresentative for the consumer electronics sector, with results in line with expectations and improving operating profitability for the fourth consecutive quarter.
THE revenues they are attested to 533.9 million euros (-7% compared to the corresponding period of 2023), with the newly acquired Covercare, active in the sector of guarantees and after-sales services, which contributed to the development of services (+6.1%). Private label revenues also performed very well (+10.3%).
Adjusted EBIT is negative for 4.1 million of euros, albeit an improvement of over 50% compared to the comparable quarter and in line with expectations.
Net cash is equal to 0.4 million euros, down by 44.1 million compared to 29 February 2024 (a reduction of 44.7 million in the first quarter of the previous financial year), in relation to the seasonal effect which typically determines an absorption of capital in the first quarter.
part of the exercise.
Guidance confirmed for the current financial year and in particular the estimate of aligned revenues to those of the previous exercise it’s a EBIT Adjusted in a range of 35-40 million of euros, thanks to the continuous careful policy of margin management and strict control
of operating costs. The Net Cash as of February 28, 2025 it is substantially expected aligned to that of the closing of the previous financial year.