Unieuro closed the first quarter of the 2021/22 financial year, with solid economic-financial results and strong growth, not only compared to the corresponding period of last year (extraordinarily weak because impacted by the peak of the Covid emergency) but also in comparison with the first quarter of the 2019/20 financial year, the last one before the epidemic changed the market scenario.
Revenues, at € 581.8 million, set a new record in a seasonally weak quarter for sales of electronics and appliances. Growth, equal to 35.7%, was driven by the physical network (direct stores + 75.3%, affiliates + 33.4%).
Thanks to the high sales volumes, profitability also reached new record levels: in a structurally weak quarter due to the seasonal dynamics that characterize the sector in which Unieuro operates, Adjusted EBIT amounted to € 6.5 million (it was negative for 11.1 a year earlier) and an Adjusted Net Profit of 3 million (from -13.8), positive for the first time in its history.
Management thus confirmed the guidance for the current year, both in terms of economic results (expected turnover between 2.8 and 2.9 billion and Adjusted Ebit between 65 and 75 million), and on the financial front (Free Cash Flow Adjusted between 40 and 50 million).