MediaWorld: turnover of 2.7 billion euros in fiscal year 2022 (+2.4%)

Mediaworld announces that it achieved a turnover of 2.7 billion euros (+2.4% compared to the previous year), one of the highest in the thirty-year history of the company and the best of the last ten years . Ebit stood at 26.6 million euros, up by 3.2 million (+13.7%) compared to the 2019 fiscal year (last pre-pandemic). The brand’s 2022 financial year is part of a macroeconomic framework strongly conditioned by various economic factors that have had an impact on the business: from the intensity of the war in Ukraine to the increase in the inflation rate (+8.9% on annual basis in September 2022) following the increase in the cost of energy. Furthermore, the consumer electronics market also recorded a slight contraction (-1.9% in September 2022).

Among the key factors that affected the positive performance of sales, an official note reads, the implementation of a substantial investment plan aimed at upgrading the technological infrastructures and strengthening the stores, with new openings, contributed significantly and renovations of the shops already present in the area. In particular, in 2022 MediaWorld allocated 40.2 million euros to investments, 140% more than the previous year; of these 28.5 million euros were invested for the complete renovation of 22 points of sale, the opening of 3 new stores and the second Tech Village in Rome. Approximately €11.7 million has been earmarked for IT infrastructure improvements including the implementation of the new website launched in July 2022,

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