Unieuro closes its third quarter of 2023 demonstrating that it is able to recover profitability even in the face of an uninspiring sales trend. The adjusted Ebit for the autumn was 11 million with an annual growth of 31.5% showing, as a company note, “a significant acceleration compared to previous quarters, thanks to the careful margin management policy and the significant cost rationalization plan aimed at preserving profitability”.

Sales in the third quarter were in fact down 11% compared to the same period of the previous year. The week of Black Friday and the weeks preceding it were down, resulting in a November, they did not “restore the current year trend of the consumer technology market”.

In the first 9 months, revenues and profits slightly decreased
In the first nine months of the 2023/2024 financial year, Unieuro achieved revenues of 1.9 billion euros, with a decrease of 6% compared to the previous financial year (2 billion). In the third quarter of 2023/24 revenues were 727 million, down 7.8% compared to 788.5 million in the previous year

Unieuro S.p.A. is the largest Italian retailer of consumer electronics and household appliances by number of outlets, with a network of 460 stores throughout Italy