MILAN, Mar 20 (Class Editori) -- The digital transformation factory closed 2018 with a 6.6% surge compared to the same period of the previous year, with profits of 69.9 million euros. The consolidated net results amounted to 2.2 million euros (+64.3%). The EBITDA amounted to 9.9 million euros (+28.8%) compared to the previous year. The EBIT reached 3.2 million (+72%).
Giulio Corno, CEO of Triboo commented: "2018 was a year of significant growth in terms of revenues and profitability. Significant milestones have been achieved, including the transition to the online stock market. New opportunities lie ahead to further strengthen our positioning, building on a management team with a successful track record".
Our development strategy includes the expansion of our business model, with a further opening to consulting services and internationalization. The executive director Riccardo Maria Monti, with his proven experience, brings a significant contribution to Triboo's growth path.
Analysts at Banca IMI attribute the progressive development to the growing number of virtual stores and to the increase in vertical content and value-added services, "The number of managed stores has increased from 99 to 108. It should also be noted that the results for 2018 were positively influenced by the capital gain of around 2.6 million euro, accounted for at the top-line, generated by the transfer of the investment in Friendz ".
Furthermore, last week the company obtained the certification from Tencent holdings to operate directly on WeChat, the most popular social network in China with over 1 billion active users daily. Triboo thus became the first Italian player to operate on the three main Chinese digital platforms, having already obtained certifications from Alibaba and Baidu.
"China is an increasingly relevant market for Italian companies and for Triboo. This further certification is an important achievement that makes us the only player able to facilitate the online presence of Italian companies in Asian markets. We help closing the gap between Chinese brands and consumers, overcoming challenges and differences in communication, cultural approach and timing," commented the executive director of Triboo Riccardo Maria Monti.
(Source:Class Editori)
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
