Carlton James Newsfeed
  • Loading stock data...

Italy’s Unieuro sees 4-6% annual rise in revenues under business plan to 2026

Jun 10, 2021

(Reuters) – Italy’s Unieuro said on Thursday it expects a 4-6% annual rise in revenues through 2026, as the consumer electronics retailer pursues its digital transformation.

Under its new strategic plan, Unieuro said it sees full-year revenues of 3.3 billion euros ($4.02 billion) in 2025/2026, while adjusted earnings before interests and taxes (EBIT) are forecast at between 85 and 95 million euros, up 45-62% compared to the pre-pandemic period.

Unieuro also said it expects 2021/2022 revenues to rise to 2.8-2.9 billion euros, alongside a “normalisation of operating profitability after last year’s non-recurring benefits,” with an adjusted EBIT of 65-75 million euros.

($1 = 0.8208 euros)

(Reporting by Federico Maccioni, editing by Maria Pia Quaglia)