Q1 revenue 533.9 mln eur, down 7% (Il Sole 24 Ore Radiocor) - Milan , 12 Jul - The Italian consumer electronics and household appliance retailer Unieuro said it posted an adjusted EBIT loss of 4.1 million euros in its first quarter ended May 31, an improvement of over 50% on the year earlier.

Adjusted EBITDA in the quarter instead rose to 22.7 million euros from 17.8 million.

Revenue decreased 7% to 533.9 million euros.

The gross margin widened to 22.6% from 20.4%. "Results delivered in the quarter show a gradual and constant improvement, a demonstration that the strategic decision to focus on the growth of services and the protection of margins, also through a tight control of costs, is the right one," said Giancarlo Nicosanti Monterastelli, the CEO.

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(RADIOCOR) 12-07-24 11:19:50 (0231) 5 NNNN