More bitter pills for Eataly, losses of 28 million
2023 still sees Eataly record losses of 28 million as a net result, of which 22 million euros of non-recurring extraordinary charges. However, the group celebrates in national newspapers…
Eataly closed 2023 with revenues growing by 9% to 656 million, of which 60% in North America and a consolidated gross operating margin up by 61% to 41.1 million and an operating result that returned to profit for 13, 7 million, however affected by a loss of 28 million in terms of the net result, which was affected by approximately 22 million euros of non-recurring extraordinary charges.
WHAT EATALY SAYS
The figure – the group founded by Oscar Farinetti tries to reassure – is "in line with forecasts", despite the improvement compared to the previous year being, as can be seen by dusting off the 2022 results , equal to seven hundred thousand euros. The greatest improvement concerns the consolidated net financial position, with a deficit of 44 million against 94 at the end of 2022.
The summit flaunts security. “The growth in revenues and margins – declared the CEO Andrea Cipolloni (in the photo) in office since December 2022, following the entry of InvestIndustrial (Andrea Bonomi's private equity company) as the new controlling shareholder of the group – arrived ahead of our initial plans and represents a positive signal for Eataly and an acceleration of the development path undertaken".
THE COMMUNICATION STRATEGY
The group for its part celebrates the results by bombarding agencies and newspapers with press releases and interventions. In the same minutes in which Ansa published the note on the 2023 results (with the title " Eataly closed 2023 with revenues growing by 9% to 656 million, of which 60% in North America "), it simultaneously posted several quotes from the 'CEO (with the title “ Cipolloni (Eataly), 'forward with the openings and with the brand' “).
THE EMPHASIS PLACED ON NEW OPENINGS
Over the course of the year – we read in Ansa – new openings continued, with the addition of 5 points of sale, bringing the total to 50 in the world. This is the third store in New York (USA), the second in Toronto (Canada), both inaugurated in the last quarter of the year, to which the Serravalle Designer Outlet warehouse (Alessandria) was added in Italy. , the one at Milan Bergamo-Orio al Serio Airport (Bergamo) and the sales point at the Rome Termini railway station inaugurated at the end of November.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/eataly-perdite/ on Tue, 09 Apr 2024 10:17:03 +0000.