Financial Highlights

The "Red Line", which represents the Group's core business through the marketing of accessories for smartphones and tablets and the audio products of the Group's proprietary brands, recorded a marked increase over the previous year of about 16.3% (EUR 128.5 million in 2023 compared to EUR 110.5 million in 2022). In 2023, sales of the Red line accounted for approximately 81% of total revenues, in line with the previous year. Growth was driven by increased demand in international markets (+24.2% compared with the previous year) due to the contribution of both Cellularline and Worldconnect products, as well as the positive effect of new acquisitions and the new sales agreements signed in Germany and in Spain;

In 2023 the analysis of sales by geographic area shows significant growth in revenues in the main markets in which the Group operates, especially in Germany, one of the most significant markets, where revenues more than doubled compared to 2022 (+118.2%), net of the effect of Peter Jäckel GmbH being consolidated from 2023. Performance in the Iberian Peninsula (Spain and Portugal), up 19.0%, in Switzerland (+35.0%), as well as in the Middle East region, up 19.1% over 2022, is also noteworthy. The numbers reflect the Group's internationalisation drive, also thanks to the trade agreements signed during the year. The share of sales in foreign markets accounts for 51.6% of the Group's total sales (47.7% in 2022). In Italy, where the Group's absolute leadership is confirmed, revenue growth is +6.9%, thanks to the consolidation of strategic partnerships with major players.