Financial Highlights

The Red Line, which is the Group's core business through the marketing of accessories for smartphones and tablets and audio products of the Group's proprietary brands, increased year-on-year by 5.2% (Euro 135.2 million in 2024 compared to Euro 128.5 million in 2023). In 2024, sales of the Red line accounted for approximately 82.3% of total revenues, a slight increase over the previous year. Growth was driven by extending our business operations with selected top partners and engaging new high-potential customers

With regard to the analysis of sales by geographic area, it should be noted that - thanks to the growth in sales recorded internationally - the share of sales in foreign markets accounted for about 53.0% of the Group's total sales, with an increase of about 6.4% and an increase in the incidence on total revenues of about 1.4% compared with the previous year. Noteworthy are the excellent results from France, with an increase of revenues equal to Euro 1.7 million (+25.0%), alongside the growth within the Iberian Peninsula, where revenues increased by Euro 1.1 million (+7.5%) compared to the previous year. Similarly, the Benelux region saw its revenues swell by Euro 1.3 million, a robust 16.1% rise compared to 2023. A slight downturn in the revenues of Germany (decrease of Euro 0.2 million, equal to -2.0%) and Switzerland (decrease of Euro 0.6 million, equal to -7.5%) was observed, chiefly attributed to negative market dynamics