bilancio

Damiani over 300 million and focuses on new boutiques

Published on April 10, 2023

La boutique Damiani nel department store Shinsegae Gangnam

Damiani exceeds the milestone of 300 million euros in revenues and wants to invest again in the boutique network. The largest Italian jewelery group has momentum exceeded 238 million in 2022, with an increase of 69%. The level reached, even if not specified (Damiani is no longer listed on the stock exchange and has no obligation to make the financial statements public) is also higher than the pre-covid period. The growth, explains the company in a press release, involved all the main geographical areas and sales channels, with particular reference to retail. Profitability also grew compared to the previous year thanks to the increase in revenues and activities of the directly managed boutiques compared to total sales, with the consequent increase in the average levels of margins.

Gioielli della collezione Belle Èpoque Reel di Damiani

Damiani also continued his investment plan in 2022. In June 2022, the group obtained from the Municipality of Milan the concession for the use of a shop in Piazza Duomo, which will be used for the construction of a new Salvini boutique. In the autumn, the company also obtained the assignment of an additional space within the Galleria Vittorio Emanuele II, also in Milan. The high-end jewelery and watch chain Rocca has also inaugurated a boutique in Naples. In October, the first Damiani-directed boutique in Taiwan was inaugurated at the Regent Galleria in Taipei, with other boutiques in Korea.

Gioielli della collezione Mimosa di Damiani

The year 2022-23 will soon end with particularly positive results, confirming the strong appreciation obtained by our products and our brands. Results obtained thanks to the effectiveness of our strategies and above all with the commitment of our excellent collaborators to whom we extend our heartfelt thanks. Despite a general situation still conditioned by elements of uncertainty, these results allow us to look to the future with optimism and to continue investing in the further development of distribution and in the strengthening of our manufacturing.
Guido Grassi Damiani, president of the Damiani group

Guido Damiani — Guido Damiani, presidente del gruppo

Pandora’s revenues shine

Published on February 9, 2023

Bracciale Pandora con cuore, chiave e lucchetto in argento placcato oro

Pandora adds a jewel balance to its history: in 2022 it sold 103 million pieces in its 6,500 stores in a hundred countries. It was a positive year for the Danish group, with organic growth of 7% for the equivalent of 3.5 billion euros and an Ebit margin (Earnings before interest and taxes, basically a gross profit) of 25.5% and a net profit equivalent to 675 million euros. Over 600 million people have visited shops and online stores. Results that are even more positive if we count, for the fourth quarter of 2022, the loss estimated at around -1% caused by the fire at the European distribution centre. On the other hand, the company counted on a 4% network expansion. However, the Pandora accounts disclosed by the group underline the negative sales in the United States (-7%), while in Europe the growth was 2%. The company’s financial report also includes a positive gross margin (+0.5%). Ebit in Q4 2022 was 32.5%, an increase of 2.8 percentage points compared to Q4 2021 and with good cost control. For 2023 Pandora expects organic growth between -3% and +3% and an EBIT margin of around 25%.

Anello Pandora Onda Pietre Luminose in argento Sterling 925 e pietre di zirconia cubica — Anello Onda Pietre Luminose in argento Sterling 925, zirconia cubica

We closed 2022 in style. Despite the macroeconomic pressure on consumers and the covid-19 turmoil in China, we continue to post solid growth from pre-pandemic levels. We have started 2023 well and are confident that the brand transformation that has taken place in recent years puts Pandora in a good position to handle future adversity and emerge stronger than before. In 2023, we will continue to execute on our strategy, capture market share and accelerate network expansion, while taking prudent cost actions to protect margins.
Alexander Lacik, President and CEO of Pandora

Alexander Lacik, ceo di Pandora — Alexander Lacik, presidente e Ceo di Pandora

The group’s balance sheet also shows good financial solidity, with a rather low exposure and strong liquidity. To the happiness of the shareholders, alongside the dividend (DKK 16 per share) Pandora has anticipated a new share buyback program of DKK 2.4 billion until June 30 with the intention of reaching up to DKK 5 billion, with the objective of supporting the share price on the Stock Exchange.

Orecchini Cerchi Onde Pietre Luminose: sono realizzati in argento Sterling 925, ispirati alle onde, con cubic zirconia, collezione Timeless

Bracciale Pandora con cuore, chiave e lucchetto in argento placcato oro — Bracciale in argento placcato oro 14 carati

Vicenzaoro January hit the mark

Published on January 24, 2023

Visitatrici a Vicenzaoro January

The Vicenzaoro January outcome reflect the numbers relating to the jewelery business: they are gold. The organizing company of the event, Italian Exhibition Group, defines it as the edition of records. In fact, Vicenzaoro and the jewelery sector have put the crisis caused by the covid behind them. Also from an aesthetic point of view: the fittings of the standard editions have reappeared, more spacious and welcoming. As for the reverberation of the war in Ukraine, perhaps it is too early to count its weight. Vicenzaoro will be back at the end of the summer (8-12 September) among other things, in an exhibition environment renewed by a restructuring that has just begun.

Operatori a Vicenzaoro January

But let’s get to the official numbers: 1,300 exhibiting brands and 400 foreign buyers. Compared to a year ago, foreign buyers doubled (+105%). More generally, the turnout was record (+11.5%) compared to January 2020. And this, Ieg points out, despite the duration of Vicenzaoro 2023 being one day shorter. Visitors from abroad are 60% of the total and have arrived from 136 countries around the world. In particular, from Europe (54.5%) the Middle East (9.5%), Asia (9%), Turkey (9%), North America (7.2%), Africa (5.4%) and Latin America (4.7%). Among the most represented countries are the United States, Turkey, Greece, Germany, Spain, the UK, France, the United Arab Emirates, Israel, Saudi Arabia, India, Japan and Thailand. However, the absence of Russia from China should be noted, at least from the official balance sheet.

Visitatori a Vicenzaoro

Among the novelties of Vicenzaoro, moreover, there is certainly the substantial entry of the world of contemporary watchmaking and its supply chain with the Time platform, alongside the public entry of Vo Vintage, for open vintage watches and jewellery.

Vicenzaoro January

Lo spazio di U-Boat nell'area Time — Lo spazio di U-Boat nell’area Time

Visitatrici a Vicenzaoro January

Precious accounts for Amen

Published on November 23, 2022

Year-end accounts for Amen, the Tuscan fashion jewelery brand headed by Croce del Sud, owner and founder of the Doodle The Original brand and, since January 2021, Guess Jewelery’s agent for Italy. 2022 closes with a positive balance: the brand has gone from a turnover of 1 million 700 thousand euros in 2012, the first year of life of the company founded by Giovanni Licastro, to 15 million in 2021, with a total of 740 thousand pieces sales and an increase in turnover growth of 44% compared to 2020. And for first half 2022 the growing trend is confirmed, with an increase of 17.91% compared to 30 June 2021.

Orecchini in argento con cubic zirconia — Orecchini in argento con cubic zirconia by Amen

The brand has distribution in Italy plus over 1,500 points of sale including wholesale, Amen store and Shop in Shop, with the contribution of a sales network made up of 15 agents, which represents the flagship of the brand. Furthermore, the brand has begun its international expansion with a directly owned company in Spain, through local distributors in Austria, Canada, Puerto Rico, Bulgaria and Serbia and is entering the market of Portugal and the Philippines. Finally, the brand is involved in important social projects, including partnerships with Telethon and the Ieo-Monzino Foundation.

Giovanni Licastro, fondatore di Amen

Lo store di Amen a Padova

Anello in argento con cubic zirconia rosa e gialle — Anello in argento con cubic zirconia rosa e gialle di Amen

Gismondi 1754, six months with double digits

Published on September 24, 2022

Massimo Gismondi

The accounts of Gismondi 1754, the historic Genoese jewelery company, listed on the Egm market (Euronext Growth Milan) of the Italian Stock Exchange, continue to be more than positive. The results of the first six months of 2022, the board of directors announced, confirm the trend of significant growth in the value of production, which stands at Euro 7.2 million, with a variation of + 84% compared to the corresponding period of 2021. The growth , according to the company, is determined thanks to the significant contribution of the Wholesale channel, with a strong increase in particular in the European area (+858.521 euros), and in the USA area (+731.881 euros), compared to the first half of 2021.

Bracciali della collezione Pace

The results of the first half of the year fill us with pride and satisfaction; growing more than 80% responds to the promise made to those who believed in us and in our project. With tenacity and determination we have been able to face and will face the challenges of this period, and this has allowed us and will allow us to increase sales all over the world in an exciting and harmonious way. The macroeconomic context is not simple, nevertheless, with our strength and trust in our resources, we intend to continue decisively in the strategic positioning of Gismondi 1754 at a national and international level, maximizing the continuous appreciation that is reserved for our brand and our jewels. in every context in which we present ourselves. All the conditions are in place to continue at important growth levels also for the second half of the year.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi — Massimo Gismondi. Copyright: gioiellis.com

The Special Sales channel was also positive, the tailormade of Gismondi 1754, which in the first six months of 2022 contributed to the growth in revenues with + 19% compared to the same period of 2021 and sales of € 1,943,655. The Prague franchising also did well, which increased by 41%, and positive feedback also from Retail, which recorded an increase in absolute value of 739,981 euros. Among the income statement data, the EBITDA (gross margin) of 815,964 thousand euros (+166%) and a consolidated net profit of 374,469 thousand euros (+ 300%) should be noted. The debt position instead marks -328,112 thousand, compared to the consolidated figure of last December which was 290,408 thousand.

Best in Diamonds above $ 20.000: Gismondi 1754 — Couture Awards Design. Best in Diamonds above $ 20.000: Gismondi 1754

Pandora grows up and calls a new manager

Published on August 18, 2022

Store Pandora

Financial news from the world’s largest jewelry group, Pandora. The group’s business continues to sail at high altitude, as evidenced by the data relating to the second quarter of 2022, with a headcount of 3% (+ 17% compared to the corresponding quarter 2019). The growth, the Danish company announced, is supported by the results of the Moments platform, but also by the sales of the new collection dedicated to Marvel characters. But, at the same time, the large US market recorded a decline of 12% compared to 2021: the step backwards is due to the end of the government subsidies paid for the covid. But compared to 2019, organic growth is 59%. Spain and Mexico also recorded double-digit growth, while China continues to suffer the negative impact of closures due to the epidemic and impact on the group’s organic growth for 4% compared to 2021 and 7% compared to 2019. .

Store Pandora

Online sales are flying, with organic growth of almost 100% compared to the second quarter of 2019. Ebit (gross margin) was 22.1%. The company also announced its new collection of lab-created diamond jewelry, which will be launched in North America on August 25. Other news from Pandora is the arrival of Mary Carmen Gasco-Buisson, a manager born in the Dominican Republic and of US-Spanish nationality. The manager is currently the Global Vice President of Unilever: she will join Pandora as the new Chief Marketing Officer, reporting to Alexander Lacik, she CEO of the group, and joining the Executive Leadership Team. Mary Carmen Gasco-Buisson is an expert in the growth and transformation of consumer brands in various categories such as fragrances, beauty & personal care and women’s health.

Mary Carmen Gasco-Buisson

Charm in argento Pandora

Alexander Lacik — Alexander Lacik, presidente e Ceo di Pandora

Six months very good for Gismondi 1754

Published on July 21, 2022

Best in Diamonds above $ 20.000: Gismondi 1754

The second quarter of the year was also favorable for Gismondi 1754, a company listed on the Euronext Growth Milan (formerly Aim) list which voluntarily reports its financial results on a quarterly basis. Result: in the second quarter of 2022, Gismondi 1754 reported a considerable increase in revenues. Sales were 3.5 million euros, up 39% compared to the second quarter of 2021. This figure brings the overall consolidated result for the first half of 2022 to over 7 million euros, with a growth of 79.8 % compared to the corresponding period 2021.

La collana Raggio di Sole di Gismondi 1754

Specifically, the Genoese jewelery company credits the growth in the second quarter of 2022 mainly to sales in the wholesale channel, both at European level (+ 94%), in the USA (+ 85%) and in the Middle East (+ 100%). The results of the shop in St. Moritz were also positive, with 407 thousand euros in sales, and that shop in Portofino, with sales up to almost 200 thousand euros. Despite a slight decline in the second quarter, special sales nevertheless showed growth in the first half of 2022 equal to + 19% and remain a strategic channel for the company.

Orecchini in oro e rosa diamanti Clip Sintesi

We are extremely satisfied with the Company’s performance. Even in the first half of the year, the numbers show that the direction we have taken is consistent with our development plan. Despite the period of great economic and political instability, we were able to once again improve the sales figure by almost 80% compared to the half year of a year ago. Our jewels are increasingly appreciated and this was also testified by the recent prestigious awards obtained at The Couture in Las Vegas last month. The second half has already started very well, both for the wholesale channel and for the retail channel, and we can see this not only from the numbers, but also from the continuous demand and attention that our brand has on a global level.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi premiato ai Couture Design Awards

Brilliant prospects for Zancan jewels

Published on June 13, 2022

Anello con zaffiro

Zancan’s jewels with a strong character are successful. According to what was communicated by the company from Ponte di Nanto (Vicenza), the 2021 financial statements closed with a record turnover of over 7 million euros, with double-digit growth compared to 2020 and an increase of around 5% compared to 2019. The increase, Zancan points out, is the result of several factors, including the development of distinctive collections, the geographical expansion of distribution and the push for e-commerce, inaugurated in 2017, which has had an average growth in these years of about 70-80%. The Venetian company is present in Italy in approximately 1,400 stores throughout the country, but it is above all the international markets that offer the greatest satisfaction. As regards abroad, at the moment the brand is present in over 600 points of sale: on the European market, in particular, since 2019 Zancan has focused on the development of the market of the so-called Dach countries (Germany, Austria, Switzerland) while for the 2022 the focus will shift to the development of the French market: there are already distribution agencies and agents in Portugal, Benelux, Switzerland, Germany, Austria and the Czech Republic.

Anello con zaffiro

On the other hand, Zancan’s presence in the Middle East in stores such as Levant in Dubai and Almajed in Qatar, which host major international brands, is ten years old: a strategic area in strong economic expansion, which represents enormous potential. The company therefore predicts that investments will therefore be required to accelerate. Zancan has also been present in North America for over twenty years, with a local representative and more than 200 stores. One of his next goals will be the opening of a company in the USA, in Miami, a strategic city considering that the Mexican market is also very significant and important for the brand. The products sold in Mexico, in fact, are all jewelry in 18-karat gold and diamonds and have an average selling price of around 20 thousand euros: this could be the starting point for Zancan to explore and develop the South American market. a geographical area that could prove to be particularly reactive, willing to spend on quality products and appreciating Made in Italy.

Anello della linea Cosmopolitan Luxury

A prestigious position that fills us with pride and satisfaction. An important recognition for our work and for our professionalism. We therefore look to the near future with optimism also because during the recent participation in VicenzaOro and Jewelery Geneva, where we exclusively presented the second edition of the Cosmopolitan Luxury line and the latest addition to the Zancan house, the Couture Sapphire line, we were able to verify a strong appreciation for our collections and our work.
Riccardo Zancan, business manager of the company

Bracciale uomo in argento

On the marketing and communication front, for 2022, Zancan will continue the collaboration with Bugatti, one of the most prestigious and iconic brands in motoring, with a collection with an unmistakable style designed ad hoc, which has already had the merit of increasing the reputation of the brand and well represents the internationalization strategy of the Vicenza company. And for the Qatar Fifa 2022 World Cup, Zancan, through the partnership with the Almajed group, has been selected as a manufacturer of jewelery merchandise for men branded World Cup Fifa Qatar 2022.

Collana con pendente a croce con zaffiri

Lavorazione di gioielli Zancan

Gioielli Zancan, laboratorio

Headquarters di Zancan

For PdPaola it is expanding again

Published on April 28, 2022

Catena con pendente robot

An increase of 25% over 2020: this is the increment in revenues of PdpPaola, an accessible jewelery company based in Barcelona, but with 2,000 points of sale in over ten international markets. Founded by brothers Paola and Humbert Sasplugas in 2014, the jewelry brand closed 2021 with a turnover of 30 million euros and is planning an expansion plan through the opening of new flagship stores. Also because the forecasts are rosy: a turnover of 52 million euros is expected for 2022.

I fratelli Paola e Humbert Sasplugas

Italy has consolidated itself as one of the most important countries, with a turnover of 2.7 million euros in 2021, with a growth of 44% compared to the previous year. In the Italian market the brand is currently omnichannel (ie both in traditional and online stores). In Italy, for example, in the retail sector, the brand is present in over 622 physical stores and plans to expand further in 2022.

Collana in argento sterling placcato in oro 18 carati, indossata — Orecchini in argento sterling placcato in oro 18 carati e cubic zirconia, indossati

Finally, after the debut on the market in 2021 with the first Fine Jewelry collection, made with the use of 100% recycled 18-karat solid gold and laboratory-grown diamonds (i.e. not extracted from the earth, but created in a production center), PdPaola underlines its commitment in the sustainable and social sphere, significantly reducing the environmental impact.

Interno del flagship store di Pdpaola

Catena con pendente robot

Anello in argento sterling placcato in oro 18 carati, indossato

Golden year for Gismondi 1754

Published on April 2, 2022

Massimo Gismondi

A year to frame that of Gismondi 1754, a Genoese jewelery company listed on the Euronext Growth Milan market of the Italian Stock Exchange. The company recorded a double-digit trend in 2021, as can be seen from the 2021 financial statements (drawn up in accordance with the IFRS international accounting standards, that is, respecting international accounting rules). One figure summarizes the meaning of an out of the ordinary year: the value of production was 9.96 million euros, up 47% compared to the 6.79 million of the previous year, even if 2020 was a year conditioned by the pandemic.

Alta gioielleria Gismondi 1754, collana in oro rosa e diamanti bianchi e fancy

We close the year with strong growth and with great enthusiasm we are projecting ourselves towards the objectives that will see us as protagonists in the coming months. We are facing extraordinary results, despite the fact that the context, between Covid and the international situation, was not the easiest to deal with. We are aware of the global difficulties and will continue to work with great attention, but we are equally convinced of the affirmation of the brand globally. All sales channels have performed and contributed positively to the achievement of these data and we cultivate a rational optimism that 2022 can also be characterized by growth and expansion in strategic markets where we are already present.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi — Massimo Gismondi. Copyright: gioiellis.com

The result was driven by the growth of the Wholesale channel, both at European level (+1.9 million euros compared to 2020) and in the United States (+1 million compared to 2020), but also by special sales, the “tailor-made” of the brand, which close 2021 up by 16%, with sales of almost 4 million. The only channel showing a slight decline was the Wholesale channel in the Middle East, waiting for new orders to restart at full capacity.

Collan ain oro rosa e zaffiro rosa Clip Mia

The financial statements include a consolidated Ebitda at 31 December 2021 growing to almost 1 million euro (+ 39%), stable at 10% due to huge investments in advertising, marketing and communication, for which the relative returns are expected in 2022. L ‘last line of the income statement shows a consolidated net profit of 351,280 euros, compared to 223,252 euros in 2020.

At the balance sheet level, the consolidated net is 9.21 million, an increase compared to the 8.87 of the previous year. The company, the note specifies, enjoys an excellent financial equilibrium since its own sources are five times what the fixed capital is, just as the consolidated sources are four times what the fixed capital is.

Collezione Dedalo, bracciale in oro rosa, diamanti e ceramica bianca

Gismondi 1754 also adds a sore point, which concerns the difficult management forecast for 2022, marked by the substantial closure of the Russian market. Situation “made extremely difficult by the exceptional nature of the events that characterize the current context, of which the Russian-Ukrainian conflict represents a new strong element of instability at the geopolitical, economic and financial markets”. Despite this, “the excellent performance of the months of January, February and March, with strong growth compared to the first quarter of 2021, bodes well for the 2022 trend”. The company also envisages “the continuation of the expansion policy in the various channels, with particular attention to the American market, which is in great expansion, to that of the United Kingdom and to the Gulf area, which has already given the first flattering results already in 2021 and in the first quarter of 2022. The opening of the new directly managed shop in Rome, inside the Regina Baglioni Hotel in Via Veneto, is also expected, following the framework agreement with the well-known hotel chain. Also with Baglioni, the opening of a new directly managed store in Milan is planned “.

Orecchini in oro rosa, smeraldi e zaffiri rosa

The results of Crieri shine

Published on February 24, 2022

Crieri a Vicenzaoro

It’s been a particularly precious year 2021 for Crieri. The goldsmith company of Valenza, in fact, recorded a balance sheet with double-digit growth. The turnover of the Maison, active with the Crieri and Poesia Gioielli brands, exceeded 12 million euros, with an increase of 80% compared to 2020 and (more significant) of + 40% compared to 2019. The growth in turnover , explains the company with a press release, it was driven by various factors, including the development of distinctive collections, the growth of distribution throughout the country and investments in visibility.

Anello in oro bianco, diamanti, smeraldo della collezione Bogotà — Anello in oro bianco, diamanti, smeraldo della collezione Bogotà by Crieri

We offer our customers a high quality product made entirely in Italy. Our efforts in recent years have been aimed at highlighting our values and making them the main object of sales and communication arguments. The market has followed us, we have won the trust of our business partners who become ambassadors of our brand on the territory, towards the end customer. The Crieri brand is very young, it was born in 2015, in a few years we have made giant steps.
Alessandro Saracino Founder & CEO Crieri

Alessandro Saracino

Specifically, last year the dealer network of the Crieri brand grew by 50 doors, reaching a total number of 250 dealers. 2021 was also the year that laid the foundations for the development of the retail project that began with the opening of the Crieri e Poesia Gioielli corner at the Brian & Barry Building in the center of Milan. This path will lead to the opening of the first Crieri single-brand stores, at least 2 by 2022, for which the selection of locations in the most exclusive Italian cities is already underway.

Crieri a Vicenzaoro

Among its strengths, Crieri emphasizes, is the success of the Bogotà collection, a line that sees the Colombian emerald as the protagonist. The company enjoys a privileged relationship with Colombia through the presence of its own local office and local partners. In this way, Crieri has the opportunity to access gems of extraordinary quality, increasingly rare, which become the center of unique creations from high jewelery to ready-to-wear jewelery. Since the launch of the Crieri project, he has been able to put his signature on a thousand Bogotà creations. The line is present in selected jewelers.

Crieri, anello della collezione Bogotà in oro bianco, smeraldo, diamanti

In March 2020, in full stagnation due to the global contingency, Crieri developed the Poesia Gioielli project, a brand with a younger target. After just over a year, the brand has developed a turnover of 1.5 million euros and is present at 120 retailers throughout Italy as well as being available through direct online sales. The Poesia collections bring a trendy touch to the point of sale proposal through creations that dare with color.

Orecchini in oro rosa 9 carati con topazio bianco e smalto lilla — Anello in oro rosa 9 carati con topazio bianco e smalto lilla di Poesia Gioielli

I am proud to have been the stimulus for the birth of Poesia Gioielli, a project that saw the light in an apparently unfavorable moment which instead proved to be the most fertile ground for such a colorful and light proposal. Poesia Gioielli, in addition to being a brand with very clear connotations, allows you to combine impulse buying with the choice of a jewel made with precious materials, gold and stones. This launch, in addition to producing effects on turnover, was a general stimulus in the company. Immediately between the two brands, Crieri and Poesia Gioielli, interesting synergies have been developed in the commercial approach, which together make it possible to cover a wider range of the market, both in terms of price positioning and stylistic proposal.
Michela Saracino, general manager of Crieri

Michela Saracino

Golden year for Pandora

Published on February 9, 2022

Pendente porta charm a cuore Pandora Moments

Those who also follow the economic aspect of the jewelry market will be interested in the financial results of Pandora, a Danish giant with a worldwide presence. The accounts of Pandora also reflect, in part, the dynamics of the jewelry market.
That said, in 2021 the organic growth (i.e. excluding any extra operations) of the group was 23% compared to 2020 (which, however, they recall, was marred by numerous pandemic lockdowns). The Ebit margin (earnings before interest expense and taxes) of 25%. Data that exceeded forecasts. In particular, business has been booming in the US (+ 58% compared to 2020), while in China it was only 5%, in Italy by 10%, in France by 5%, in Great Britain by 14%.

Pendente porta charm a cuore Pandora Moments

It should be noted that the total revenues, at 23.3 billion Danish kroner (about 3.1 billion euros or 3.58 billion dollars), are higher not only than the sales of 2020 (19 billion), but also those of 2019 before pandemic (21.8 billion crowns). Sales that generated profits of 4.1 billion crowns (550 million euros or 630 million dollars).

Charm in argento Pandora Moments

We finish 2021 on a high note with record Q4 revenue and sell-out, and I am delighted that we are able to increase our revenue target for 2023 by approximately DKK 2 billion. I am particularly pleased that our growth has been strong in all key markets. Our digital investments are clearly paying off, Moments is showing solid growth, and we’re encouraged by new product platforms like Pandora ME and Brilliance. With this – and with the acceleration of network expansion in 2022 – I am confident that we have all the ingredients to generate sustainable and profitable revenue growth for years to come.
Alexander Lacik, president and CEO of Pandora

Alexander Lacik — Alexander Lacik, presidente e Ceo di Pandora

Which jewels are the jewel of such a positive performance? Pandora does not think about single jewels, but about what she calls “platforms”. In short, a sort of maxi collections that are periodically updated with new pieces. Notably, the Moments platform continues to generate very good results, including the Christmas collection. The relaunch of Pandora Me has been well received, with growth of 57% compared to the initial launch in 2019. But Pandora’s revenue is also driven by online sales, with organic growth of 91%, as far as the latest is concerned. three months, compared to the corresponding period 2019. For those who are also a shareholder of Pandora, the company proposes the distribution of a dividend of 16 Danish crowns per share, but also a new share buy-back program (a buy-back) for 3.3 billion Danish kroner, which should support the value of the shares.

Collana in argento sterling 925 con placcatura in oro rosa 14 carati

Collana in argento sterling 925 con placcatura in oro rosa 14 carati — Pentente in argento a forma di ape

2021 was a golden year for Gismondi 1754

Published on January 22, 2022

Bracciale Dedalo in oro rosa e diamanti

It was a decidedly positive year for Gismondi 1754, a Genoese jewelery company listed on the Euronext Growth (formerly Aim) list of the Italian Stock Exchange. The company, with unprecedented transparency for the sector (and not only), has voluntarily disclosed the consolidated management results of sales for the fourth quarter of 2021 (data not subject to audit), divided by geographical area and type of channel of sale.

Bracciale Dedalo in oro rosa e diamanti

In the fourth quarter of 2021, therefore, Gismondi 1754 reported a total consolidated management turnover of € 3,996,320, an increase of 28.51%, compared to € 3,109,850 in the fourth quarter of 2020. The growth in sales in the fourth quarter ( +595,777) mainly contributed by the Wholesale Europe (+ 135%) and USA (+ 186%) channels. Furthermore, the performance of the shop in St. Moritz (+ 1496%) is of particular importance, which mitigates the difficulties of the shops in Portofino and Genoa, which are affected in this phase by the typical seasonality of the locations, as well as Milan, which also paid the forced closures of the mall in which it is inserted.

We are facing extraordinary results, which certify the growth of the Group and the brand regardless of the difficult economic period. We touch almost + 50% growth year on year and we see how all the sales channels have performed and contributed positively to the achievement of these figures, a sign of the excellent work done in all segments and the recognition by customers of the quality and the care we put into the creation of each of our jewels.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi

The results of Q4 make up an overall picture for the entire year 2021 which has shown a constant growth trend. The company closed the 12 months of 2021 with revenues of € 9,745,606 (+ 48%) compared to € 6,578,030 in 2020.

Analyzing the data by sales channels over the 12 months, the growth in 2021 was driven by the European Wholesale channel (+1.957.203 euros compared to 2020) and by the US Wholesale (+1.002.769 euros compared to 2020). The only channel in slight decline is the Middle East, waiting for new orders to restart at full capacity. As for the special sales (the made-to-measure signed by Gismondi 1754), the year 2021 closed with a growth of + 16%, with sales of 3,952,188 euros.

Bracciale della collezione Genesi di Gismondi 1754

A result further enhanced in the last week of the year, where special sales for over 1 million euros were achieved, also thanks to the e-commerce channel (see press release dated 11 January). Analyzing the revenues by geographic area, as at 31 December 2021 the percentage of turnover in the Italy area grows in percentage terms, which in Q4 represents 26% of revenues compared to 16% in the same period of 2020. Europe, overall, is worth approximately 53% of the turnover of Gismondi 1754, while the incidence of other countries is stable, including Russia (5%) and others (13%).

A wealthy Christmas for Gismondi 1754

Published on January 12, 2022

Bracciale in oro rosa e diamanti

Santa Claus brought many jewels Gismondi 1754: The Genoese company listed on the Euronext Growth (formerly Aim) list of the Italian stock exchange, communicates the results relating to the business. In particular, at the end of the year, special sales in Switzerland, England and St. Martin yielded a total value of 1.16 million euros. The custom made by Gismondi 1754, the company informally notes, continues to receive excellent feedback, with a strong impulse produced, in particular, in the last week of December, between Christmas and the end of the year.

Collana con diamanti e smeraldi di Gismondi 1754

Much of these sales were made through the Gismondi 1754 e-commerce platform, accessible both through the website and from the Genoese brand’s Instagram page. A digital turning point, which took place in mid-2020, which projected the Group into the future, accelerating its plans due to the pandemic, which at that time was starting to block movements globally. These special sales should increase the company’s end-of-year results, which are expected to show strong growth: at the end of October 2021 Gismondi had already reached the turnover level achieved in 2020, equal to 6.5 million euros.

Massimo Gismondi — Massimo Gismondi. Copyright: gioiellis.com

Although the covid has negatively impacted most companies, especially between the beginning and the end of 2021, we have concluded an extraordinary year that will lead to growth that will be very close to + 40%. Special sales represent a distinctive value of our offer, not an impromptu item, so much so that by now they have a double-digit impact on our turnover. We strongly believe in our philosophy, which we pass on with passion to all our sellers because, only through a relationship of loyalty and strong motivational empathy with our customers, we are able to conclude sales with such important values even in moments that are certainly complicated for everyone. .
Massimo Gismondi, CEO of Gismondi 1754

Collezione Dedalo, bracciale in oro rosa, diamanti e ceramica bianca

Pandora multiplies its sales

Published on November 3, 2021

Lo spazio Pandora in Animal Crossing New Horizons

Sales of Pandora jewelry, a company that is listed on the stock exchange, are booming. The quarterly results of the Danish jewelry giant testify to this. In fact, sales in the third quarter of 2021 increased by 9% compared to 2019 (2020, with the lockdowns and closures of entire cities, makes history itself). The strong growth was driven by Pandora’s largest platform, Moments, which experienced a completely sold-out growth of 11% compared to 2019.

Alexander Lacik — Alexander Lacik, presidente e Ceo di Pandora

Moments’ performance in the third quarter of 2021 was supported by the launch of Wearing bargains (keychain and bag), which produced an incremental 2% share of business in the quarter. In addition, it helped to re-engage consumers with the brand and Pandora and provided a positive effect to the performance of bracelets as well. The solid revenue performance was further supported by Pandora’s largest market, the United States, which accounts for 28% of revenue in Q3 2021 compared to 22% in Q3 2020. The United States, on the other hand, represent a strategic priority for Pandora. In the long term, the company’s goal is to double the US business compared to 2019.

Bracciali rigidi Pandora Me

The main European markets are also recovering strongly with the reopening of stores and a sell-out growth of 11% compared to 2019, while the performance in Asia, including China, remains weak, strongly influenced by the covid. Online sales rose sharply with + 94% organic growth compared to the 2019 quarter.

Bracciale in argento — Bracciale in argento Pandora Moments

Gismondi boom growth 1754

Published on October 15, 2021

Alta gioielleria Gismondi 1754, orecchini in oro rosa e diamanti bianchi e fancy

After the annus horribilis 2020, the world of jewelry in 2021 takes revenge. This is testified by the results of Gismondi 1754, a historic company that is listed on the Aim list of the Italian Stock Exchange. The company produces high-end jewelry and also stands out because it voluntarily discloses the consolidated management results of sales. In the third quarter of 2021, Gismondi 1754 reported consolidated operating revenues of 1.8 million euros, up 63% compared to the corresponding period for 2020. Again comparing the quarterly figures relating to revenues, sales in the period 2021 compared to payment in 2019 (pre-covid), the growth in sales is 816,477 euros (+ 80%), thanks to the strong boost given by the European wholesale channel (+ 1471%), special sales (+ 238%) and the Genoa store (+ 389%). with double-digit growth also of the Portofino store (+ 78%), of the US wholesale (+ 64%), and of the Prague franchising (+ 94%).

Bracciale in oro bianco, diamanti e zaffiro blu — Bracciale in oro bianco, diamanti e zaffiro blu by Gismondi 1754

The Genoese group closed the first nine months of 2021 with revenues of € 5.7 million (+ 66% compared to the first nine months of 2020) and even with a jump of 77% compared to 2019, in which revenues were attested to 3.2 million euros The growth in the third quarter of 2021 was driven by the European wholesale channel (+361,418 euros compared to 2020), which offsets the negative results of the US and Middle East wholesale, which have yet to restart at full capacity with new orders. The results of the retail channel vary according to the seasonality of the locations, so the result of the Portofino store is highlighted, which closes with + 247% sales (equal to 206,976 euros), in spite of Milan and S. Moritz who give the best results in the autumn winter season. The Prague franchising performance was substantially stable (sales of € 126,265), in line with sales in Q3 2020.

Bracciale della collezione Genesi di Gismondi 1754

These are truly extraordinary results, which testify to the success of the brand, which is growing quarter by quarter and improving the sales figure for the first nine months of 2019 pre-pandemic by over 2 million. We enter the autumn and winter season which tends to be the one where the propensity to buy increases and which will give further impetus to both retail and wholesale sales, where we will also begin at full speed the sale of the new Clip collection which is opening us more and more to a clientele. young and medium-high range. The last quarter of 2021 will lead us towards the end of the year with great positivity and ambition, in the wake of the growth results achieved so far.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi — Massimo Gismondi. Copyright: gioiellis.com

As for the special sales, contrary to what happened in the past they are represented by collection objects and not by taylor-made products, all for a total value of 750 thousand euros: an important confirmation of the work and investments made in Fairs and mainly in Las Vegas (the place where the conditions for this sale were generated). Analyzing revenues by geographic area, as at 30 September 2021 the percentage of turnover in the Italy area increased, which currently represents 31% of revenues compared to 14% in the same period of 2020. Europe, overall, is worth approximately 54 % of the turnover of Gismondi 1754. Stable the incidence of other countries between Russia (2%) and other countries (13%).

Business is going well for Gismondi 1754

Published on April 20, 2021

Gismondi 1754, la collana della collezione Essenza indossata

Good business for Gismondi 1754, a Genoese company listed on the Aim list of the Milan Stock Exchange. The Maison has published (on a voluntary basis) the consolidated management results of sales for the first quarter of 2021, broken down by geographical area and type of sales channel. Result: Gismondi 1754 reported consolidated revenues of 1.4 million euros, up 91% compared to the first quarter of 2020. The growth, for the same period compared to 2020, was supported by sales in the wholesale channel, with an increase in particular in the European area (which had a turnover of 249,693 euros in the first quarter of 2021 alone, against 26,286 euros in Q1 2020). The special sales segment also continued the trend started in previous years, passing from € 247,126 in the first quarter of 2020 to € 513,536 in 2021.
Analyzing revenues by geographic area, as of March 31, 2021, the percentage of turnover in the European area grows in percentage terms, in particular in the Swiss market, which represents 39% of revenues, followed by the Italian market, which accounts for 26%. The United States are worth 9% of total revenues, Eastern Europe (Russia and the Czech Republic) 9%, while overall the other countries account for 16%.

Jane Fonda con il set Rugiada di Gismondi 1754

The results underline the strength of our brand and the ability to retain our customers, as evidenced by the significant growth in wholesale and special sales. In a complex economic phase on a global level, our strategy of focusing on tailor-made products within everyone’s reach has marked the difference, allowing us to grow despite the pandemic and to maintain close contact with the customers of the boutiques, who forcibly had to remain closed. in the first months of the year. We remain confident on the prospects and we hope that the second half, with the desirable gradual reopening to the public in the coming months, will also allow us to reinforce the contribution of direct retail, going to further consolidate our growth.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi

“Compared to the sales figures by sales channel, in the first quarter of 2021 the data relating to sales in the Wholesale channel and the Special Sales channel stand out, representing respectively 36% and 37% of revenues”, reads a press release. “The tailor-made vocation of Gismondi 1754 is therefore confirmed and its attention to building a close relationship with the customer, which has allowed the Company to enhance its collection even in a moment of almost global lockdown”.

The restrictions introduced to combat the covid-19 pandemic had an impact on the retail division, which still recorded a growth of 38% compared to the first quarter of 2020, but which saw sales of the Sainkt Moritz and Milan stores (forcibly closed for almost the entire quarter), offset by the excellent performance of the Galata store, with revenues of € 259,432. The Wholesale Europe channel records significant growth compared to the first quarter of 2020, generating revenues for an amount of 249,693 euros. The Wholesale Middle East division, opened at the beginning of 2020, also very well, doubled the result of the first quarter of 2020 and recorded revenues of 90,129 euros. Finally, the US wholesale channel recorded revenues of € 128,591, in line with the results of the first quarter of 2020.

Collezione Dedalo, bracciale in oro rosa, diamanti e ceramica bianca

Fope remains in profit

Published on March 2, 2021

Anello della collezione Panorama

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Fope grits his teeth and expects a better future. The 2020 accounts of the goldsmith company listed on the Aim list of the Italian Stock Exchange are inevitably affected by the covid effect. But it could have been worse. According to the preliminary consolidated results as at 31 December 2020, the revenues of the Veneto group fell to 26 million euros compared to 35 million in 2019, but the positive news for shareholders is that the year did not end in red, but still in profit, even if it fell to 1.65 million compared to 4.85 million in 2019. In line with these results are the Ebitda and Ebit (essentially gross margins) which amounted to 3.95 million respectively and 2.34 million.

Diego Nardin, amministratore delegato di Fope, alla presentazione dei dati di bilancio 2018 — Diego Nardin, amministratore delegato di Fope

We are satisfied with the closing revenue figure, which exceeds expectations; the decrease of 25.7% compared to 2019, and in particular of 11% if we compare the data relating only to countries with a significant tourist impact, is a result that comforts us with respect to the importance that the Fope brand has for our dealers and as a first choice for our customers. The careful management of costs in the lockdown phases and the sales, made with the margins prior to the health emergency, made it possible to maintain an adequate level of profit and the distribution of dividends during the month of December 2020. Financial management, which has not undergone significant impacts following the lock down periods, has made it possible to proceed with the planned investments. Also in light of the 2020 results achieved in a difficult situation, we look to 2021 with optimism and believe in the ability to achieve positive results, despite the contingent period of health emergency does not allow to resolve all the uncertainties regarding the response of the markets. However, the feedback received so far from our best dealers is positive, and in line with our expectations.
Diego Nardin, CEO of Fope

Fope, orecchini della collezione Panorama in oro e pavé di diamanti

Growing results for Gismondi 1754

Published on January 20, 2021

Massimo Gismondi

Flattering results for Gismondi 1754, the historic Genoese jewelery company, which was listed on the Aim list of the Italian Stock Exchange. The company has a long history: for seven generations it has been producing high-end jewelry. Gismondi 1754 has now disclosed the financial results for the fourth quarter and for 2020 (on a voluntary basis). The data are consolidated data and relate to sales in the fourth quarter of 2020 (data not subject to audit), divided by geographical area and type of sales channel, approved by the board of directors.

Massimo Gismondi

According to the company’s press release, “Gismondi 1754 ended 2020 with double-digit growth results compared to the previous year and is projected into 2021 with optimism to continue its growth path. The fourth quarter saw revenues from sales increase to 3.1 million euros, compared to 2.5 million in the fourth quarter of 2019, which results in an overall annual consolidated operating revenue for the year 2020 of 6.57 million, up 14% compared to 2019”.

Jane Fonda con il set Rugiada di Gismondi 1754

Brilliant revenues for Gismondi 1754

Published on December 15, 2020

Anello della collezione Era in oro rosa e smeraldi

Brilliant accounts for Gismondi 1754, a historic Genoese company listed on the Aim list of the Italian Stock Exchange. Since the beginning of December, the wholesale dealers in Italy have concluded sales for 155,000 thousand euros, as well as from the Middle East Market, in addition to the important orders confirmed and already communicated in November, further sales of 51,000 euros have been recorded. The Prague franchise in the first 14 days of December also recorded sales of € 71,200.

Anello della collezione Era in oro rosa e smeraldi

Also in light of these new sales, the consolidated operating revenues (not subject to audit) as of December 10th amounted to 6 million, compared to the 3.4 million of September 30th, already exceeding the consolidated revenues for the full year 2019 which they stood at 5.75 million. A data in contrast, which assumes strategic value, considering the historical moment that the whole world is going through due to the pandemic.

Collana della collezione Era in oro rosa e smeraldi

We would like to underline these results because they are the result of a proactive strategy of our Company. I am proud to have elaborated with my management already in March with the recovery plan which, developed in a short time, allowed us to react to the complex situation given by Covid by concentrating our efforts on the creation of a sales force in Italy, on the ‘expansion of the international wholesale and e-commerce channel which is proving effective and able to generate sales volumes even higher than expectations, also taking into account the current context.
Massimo Gismondi, CEO of Gismondi 1754

Massimo Gismondi

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