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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

Record first quarter for Gismondi 1754

Published on April 20, 2022

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Positive first quarter for Gismondi 1754, a Genoese company listed on the Euronext Growth Milan list of the Italian Stock Exchange. The company continues to disclose its consolidated sales management results on a voluntary basis. As of March 31st, therefore, Gismondi 1754 reported a consolidated turnover of 3.5 million euros (+ 153% compared to 1.4 million in the first quarter of 2021). ‘previous year, to which all the main sales channels of the Genoese brand contributed. The wholesale channel stands out, which as at 31 March 2022 was worth a total of 1.7 million, with an increase in particular in the USA (+ 391%) and Europe (+ 227%). The Special Sales segment has also almost doubled, from € 513,536 in the first quarter of 2021 to € 939,286 in the first part of 2022.

The Group’s first three months continue the exceptional growth trend that the Company has already shown with the year-end results. We are observing a growing enthusiasm and passion for our jewels which is then found daily in the sales data both in the wholesale and in the special sales area. The ongoing consolidation of the American market, combined with the upcoming commercial developments that we are planning in Italy and northern Europe, allow us to be very positive on the prospects for the year.
Massimo Gismondi, CEO of Gismondi 1754

The incidence on the turnover of the European area predominates, with 62%, in particular of the Swiss market, which represents 35% of revenues, followed by the Italian market, which accounts for 18%. The United States doubled the incidence, which, as of March 31, 2022, accounted for 18% of total revenues, while overall the other countries accounted for 20%, of which 9% is represented by Russia, a country towards which Gismondi 1754 has not no type of economic exposure. The company, not currently operating in the markets where the conflict is developing, does not detect direct elements that could affect the positive development of activities for the year 2022.

Bracciale in oro rosa, diamanti e ceramica bianca

Compared to the sales figures by sales channel, in the first quarter of 2022 the data relating to sales in the Wholesale channel and the Special Sales channel stand out, representing 49% and 27% of revenues respectively. The tailor-made vocation of Gismondi 1754 and its attention to building an exclusive relationship with the customer are therefore confirmed, while the retail channel (16%) remains stable in terms of incidence on revenues in the first quarter of 2022. which saw the restart of the S. Moritz shop, after a partial lockdown of the previous year, and a decline in the Galata shop which in the first quarter of 2021 had concluded an important sale that had given a significant boost to the turnover of the first quarter of the year, and the Prague franchise (9%).

Anello Clip Sintesi in oro rosa e diamante — Anello Clip Sintesi in oro rosa e diamanti

Pandora multiplies its sales

Published on November 3, 2021

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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, 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.

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.

Gismondi boom growth 1754

Published on October 15, 2021

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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 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

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%).

Rich quarter for Gismondi 1754

Published on July 21, 2021

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Gismondi 1754, listed on the Aims list of the Italian Stock Exchange, continues its policy of quarterly reporting (even if it does not have the obligation) of the business. According to the latest data released, sales in the second quarter of 2021 recorded a total consolidated management turnover of 2.5 million euros, up 55%, compared to 1.6 million in the second quarter of 2020. A figure that highlights the continuous and sustained growth of the Group in the first half, considering that in Q1 sales were 1.4 million.

Orecchino con smeraldi della collezione Genesi by Gismondi 1754

Compared to the corresponding period 2020, the growth in the second quarter of 2021 was driven by sales in the wholesale channel, both at European level and in the USA, with triple-digit percentage changes: + 442% the delta in Europe (revenues of 309,000 euros ) and a strong recovery in the United States, where sales have fully restarted with revenues of € 268,000. The Special Sales segment, which characterizes the Gismondi 1754 tailor-made philosophy, also achieved + 19% compared to the second quarter of 2020, going from € 933,954 to € 1.1 million. The St. Moritz store that closes with + 84% sales compared to the same quarter of 2020 (50,669 euros).

«The gradual return to reopening and moving is certainly a positive sign that also reverberates in the greater willingness to buy. Thanks to the digital channel, Gismondi 1754 has managed to consolidate even in the most difficult moments of the pandemic in 2020 and now finds even more benefit from being able to return to exploiting all sales channels globally. In this sense, it is significant to note that the overall consolidated sales results of the first half of 2021, equal to 3,903,173 euros, recorded a + 76% growth compared to those of the first half of 2019, when the covid was not yet available and , therefore, with a more directly comparable market situation ”, reads a note from the company.

For Gismondi 1754 nine months of growth

Published on October 16, 2020

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The covid did not infect the business of Gismondi 1754, a Genoese jewelery company listed on the Italian Stock Exchange on the Aim list. The data relating to the first nine months, in fact, indicate results in contrast with the trends in the sector. As at 30 September, Gismondi 1754 shows, in fact, a growing turnover, consolidating its brand on the market. Consolidated revenues in the first nine months amounted to € 3.4 million, up + 7%, compared to the 3.2 recorded in the corresponding period in 2019. The third quarter of 2020, in particular, grew by 9% compared to to the third quarter of 2019. A result that the company attributes to the wholesales channel at European level, which recorded a growth of 239% for revenues equal to 83,304 euros, the S. Moritz store, which recorded + 141% of corresponding sales and special sales, a strong point and distinctive element of Gismondi 1754’s offer.

In a note, the company specifies that analyzing revenues by geographical area, as at 30 September 2020 the incidence on the consolidated management turnover is growing across the board with respect to all the markets in which Gismondi 1754 operates, with particular mention for the US market ( equal to 43% of turnover) and the Italian market (equal to 14% of revenues). The USA and Europe are confirmed as the areas that have the greatest impact on the Group’s turnover, but the Russian market and the Middle East are also gradually establishing themselves, both with an incidence of 7%. The rest of the countries are worth 10% of consolidated turnover overall.

We are very satisfied because these results are part of a very difficult market context globally and in a sector, that of luxury, which is recording widespread losses overall. Gismondi 1754 grows against the trend and for this reason the value of + 7% in the first 9 months of 2020 acquires an even more significant value because, beyond the economic aspect, the Company today has its own recognisability that allows us to maintain our standards without compromising our characterizing principles, both in the artisanal creation of our collections and in the highly loyal relationship with our customers, which goes beyond the sale of a jewel.
Massimo Gismondi, CEO of Gismondi 1754

Alta gioielleria Gismondi 1754, collana e orecchini della collezione Essenza, in oro bianco, diamanti e zaffiri

Compared to the turnover figures by sales channel, the item Special Sales still stands out, that is the sale of bespoke jewelery strongly devoted to tailor-made which, “in an economically complex historical phase due to the coronavirus pandemic, testifies the strong between the brand and its customers “. Overall, however, all the sales channels hold, as evidence of an increasingly consolidated recognition of the value of the products that has allowed Gismondi 1754 not only to absorb the difficulties of the retail channel (the stores in Milan and Portofino in particular), in times of lockdown, but to achieve a growth in turnover for the period.

Collana della collezione Prato Fiorito, Gismondi 1754. Diamanti, zaffiri e smeraldi