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18 May, 2010

Buongiorno Q1 2010 Earnings

Posted by: admin In: Uncategorized

Buongiorno announced on Friday the results for Q1 2010: consolitated revenues are down 11.5%, but good news comes from EBITDA (up 3%), and net profit (up 109% to 3.2 million)

The loss in revenues is due to the B2B division which is loosing 33% compared to Q1 2010. B2C is growing by 9.5%

Buongiorno revenues q1 2010

As you can see, the most impacted region was Spain (mostly in the b2b segment) and UK, probably loosing a lot of the impact of the Itouch brand (which was acquired back in 2007)

buongiorno revenues q1 2010 for region

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