(Alliance News) - Riba Mundo Tecnología SA reported Thursday that it closed the first nine months with rcavi up to EUR306.2 million from EUR224.4 million in the same period last year.

The number of orders increased from 20,252 in the first nine months of 2022 to 37,833 in the first nine months of this year while the number of units sold increased from 1.8 million units as of September 30, 2022 to 2.6 million units as of September 30 this year.

The revenue growth is mainly due to increased sales in product categories other than Riba Mundo's core business and increased recurring orders from loyal customers.

Marco Dezi, CEO of Riba Mundo Tecnología SA, said, "We are satisfied with the excellent results we have achieved in terms of our commercial and distribution policy, both in terms of product diversification and in terms of the retention of our recurring customers, thanks to our IT services, which allow us to have a real-time view of changes in prices and available quantities and thus testify to the validity of our business model."

Riba Mundo Tecnología's stock closed Thursday unchanged at EUR19.80 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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