Gismondi 1754 closed the first half of 2026 with production value up 16% to €6.67 million. The result mainly reflected a significant shift towards wholesale, whose share of revenue increased from 23% to 59%.
Key figures
- €6.67 million — production value, +16%.
- €4.79 million — gross margin, +1%.
- €0.68 million — EBITDA, broadly stable.
- 10% — EBITDA margin, versus 12%.
- About €123,000 — consolidated net result.
- €4.0 million — net financial debt, down 11%.
A different sales mix
Wholesale sales almost tripled, while retail’s share fell from 32% to 16%. The shift increased cost of sales and reduced the percentage margin, although operational efficiency and cost control kept EBITDA broadly unchanged.
Outlook
Management expects full-year revenue to grow compared with 2025, with a stable operating margin and a positive net result.
The company
Gismondi 1754 is a Genoa-based high-jewellery company listed on Euronext Growth Milan.
Primary source: Gismondi 1754 Investor Relations, consolidated interim report published on 25 September 2026.