(Alliance News) - Talea Group Spa announced Tuesday that it has approved consolidated revenue figures with reference to the first quarter of 2024, with adjusted consolidated revenues standing at EUR43.5 million, up 12 percent from EUR38.8 million at the end of March 2023.

Riccardo Iacometti - founder and CEO of Talea Group - commented, "The year 2024 opens with strong growth for our Group, confirming the strategic vision of development, which has seen us committed to major investments during 2023, such as the acquisition of seven leading websites in the Health, Wellness and Beauty sector."

"The significant increase in revenues recorded in this start of the financial year - up more than 12 percentage points compared to an already strong first quarter of 2023 and, above all, more than 46 percent compared to the last quarter of 2023 - is the result of our new commercial strategy, launched precisely during the last months of the past financial year, aimed at correctly positioning the diversified portfolio of brands that we now have on staff," Iacometti said.

"In light of these assumptions, the quarter leads us to be confident that 2024 can be confirmed for our group as a year of strong growth, consolidation and putting to good use all the important investments made on our industrial infrastructure," the CEO concluded.

Talea on Tuesday is rising 0.4 percent to EUR5.08 per share.

By Maurizio Carta, Alliance News reporter

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