Today, the Board of Directors of Banzai, Italy's first national e-Commerce platform, listed on the STAR segment of the Italian Stock Exchange, has approved the preliminary revenues as at 30 June 2016.
"In the first half of 2016 Banzai confirmed sharp growth in the GrossMerchandise Volume, which represents the value of the goods purchased by ourcustomers,including on the third partymarketplace," commented Pietro Scott Jovane, CEO of Banzai."The initial months of operation of the Home Service platformareshowing significant Customer Satisfaction (measured using Net Promoter Score) and growth in market share in theareas we already cover with the service.We expect the growth trend to continue in the second half of the year, in line with the guidance of 25-30% in terms of GMV, due to a further increase in the number of partnersoperating throughthe marketplace, the expansion of Home Service's coverage andtogether withan innovative TV advertising campaign to support the ePrice brand and services. I can also confirm the focus on improving the margin and operating CF, as indicated in the targetssetfor 2016. As a result of the disposal of Banzai Media, 2016 is expected to close with a net profit."
In 1H16,Banzai revenues came to Euro 105.9 million, +19.9% YoY net of the Vertical Content division. The GMV grew by 25.1% YoY to Euro 134.7 million. The weight of the Marketplace, launched in 2Q15 represented approximately 8% of the GMV in 1H16. Electronic Goods and Domestic Appliancesrevenues wereEuro74.3 million,up 27.8% YoY, driven by the expansion of the product range and of "premium" services in addition to the expansion of the Pick&Pay and Lockers network (117 and 290).