(Alliance News) - Alfonsino Spa on Tuesday announced the completion of the integration process of its proprietary Rushers platform within its business model.

Specifically, on the sample of orders fulfilled in the business period from October 1, 2023 to December 31, 2023 - amounting to 51,231 orders related to the Food segment - the Rushers model resulted in a 276 percent increase in margin per order from a margin per order of EUR1.26 in the traditional model to EUR4.63 in the new model.

The company specifies that as of February 1, 2024, the new marketplace dedicated to deliveries has taken over all orders from the "Food" division, which is dedicated to the delivery of convenience foods and substantially accounts for the majority of the volumes produced company-wide, operating in all centers where the company is active.

Also reported was the exclusion from the calculation of orders fulfilled in "Take-Away" and orders related to the "Groceries" division, which instead fall under the management level still under the previous model.

Carmine Iodice, CEO of Alfonsino, commented, "We are overjoyed to announce the completion of work on the integration process of the new business model. This is an achievement that fills us with pride and satisfaction, the child of the collective effort and resilient approach of the entire corporate structure."

"The extraordinary results achieved by the management of Rushers in the observation period, with an increase in margin per order of 276 percent, confirm the goodness of the project, restoring great confidence and serenity in the pursuit of our objectives in view of the ever-closer financial sustainability. Given the almost total autonomy of the platform on Alfonsino's operations we will now proceed with its commercial positioning, with the aim of making it one of the leading benchmarks at the industry level."

Alfonsino is up 7.7 percent to EUR0.67 per share.

By Claudia Cavaliere, Alliance News reporter

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