Italy · Delayed Price · Currency is EUR De'Longhi Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results featured 8% organic revenue growth, margin expansion, and robust cash flow, led by the Professional division's >30% growth and Household's return to mid-single digit gains. Full-year guidance was raised, with risks mainly from geopolitical and cost pressures.
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Strong Q1 2026 results driven by 40% growth in the professional division and resilient household performance, with robust Americas and Asia Pacific contributions. Guidance for mid-single-digit revenue growth and EUR 640–660 million adjusted EBITDA reaffirmed, despite geopolitical and tariff risks.
Fiscal Year 2025
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Revenue grew 10.4% at fixed FX, with strong professional and household division performance. Adjusted EBITDA margin rose to 16.4%, and 2026 guidance targets mid-single-digit growth amid currency and cost headwinds. M&A and buybacks remain capital allocation priorities.
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Q3 2025 saw double-digit revenue growth and record margins, with both divisions outperforming the market. Raised full-year guidance reflects strong momentum, despite tariff and cost headwinds. Professional Division led with over 40% growth and margins above 25%.
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Strong H1 2025 growth driven by both divisions, with Professional achieving over 20% pro-forma growth and high margins. Upgraded guidance sees 6–8% revenue growth and €590–610M adjusted EBITDA, despite tariff and macro headwinds.
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Q1 2025 saw 14.6% revenue growth, driven by strong household and professional divisions, with margins and cash position improving. Guidance for 2025 is reaffirmed despite tariff headwinds, as mitigation strategies and global diversification support resilience.
Fiscal Year 2024
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2024 saw double-digit revenue and EBITDA growth, record cash flow, and a strengthened market position, especially in coffee and nutrition. Outlook for 2025 is positive, with 5–7% turnover growth and continued margin resilience despite tariff headwinds.
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Q3 2024 saw 14% revenue growth, margin expansion, and strong cash flow, led by coffee and nutrition segments. Full-year guidance was raised, with robust U.S. and European performance, and La Marzocco and new product launches driving results. La Marzocco and Eversys integration, plus new Nespresso markets, support future growth.
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Q2 2024 saw 11% revenue growth, margin expansion, and strong cash flow, driven by coffee and nutrition segments and the La Marzocco acquisition. Guidance for 2024 is reaffirmed, with robust performance expected despite ongoing macroeconomic uncertainty.