De’Longhi Full-Year Report 2023
In the words of the C.E.O. Fabio de’ Longhi: “In 2023, the Group once again demonstrated its ability to seize market opportunities, achieving organic growth at a high single-digit rate in the second half of the year, supported by its ongoing expansion of the coffee machines category and the path back to growth of the nutrition and food preparation sector.
- revenues of € 3,075.9 million, down by -2.6% (-0.2% at constant fx);
- adjusted Ebitda of € 444.2 million, equal to 14.4% of revenues (compared to 11.5% in 2022);
- net profit (attributable to the Group) of €250.4 million, up by 41.1%;
- positive net financial position of € 662.6 million, a marked improvement of €363.8 million compared to the end of 2022.