DeLonghi Q1 Report 2024

In the words of the C.E.O., Fabio de’ Longhi:

“The persistent growth of the coffee business, as well as the recovery of the nutrition and food preparation category, led to an organic increase in turnover at constant currencies in the high single digits for the third consecutive quarter. The consistency of trends, combined with the one-month consolidation of the business combination between La Marzocco and Eversys, enabled the Group to increase turnover by about 10%.

Highlights

  • revenues of € 658.8 million, up 9.4% (+5.9% on a like-for-like basis and +7.3% on a like for like basis and constant currencies);
  • adjusted2 Ebitda of € 93.8 million, equal to 14.2% of revenues (compared to 12.3% achieved in the first quarter of 2023);
  • a net income pertaining to the Group of € 51.3 million, equal to 7.8% of revenues (vs. 6.4% of first quarter of 2023);
  • a positive net financial position amounting to € 307.6 million, after the net absorption in relation to the closing of the business combination between La Marzocco and Eversys.

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