DeLonghi Q3 Report 2022

Margins were also impacted by a worsening of the product/market mix, as well as inflationary pressures on the cost of materials, energy and the supply chain, partially offset by price management policies.

As for margins, in addition to the trend in revenues, the first nine months of 2022 were impacted by nonrecurring costs stemming from the high level of inventory caused by the sudden change in market conditions. There were production inefficiencies caused by internal manufacturing which was slower than usual, higher costs for warehousing and managing the inventory of both components and finished products.

Margins were also impacted by a worsening of the product/market mix, as well as inflationary pressures on the cost of materials, energy and the supply chain, partially offset by price management policies.