DeLonghi Q3 Report 2023

Revenues amounted to €706.6 million in the third quarter, an increase of 3.3% with respect to the same period of 2022. The performance was impacted by a negative exchange effect, net of which growth would have reached 8.1%.
The positive dynamics of the second and third quarters helped to bring revenues to €1,997.8 million in the nine-month reporting period and limit the decrease to 6.1% (-4.2% at constant exchange rates).

EBITDA before non-recurring income (expenses)/stock option costs came to €105.0 million (14.9% of revenues) in the third quarter of 2023, showing strong acceleration compared to the same period of 2022 (€62.9 million, 9.2% of revenues), and to €265.1 million (13.3% of revenues) in the first nine months of 2023 which was again higher both numerically and as a percentage of revenues compared to the same period of 2022 (€212.0 million or 10.0% of revenue).

Revenues rose 3.3% in the third quarter of 2023 to €706.6 million (+8.1% at constant exchange rates). This recovery, combined with the positive dynamics already seen in the second quarter, made it possible to record revenues of €1,997.8 million in the nine-month reporting period, a drop of 6.1% against the comparison period (-4.2% at constant exchange rates) which attests to the Group’s ability to react in a complex environment