The Board of Directors of De’ Longhi SpA approved today the consolidated results of the first
quarter of 2022: We are very satisfied with the results of this first quarter, even more significant in light of the difficult comparison with last year. Our group is responding with determination to the numerous challenges posed by a complex and evolving macroeconomic and geopolitical scenario, however, we remain convinced that the strategy of focusing on the core categories, of geographical development and of constant investment in products and our brands, remains the winning strategy for the creation of value in the long term” commented CEO, Massimo Garavaglia.
revenues up 8.4% to € 735.5 million (+ 5.5% on a like-for-like basis1); an adjusted2 Ebitda of € 100.1 million, equal to 13.6% of revenues, comparing with 18.9%
of Q1-2021 (but improving vs. the 10.7% of 2020);
an Ebit of € 69.1 million, equal to 9.4% of revenues compared to 14.9% of the previous
a net profit of € 50.6 million, equal to 6.9% of revenues;
a positive net financial position of € 274.6 million, resulting from the contribution of the
12 months free cash flow (before dividends and acquisitions) of € 170.7 million.