Elica BoD approves the Q1 2023 results. “Despite a significant market decline, we are pleased to report results in line with expectations. Our approach has been focused on the long-term value, allowing us to defend margins in a market with low volumes and significant inflation. Additionally, we have continued our transformation and expanded our offerings to become more Cooking. In this environment, the “Own Brand” business is performing better than the market and our “Motors Division” continued to grow. Although the year ahead may be challenging, we are confident that we will come out even stronger and well prepared for the future.” commented – Giulio Cocci Elica CEO.