De’Longhi ends 2023 with an 82% increase in net profit

Fourth quarter with clear growth allowed De’Longhi to surprise the markets with an expanding balance sheet in terms of margins and cash generation the Group increased sales by 4.7% (8% at constant exchange rates) with Ebitda margins equal to 16.6% of revenues (a marked improvement compared to 14.6% last year). In the 12 months, turnover fell by 2.6% (-0.2% at constant exchange rates) but Ebitda went from 11.5 to 14.4% of revenues.Net profit almost doubled from 364 to 663 million euros and 40% will be turned over to shareholders who will receive a dividend of 0.67 euros.The growth of Eversys’ professional coffee machines was significant, maintaining a sustained expansion trend throughout the year, achieving a turnover of over 30% in the twelve months.

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