Elica has released its fourth‑quarter and full‑year 2025 results, offering a clear snapshot of a company in the middle of a major strategic shift—from a traditional range‑hood specialist to a broader cooking‑appliance player. The transition is underway, but it’s not without financial friction.

Steady Revenue Growth in a Challenging Market

For the full year 2025, Elica reported revenues of €461 million, a 1.6% increase compared to 2024. The final quarter contributed €111 million, with organic growth of 1.7%, signalling that demand held firm despite a competitive and promotion‑heavy environment.

This growth was supported by:

– Strong promotional activity across key markets 
– The rollout of new product lines 
– Continued investment in expanding the cooking‑appliance portfolio 

Margins Under Pressure as Transformation Continues

While top‑line performance remained positive, profitability took a hit. 
Elica’s EBITDA declined from €31 million to €28 million, bringing the margin down to 6%.

The company attributes this margin squeeze to:

– Heavy promotional spending across the sector 
– Costs linked to launching new products 
– Significant investments required to evolve from range hoods into full cooking solutions 

This shift is central to Elica’s long‑term strategy, but the financial impact is clearly visible in the short term.

From Profit to Loss: A Difficult Bottom Line

The most striking figure in the 2025 results is the bottom line. 
Elica closed the year with a net loss of nearly €5 million, a sharp reversal from the €2.6 million profit recorded in 2024.

The company remains confident that its transformation will strengthen its competitive position, but 2025 underscores the cost of that evolution.

What This Means for the Appliance Sector

Elica’s results reflect broader trends we’re tracking across the white‑goods industry:

– Brands expanding into full cooking ecosystems 
– Higher promotional intensity as competition tightens 
– Margin pressure as companies invest in innovation and product diversification 

Elica’s pivot toward integrated cooking appliances positions it well for future growth, but 2025 shows that the transition phase will require resilience—and continued investment.