De’Longhi ‘s earnings in 2024 will be even better than expected: the company has raised its guidance for the year, estimating revenue growth in the range of 11%-12% in 2024 versus the previous 9%-11%, with an adjusted EBITDA of between 540-550 million euros versus the 500-530 million previously expected.The group’s net profit for the first nine months was 173.8 million euros, equal to 7.8% of revenues, improving from 7.1% previously and with an increase of 22.2%. In addition, De’ Longhi generated a positive cash flow, before dividends and extraordinary transactions, of 35.6 million euros.
As of September 30, 2024, the Group’s net financial position was positive at 266.1 million euros
Category Archives: SDA
Kenwood Go
New collection of compact kitchen appliances that will save counter space and keep the kitchen counter free of cables The series consists of three products; the kitchen machine Go, electric whisk Quickmix Go and the food processor MultiPro Go. All three should take up minimal space and have a stylish design in the color shower storm blue with clean lines. The devices are light with an ergonomic handle and a separate handling system, EasyStore, for cables. The Go kitchen machine has a height of 30 cm and can be placed in a cupboard or drawer. It has a motor power of 800 watts so that it can handle everything from crispy breadsticks, buttercream, pizza dough and cakes. The design should free up space around the mixer and an intuitive controller is located in the middle of the front. The QuickMix Go whisk comes with an all-in-one storage lid that will keep all parts and the cord in one place. It has a power of 350 watts and five different speeds. The MultiPro Go food processor has a height of 30 cm and a weight of less than two kilograms. It can chop, slice, blend, grate and knead. Separate storage for knives and cutting discs when not in use.
Hamilton Beach European distribution
Hamilton Beach has chosen EPE Group as their exclusive distribution partner for UK and Europe bringing one of the world’s most respected small appliance brands to even more households.
EPE Group With over 100 years of small appliance expertise, Hamilton Beach is a household name known for innovation and quality. EPE Group, are dedicated to extending that legacy, backed by their extensive distribution network and market reach. We understand the power of trusted partnerships in bringing premium products to consumers efficiently, consistently, and with top-notch service.
Groupe SEB financial update
Groupe SEB releases its 2024 nine-month sales and financial data Solid Growth in Q3 on a demanding comparison base, full-year outlook confirmed: ✅Nine-month sales: €5,725m, +5.6% LFL* and +3.5% reported ✅ Third-quarter sales: €1,985m, +4.0% LFL and +3.4% reported ✅Nine-month Operating Result from Activity: €444m, +14% ✅Nine-month operating margin: 7.8% vs 7.0% in 2023 ✅Outlook for 2024 confirmed: – Organic sales growth of around 5% – Operating margin close to 10% *On a like-for-like basis (organic) 📣“Sales momentum was strong in the first nine months of the year, and we continue to generate robust organic growth in the third quarter. Small Domestic Equipment markets have remained buoyant in recent months. In this context, the Group’s sales growth accelerated and was bolstered by the rollout of innovations, in particular in Western Europe and North America. Sales in Professional decreased compared to an exceptional third quarter last year, reflecting the phasing of large deals rollout. The core business excluding large deals, however, has seen a noteworthy increase over the quarter. Our Operating Result from Activity rose by 14% over the nine-month period.
Severin is launching a pizza Oven
SERICO PG 8575 pizza oven, up to 400 degrees
A good pizza cooks quickly and strongly. With this oven, Severin offers a perfectly cooked pizza in less than 5 minutes. Severin technology allows temperatures of up to 400 °C to be reached. The digital display offers a quick selection to access one of the three automatic pizza programs, while the triple-glazed door ensures perfect safety.
The oven is equipped with a stone for pizzas up to 30 centimetres in diameter, but also with a complete kit that includes a grill plate and a hot air basket. Both transform the compact oven into a grill or hot air fryer. Other integrated automatic programmes ensure that steaks, potato wedges and vegetables are cooked at the touch of a button.
Morphy Richards Cassini kettle
The Morphy Richards Cassini Jug Kettle was a standout at the Exclusively2024 trade show, captivating attention with its unique design.
**Elegantly crafted**, this 1.7-litre kettle boasts a **hexagonal raised relief pattern** that adds a touch of sophistication. Its **modern curves** and **fashion-forward color combinations** render it not just an appliance, but a statement piece that enhances any kitchen countertop. Designed to coordinate with a **4-slice toaster**, it creates a harmonious look in any culinary space. The kettle’s **ergonomic handle** and **precisely engineered spout** ensure a smooth and spill-free pouring experience. Additionally, the **3kW heating element** guarantees a quick and efficient boil, making it as practical as it is stylish.
De’Longhi expects growth in turnover and margins
The three-year period 2024-2026 the Treviso group expects an average annual growth of 7-9% in turnover and gross margins of 15-16% company writes that it expects a continuation of the favorable growth dynamics of the coffee machine segment, in particular those capable of processing coffee beans. Growth is also expected in the Nutrition area
, both in the world of products for domestic and professional use, as well as from the opportunities coming from the nutrition area thanks to the international development of the Nutribullet brand. De’Longhi also foresees expansion opportunities in other categories such as ironing.
De’Longhi Reports First Quarter 2024 Earnings
Key Financial Results
Revenue: €658.8m (up 9.4% from 1Q 2023).
Net income: €51.3m (up 33% from 1Q 2023).
Profit margin: 7.8% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue.The persistent growth of the coffee business, as well as the recovery of the nutrition and food preparation category, led to an organic increase in turnover at constant currencies in the high single digits for the third consecutive quarter. The consistency of trends, combined with the one-month consolidation of the business combination between La Marzocco and Eversys, enabled the Group to increase turnover by about 10%”, commented CEO Fabio de’ Longhi.
Seb group posts sales at +7.3% in the first quarter
The small household appliances market is doing better than that of large household appliances and the figures published by Groupe Seb confirm this trend. The French leader announces sales of €1,893 million for the first quarter of 2024, an organic increase of 7.3the first quarter, Groupe Seb achieved sales of €1,893 million, an organic* increase of 7.3% and 3.9% based on published data. The currency effect remains penalizing over these first 3 months with a negative impact of €75 million, or -4% of sales, but this trend should ease over the months. The scope effect has a positive impact of 0.7% or €13 million. The latter includes the consolidation of La San Marco, Pacojet and Forge Adour.
Yonanas 100% fruit ice machine is now making its way to Europe
After a decade of popularity in the United States, the Yonanas 100% fruit ice machine is now making its way to Europe this appliance empowers consumers to whip up their own wholesome fruit ice creams swiftly and effortlessly, using just frozen fruits.
The ice cream produced by this device is inclusive for a broad audience, as it’s free from dairy, eggs, added fats, nuts, soy, and minimizes sugar and additives.
Designed for ease of use and simple cleaning, the machine comes in two models: Classic and Deluxe. The Classic model includes 36 ice cream recipes and is priced at €79.90. The Deluxe version, available in red and black with a stylish chrome centerpiece and a robust motor, offers an expanded recipe book of 75 ice creams, retailing at €129.90.
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