De' Longhi confirms guidance for the current year after ending the first quarter with revenues and margins up from 2023.

In the January-March period, revenues were €659 million, up 9.4 percent from the same period in 2023, and net income attributable to the group was about €51 million (+32.5 percent), accounting for 7.8 percent of revenues from 6.4 percent in Q1 2023.

Adjusted Ebitda was 94 million, 14.2% of revenues compared to 12.3% in Q1 2023.

The quarter's results reinforce expectations of adjusted Ebitda around 500-530 million and revenue growth between 9% and 11% for 2024, commented CEO Fabio de' Longhi.

Full press release

(Antonella Cinelli, editing Claudia Cristoferi)