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De'Longhi (DLG) investor relations material
De'Longhi Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY 2025 revenues grew 10.4% year-over-year at constant FX, driven by strong organic growth in both household and professional divisions, with professional division accelerating over 30% pro-forma.
Adjusted EBITDA margin reached 16.4%, up 40bps, supported by professional division expansion and stable household margins excluding tariffs.
Net financial position improved to €770 million, providing strategic flexibility for capital allocation.
Free cash flow before dividends, buybacks, and acquisitions was €384 million for the year.
Maintained strong operational performance, generating significant free cash flow and delivering attractive shareholder returns.
Financial highlights
FY 2025 revenues: €3,801.5 million, up 8.7% year-over-year; Q4 revenues: €1,340 million, up 5.7%.
Adjusted EBITDA: €625.1 million (16.4% margin), up 11.7% year-over-year.
Adjusted net income: €368 million, up 10.4% year-over-year; net income: €341.4 million, up 5.1%.
Net working capital at -€149.4 million; net cash position at €770 million, up €126.8 million from prior year.
Capital expenditures totaled €101 million, down €27 million from 2024.
Outlook and guidance
Projecting mid-single-digit revenue growth for 2026, consistent with medium-term targets.
Adjusted EBITDA expected in the €640–660 million range for 2026.
Household segment expected to be flattish at constant currency, with professional division driving growth.
Guidance incorporates potential currency headwinds, incremental A&P investment, and logistics/labor cost increases.
Ongoing monitoring of geopolitical uncertainties and macroeconomic impacts.
- Double-digit revenue and profit growth in H1 2024, led by coffee and professional segments.DLG
Q2 20242 Feb 2026 - 2025 revenue rose 8.7%, led by professional and household division growth across all regions.DLG
Q4 2025 TU28 Jan 2026 - Q3 revenue up 14%, guidance raised, and strong coffee and premium segment growth seen.DLG
Q3 202415 Jan 2026 - Record revenue, margin, and cash flow in 2024; strong 2025 outlook despite tariff risks.DLG
Q4 202426 Dec 2025 - Q1 2025 saw robust revenue and margin growth, with 2025 guidance confirmed despite tariff risks.DLG
Q1 202518 Nov 2025 - Record revenue and margin growth prompt raised full-year guidance, led by coffee segments.DLG
Q3 202515 Nov 2025 - Upgraded 2025 guidance follows 11.3% H1 revenue growth and margin expansion.DLG
Q2 202529 Aug 2025
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