De'Longhi (DLG) Q4 2025 TU earnings summary

Executive summary

• Achieved 8.7% revenue growth in 2025 (10.4% at constant exchange rates), continuing a strong growth trajectory across all quarters and regions.

• Both professional (+32.2% pro forma) and household (+4.8%) divisions contributed, with coffee products and innovation as key drivers.

• Asia-Pacific returned to growth, led by China, while Europe maintained consistent momentum.

Financial highlights

• Total revenues reached €3,801.5 million, up 8.7% year-over-year.

• Professional division revenues rose 46.1% to €489.1 million; household division set a record at €3,318.6 million (+4.8%).

• Fourth quarter revenues were €1,340.0 million, up 5.7% year-over-year.

Segment performance

• Europe: 9.1% revenue growth for the year, with strong contributions from both divisions and new market expansions.

• MEIA: 11.2% growth, supported by double-digit expansion at constant exchange rates.

• Americas: 5.1% growth, with coffee machines offsetting Nutribullet weakness.

• Asia-Pacific: 10.8% growth, with standout performance in China, Australia, and New Zealand.

• Coffee segment saw high single-digit growth; nutrition segment declined mid-single digits due to US market slowdown.

• Braun ironing systems achieved double-digit growth for the third consecutive year.