Q3 2022 De' Longhi SpA Earnings Call Transcript

Nov 10, 2022 / NTS GMT
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the De'Longhi Third Quarter 2022 Consolidated Results Presentation. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Fabio De'Longhi, CEO. Please go ahead, sir.

Fabio de'Longhi - De'Longhi S.p.A.-Vice Chairman&CEO

Good afternoon, ladies and gentlemen, and welcome to the De'Longhi Group's 9 Months 2022 Results Conference Call. Today, together with me are Marco Cenci, Chief Strategy and Control Officer; Stefano Biella, CFO; Fabrizio Micheli, Director of M&A and IR; and Samuele Chiodetto, Investor Relator.

The group ended the first 9 months of the year with revenues substantially in line with the record levels reached in 2021. Although, in the last two quarters, the results were affected by many headwinds, of which some are temporary and others are originated from exogenous events. In particular, the group's performance was impacted by three

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