Q1 2026 De' Longhi SpA Earnings Call Transcript

May 12, 2026 / 10:59 AM GMT

Release Date Price: €35.74 (+3.18%)

Transcript

Key Points

Positve

De'Longhi SpA (DELHF) reported a solid start to 2026 with significant revenue growth and improved profitability.
The professional division achieved over 40% revenue growth, driven by the strategic combination of La Marzocco and Eversys.
The Americas region recorded an 18.2% growth at constant exchange rates, supported by strong performance in both professional and household segments.
The company has a robust pipeline of new product launches, particularly in the coffee segment, which is expected to drive future growth.
De'Longhi SpA (DELHF) maintained a strong net financial position with a significant improvement over the previous year, allowing for flexible capital allocation strategies.

Negative

The household division experienced a slight decline in revenue, impacted by unfavorable exchange rates and microeconomic challenges in certain regions.
There was a negative impact from additional tariffs in the US market, amounting to approximately EUR4 million.
Free cash flow before dividends, share buybacks, and acquisitions was negative for the quarter, driven by typical seasonality in net working capital.
The company faced challenges in the Gulf countries due to geopolitical uncertainties, which could impact future performance.
The household coffee segment showed flattish trends, with growth hindered by overstocking issues at the beginning of the year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DLG.MI - De' Longhi SpA
Q1 2026 De' Longhi SpA Earnings Call
May 12, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Coruscal conference operator. Welcome and thank you for joining the De Longhi first quarter 2026 consolidated results. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Fabio De Longhi. Chief Executive Officer of Delonghi. Please go ahead, sir.

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Unidentified_2 [2]
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Thank you.

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