De Longhi Spa (DELHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the course call conference operator. Welcome, and thank you for joining the DeLonghi first quarter 2025 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 DeLonghi, Chief Executive Officer of De'Longhi. Please go ahead, sir. Good afternoon, ladies and gentlemen, and welcome to the De'Longhi Group Quarter 1 2025 Results Conference Call. Today, together with me, are Nicola Serafin, Group General Manager, Marco Cenci, Chief Planning and Control Officer, Stefano Biela, CFO, Samuele Chiodetto, Investor Relations Director and M&A Manager, and Sara Mazzucato, IR Specialist. Today, the Group Board of Directors meeting was held at the Accademia del Caffè Espresso of La Marzocco as an introduction from the new Board of Directors to the professional business, and also as a way to highlight the increasing relevance of this area in the group result and strategic choices. In this regard, let me emphasize that the professional coffee area, now accounting for 13% of total business, grew on a pro forma basis by approximately 22% in the quarter, reflecting a double-digit increase for both companies. Avisis has seen a business recovery in major areas compared to last year, including China, while Amazoco has benefited from the continuation of upward trend in commercial machines, along with a remarkably strong development pattern in the home space that is yielding positive results in terms of growth. Last month at Milano Design Week, La Marzocco celebrated its home espre...