De Longhi Spa (DELHF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.554 -- 00:00:03.457 Good afternoon. This is the course call conference operator. 00:00:03.457 -- 00:00:08.762 Welcome, and thank you for joining the DeLonghi first quarter 2025 00:00:08.762 -- 00:00:11.385 consolidated results. 00:00:11.385 -- 00:00:15.148 As a reminder, all participants are in listen-only mode. 00:00:15.148 -- 00:00:18.792 After the presentation, there will be an opportunity to ask questions. 00:00:18.792 -- 00:00:22.215 Should anyone need assistance during the conference call, they may signal an operator 00:00:22.215 -- 00:00:25.539 by pressing star and zero on their telephone. 00:00:25.539 -- 00:00:28.021 At this time, I would like to turn the conference over to Mr. 00:00:28.021 -- 00:00:32.147 Fabio DeLonghi, Chief Executive Officer of De'Longhi. 00:00:32.147 -- 00:00:34.808 Please go ahead, sir. 00:00:35.011 -- 00:00:40.639 Good afternoon, ladies and gentlemen, and welcome to the De'Longhi Group Quarter 1 2025 00:00:40.639 -- 00:00:45.867 Results Conference Call. Today, together with me, are Nicola Serafin, 00:00:45.867 -- 00:00:50.874 Group General Manager, Marco Cenci, Chief Planning and Control Officer, Stefano 00:00:50.874 -- 00:00:55.460 Biela, CFO, Samuele Chiodetto, Investor Relations Director and M&A Manager, and Sara 00:00:55.460 -- 00:00:58.842 Mazzucato, IR Specialist. 00:01:01.102 -- 00:01:06.810 Today, the Group Board of Directors meeting was held at the Accademia del Caffè 00:01:06.810 -- 00:01:12.578 Espresso of La Marzocco as an introduction from the new Board of Directors to the professional 00:01:12.578 -- 00:01:17.986 business, and also as a way to highlight the increasing relevance of this area 00:01:17.986 -- 00:01:21.832 in the group result and strategic choices. 00:01:21.832 -- 00:01:24.595 In this regard, ...