De Longhi Spa (DELHF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the Coruscant Conference Operator. Welcome and thank you for joining the De'Longhi First Half 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 the telephone. At this time, I would like to turn the conference over to Mr. Fabio De'Longhi, Chief Executive Officer of De'Longhi. Please go ahead, sir. Thank you. Good afternoon, ladies and gentlemen, and welcome to the De'Longhi Group Quarter 2 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. I'm delighted to report that the first half of 2025 showed a continuation of the positive trends established over the past two years, with widespread revenue growth across all main categories. This performance, characterized by robust growth and top-tier margins in both the home and professional divisions, reaffirms the effectiveness of our strategy for delivering sustainable medium-term growth. With regard to the professional division, in detail, the professional division delivered outstanding results with pro forma growth over 20% in both quarter one and quarter two, and an adjusted BDA margin above 25%. These metrics position the business combination among the leading high-growth and high-margin companies in the mid-cap space. The division, now representing 14% of total revenues and 24% of the Group BDA, benefited from double-digit growth from both of its brands. This is mainly d...