De Longhi Spa (DELHF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the Coral School Conference Operator. Welcome and thank you for joining the De'Longhi First Half 2026 Consolidated Results Conference Call. 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 de' Longhi. Please, go ahead, sir. Thank you. Good afternoon, ladies and gentlemen, and thank you for joining the de' Longhi Group Conference Call for our first of 2026 results. With me on the call today are Nicola Serafin, Group General Manager, Stefano Bieda, CFO, Sandro Magnino, Group Planning and Control Director and Samuele Chiodetto, Investor Relations Director and M&A Manager. I'm really pleased with the strong set of results we delivered in the first half of 2026, driven by exceptional momentum in the professional division and consistent positive organic growth in the household division. Despite ongoing market and geopolitical uncertainties, we successfully overcame these headwinds delivering solid revenue growth and higher profitability. In light of these achievements, it was a great honor to celebrate our 25th anniversary as a public company. Last week, over the past quarter century, the group has built an extraordinary track record, scaling revenues from under 1 billion euro to an expected record near 4 billion in 2026 and expanding net profits tenfold. These long-standing achievements have been driven by sustained, robust organic growth combined with pivotal high-impact acquisitions. We have continuously adapted our strategy to meet e...