De Longhi Spa (DELHF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the call school conference operator. Welcome and thank you for joining the DeLonghi Third Quarter 2025 Consolidated Results Conference Call. As a reminder, all participants are in this morning 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 Fabio DeLonghi, CEO of DeLonghi. Please go ahead. Good afternoon, ladies and gentlemen, and thank you for joining the Delonghi Group conference call for our third quarter 2025 results. With me on the call today are Nicola Serafin, Group General Manager, Marco Cenci, Chief Planning and Control Officer, Stefano Biella, Chief Financial Officer, Samuele Chiodetto, Investor Relations Director and M&A Manager, and Sara Mazzucato, IR Specialist. Very pleased once again with a strong set of quarterly results delivered by the group, confirming the positive momentum of the recent periods and strengthening of our position as an industry leader. The solid performance in the quarter is evidenced by robust 11.5% growth at constant Forex and a record adjusted BDA margin of 16%. The Household Division continued its strong trajectory, achieving 7.6% growth at constant effects and outperforming the market, while the professional division further accelerated its expansion across both its brands. Providing a detailed breakdown, the professional division again posted solid results, with remarkable organic growth of over 40%, This was sustained by strong market dynamics for the business combination, reinforcing the position for both La Mazzocco and Avesis as leading high-growth, high-margin companies in the mid-ca...