De Longhi Spa (DELHF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the Coruscall conference operator. Welcome and thank you for joining the De'Longhi Full Year 2025 consolidated results. As a reminder, all participants are in listen-only mode, and 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. Please go ahead, sir. Good afternoon, ladies and gentlemen, and thank you for joining the De'Longhi Group Conference call for our full year 2025 results. With me on the call today are Nicola Serafin, Group General Manager, Stefano Biella, CFO, Samuele Chiodetto, Investor Relations Director, and M&A Manager. Very pleased with the results delivered in 2025, which strengthen our standing as a global leader in the coffee industry, extending our reach across both home and professional areas while maintaining a significant presence in the domestic nutrition space. The market backdrop has been challenging over the last 12 months. On one hand, navigating a number of geopolitical events, and on the other, witnessing an evolving competitive scenario. In this complex context, the group was able to deliver solid revenue growth of 10.4% at fixed exchange rates, consistently supported by both divisions in all quarters of the year, while enhancing profitability in our financial position. Over the last two years, the group performance has been firmly aligned with the 26 strategic targets outlined during our 2024 Capital Market Day, as shown on slide five. Revenue growth has been driven by La Marzocco acquisition and by robust organic expansion, with margins consistently maintained ...