March 13th 2026
FY & Q4 2025 Results
In this presentation:
"Adjusted" stands for before non recurring items and cost of the share-based incentive plans
"Constant exchange rates" means excluding the effects of exchange rates' variations and of hedging derivatives;
"pro-forma" means including the consolidation of La Marzocco for 12 months in 2024;
"ForEx" or "FX" stand for Foreign Exchange Rates;
"M" stands for million and "bn" stands for billion;
"Q4" stands for fourth quarter (October 1st- December 31st);
"12M" stands for twelve months (January 1st- December 31st);
"NWC" stands for Net Working Capital;
"Capex" stands for capital expenditures, i.e. investments in fixed assets;
"FCF" stands for free cash flow before dividends, Buyback and M&A;
"Professional division" means the business combination between La Marzocco & Eversys;
"Household division" includes the business not part of the professional division.
ca.
FY & Q4 2025 Results
Through proactive measures, we limited the net impact in 2025 to M€10-€15
Total
Other
China
Europe
South East Asia
US sourcing expo. (%)
Unlocking greater flexibility through supply chain reorganization
Implementation of price increases effective from H2 2025
Strategic inventory build-up in early 2025
▪
▪
▪
US mitigation plan
Data based on management accounts 4
Expected growth at
high single digit:
>La Marzocco consolidation;
>Mid-single digit growth
Expected adj Ebitda margin FY26 ranges from 15.7% - 16.7%
Average FCF (before DVD; BB; M&A) expected to be in a range of
€280-320 M per year
Revenue CAGR'24-'25 of 11%, reflecting La Marzocco consolidation and strong underlying trend
adj Ebitda margin FY25 at 16.4%
Cumulated '24 - '25 FCF
(before DVD; BB; M&A)
at €M 800
5
FY & Q4 2025 Results
KEY PRODUCT LAUNCHES OVER PAST 12 MONTHS: HOME COFFEE
DèLonghi Group
Prima Donna Aromatic
La Specialista Touch Dedica Duo
Eletta Ultra
FY & Q4 2025 Results
FY & Q4 2025 Results
DèLonghi Group
YoY
at constant fx
Solid performance, sustained by 6.5% organic growth in household and a 30%+ pro-forma acceleration in professional
+40bps margin expansion, driven by professional division expansion and almost stable household margins (ex-tariffs)
Further balance sheet strengthening provides maximum strategic flexibility for capital allocation
Solid FCF generation supporting a disciplined capital allocation strategy with over €300M in dividends and
€61M buyback in two years
FY & Q4 2025 Results
+32.0% pro-forma
at constant fx
Professional Coffee
Up double digit
FY & Q4 2025 ResultsReported figures
Home Coffee
Including accessories
Nutrition
Other
Up high single
digit
Down mid-single
digit
Up low teens
FY & Q4 2025 Results
MEIA
Up high-single
digit to low-teens
Up mid- teens
APAC
Up high-single digit to low teens
Up high-teens
America
Up mid-single digit
Up high-single
digit
Europe
Reported figures
Constant FX
Up high-single digit
Up high-single
digit
FY & Q4 2025 Results
In the quarter:
Adjusted EBITDA was €625 million, representing 16.4% of revenues, an improvement of 40 bps over last year. This was supported by a higher contribution from the professional division, while the household division margin remained nearly in line with the prior year, excluding the impact of tariffs.
FY & Q4 2025 Results
Among others:
- Higher labour and logistic costs
-
US duties
FY & Q4 2025 Results
Among others: - Higher labour and logistic costs
- US duties
- Higher media & advertising
FY & Q4 2025 Results
In December 2025, the Group's Net Cash Position stood at € 770 million, an
improvement compared to € 643 million in 2024;
Free Cash Flow (before dividends, buybacks, and acquisitions) was positive at €384 million, with Capex at approximately €101 million and a working capital (WC) absorption of roughly €85 million:
During 2025, the Group distributed €197 million in dividends and executed a share
buyback totalling €61 million.
FY & Q4 2025 Results
NET CASH FLOW (FY 2025)
DèLonghi Group
384
(59)
770
NFP @ 31Dec24 | Cash flow | Cash fiow | Capex | Other | FCF before dividends, | Dividends, buyback | NFP @ 31Dec25 |
from current operations | from NWC | buyback and M&A | & M&A |
Household business growth, capitalizing on positive coffee market developments and expanding categories through product innovation and strategic A&P investments
Professional coffee expansion, sustained by structural tailwinds, including rising global consumption, specialty shop proliferation, and a shift toward premiumization
Volume expansion coupled with a better mix
Continued investment in A&P to support growth, while optimizing cost incidence on revenues
Controlled Opex increases to strengthen the organizational structure
Investor Relations:
Samuele Chiodetto, Sara Mazzocato
T: +39 0422 4131
e-mail: investor.re!ationsOdelonghigroup.com
Media relations:
T: +39 0422 4131
e-mail: media.re!ations@delonghigroup.com
On the web:
www.de!onghigroup.com
| Attenzione: Questo è un estratto del contenuto originale. Per continuare a leggere, accedi al documento originale. |