(Finance) – In 2024 De ‘Longhi has recorded Preliminary revenues Equal about 3.5 billion, up 14%, with a fourth quarter in acceleration at 18%. The group announces it, specifying that in particular in the fourth quarter the revenues are 1,268 million, an increase of 17.7% (+11.1% per constant perimeter). In the 12 months the revenues are equal to 3,497 million, an increase of 13.7% (+6.6% per constant perimeter).
Fabio de ‘Longhi, CEO of the Longhi group He commented: “In 2024 the group achieved a robust increase in turnover equal to 14%, in acceleration to 18% in the last quarter supported by a significant growth to constant perimeter, as well as the consolidation of La Marzocco which confirms the positive Momentum seen in the year. The evolution of revenues confirmed the structural growth trend for the sixth consecutive quarter On coffee and the renewed interest in the world of nutrition, and has highlighted in the last three months a growth in the Household sector equal to approx. 12%. These results again demonstrate the group’s ability to seize the opportunities of a structural expansion market, thanks also to the effectiveness of the investments dedicated to innovation and communication on brands. As anticipated during the year, we expect to create an improvement in marginality and a solid generation of cash, further strengthening the resources available to seize any external growth opportunities, in line with the diversification of the brand portfolio that took place in a strategic way in the recent years. The consolidation of growth dynamics, accompanied by the launch of new products and the recently announced medium campaigns, lead us to estimate a turnover for 2025 expanding between 5% and 7% for the new perimeter. As for the marginality of 2024, given the growth trend and taking into account the investments in communication supported in the quarter to support the recent product launches, we estimate an Adjusted Ebitda around 555 million euros “.
The complete consolidated results of the year 2024 will be submitted to the approval of the Board of Directors in the meeting scheduled for March 14, 2025.