(Finance) – Il De’Longhi Group ended 2023 with consolidated revenues equal to 3,074.6 million of euros, down by 2.7% (-0.2% at constant exchange rates) compared to the previous year, while it recorded a robust organic growth in the fourth quarter, which ends with revenues at 1,076.8 millionup by 4.6% (+7.9% at constant exchange rates).
The CEO, Fabio de’ Longhihe underlined “over the year we were able to achieve a significant improvement in growth, profitability and cash generation trends for the Group. These results were the result of rigorous cost control, constant development of our brands and a careful investment strategy, in a context of gradual post-pandemic normalization.”
“We believe that the dynamics highlighted in recent quarters allow us to look to 2024 with cautious optimismestimating an expansion of revenues for the current perimeter at one low to mid single digit growth rate“.