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De' Longhi lifts 2026 earnings guidance range

By Reuters News

Nov 11 (Reuters) - Italian appliance maker De' Longhi DLG.MI raised its full-year earnings guidance for the second time this year on Wednesday, after posting better-than-expected results for the third quarter.

The company, known for its coffee machines, now expects adjusted EBITDA to come in a €685 million to €705 million range ($765 million - $787 million). It had previously raised its forecast in July to a €670 million-€690 million range.

Shares were up 2.8% at 1225 GMT after rising as much as 4.7% to a fresh record high, and extending year-to-day gains to around 31%.

  • "The Group delivered its thirteenth consecutive quarter of organic revenue growth," CEO Fabio De' Longhi said in a statement

  • Quarterly revenue rose 7.7% to €944.9 million, above a company-provided consensus of €921 million, helped by growth at both its professional and household divisions

  • Adjusted EBITDA came in at €171.6 million, above a company-provided consensus of €159 million

  • Revenue at the professional business rose 36.2%, while at the household division by 2%, driven by the home coffee segment


($1 = 0.8957 euros)

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