De’Longhi Group closed 2017 with a revenue of 2,011 million euro. The results corresponds to an increase of 8.4% compared to previous year. The fourth quarter was particularly positive, with a growing of 8.3% and a revenue of 747 million euro.
«I’m very pleased to have ended year 2017 with revenues on a solid growth path, in line with our targets and with the guidance shared with the market. – said Fabio De’Longhi – such goal was also made possible by the increased investments incurred by the Group on R&D, on communication, on our factories and our distribution network. Furthermore, we are confident that the medium term effectiveness of said investments will allow us to pursue organic growth in 2018 too, at a rate in the mid-to-high single digit area.» As regards product lines, coffee makers were standing out and growing at a double digit rate, thanks to the positive contribution of all categories, above all full-auto and Nespresso machines, the latter ones benefitting from the new distribution agreements for USA and Switzerland. Within the cooking and food preparation segment – which declined at a mid single digit rate – Braun’s hand-blenders were growing (at a high single digit rate) as well as contact grills (at a high double digit rate, thanks to the launch of new models). Lastly, comfort products (portable heaters and air conditioners) marked a slight increase, while home care products showed a decline.
