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De' Longhi Group: growing in the high-teens in the third quarter

Higher digits than the estimates made at the end of the first half

The De 'Longhi Group, one of the players in the small household appliance sector dedicated to the world of coffee, cooking, air conditioning and home care, estimates strong growth in sales in the high-teens in the third quarter. Forecasts based on sales for the past months, July and August.

The summer period reported higher digits than the estimates made at the end of the first half. An acceleration not without risks and uncertainties for the future, also considering today's macroeconomic scenario. Nonetheless, the current sales development, reinforced by the actions taken to support the business, allows management to raise sales guidance for the year. While in the first quarter the estimated growth was at a "mid-single digit" level, today it has moved to the "mid-to-high single digit".

Among the main objectives of the Group, which is active in more than 120 markets around the world, is the medium-term consolidation of its presence at a global level, through investment plans for new products, marketing and communication.

"In this difficult external context, the health and well-being of our employees remain a priority in all offices and factories, in Italy and abroad, keeping the prevention measures implemented since the beginning of the year high and continuing to adopt, where possible, the agile way of working ", reads a press release from the company. The Group periodically provides updates on the performance of the company. The data for the third quarter will be announced on 10 November, as foreseen by the financial calendar available on the company's website.

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EFA News - European Food Agency