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De' Longhi, 2022 difficult year saved by Brad Pitt

Profits down (-9.7%) but sales over 3 billion thanks to investment in advertising

De' Longhi, the Treviso-based company specializing in coffee machines and small household appliances, has approved its fiscal year 2022 financial statements, which closed with revenues down 2% (-5.9% at constant exchange rates) to €3.16 billion. Net income stood at €177.4 million, or 5.6% of revenues, down from 9.7% in 2021: adjusted ebitda is at €363 million, 11.5% of revenues (in 2021 it was 16% o...

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EFA News - European Food Agency