Earnings call transcript: De’Longhi lifts 2026 outlook after strong Q3 growth

De’Longhi Group reported a 7.7% increase in third-quarter sales on an organic basis, raising its full-year profitability outlook. This marked the 13th consecutive quarter of positive organic growth for the Italian appliance manufacturer. While specific EPS and revenue figures were not provided, management highlighted stronger margins, robust cash generation, and continued momentum in the professional coffee business as key drivers of the improvement.

Adjusted EBITDA rose to EUR 171.6 million, marking an 18.2% increase year over year. Net profit attributable to the group climbed 19% to EUR 84.5 million. The company raised its full-year 2026 adjusted EBITDA guidance to EUR 685 million-EUR 705 million.

The professional division continued to lead the growth engine, with revenue rising 36.3% in the first nine months of 2026. Meanwhile, the household business expanded by 3.1% over the same period. Revenue growth in the professional unit was driven by a strong performance in the U.K. and support from the Nordics, Spain, Portugal, and France. In contrast, the household division benefited from new product launches and marketing campaigns.

De’Longhi's performance remained broad-based across regions and product categories, with Europe growing 5.6% in Q3, the EMEA region expanding 18.3%, the Americas increasing 10%, and Asia Pacific advancing 8.5%. The company's executives emphasized the resilience of demand and disciplined execution in driving these results.

Despite not providing specific earnings or revenue data, management's positive outlook and the company's solid operating trends led to a 2.2% rise in De’Longhi shares to $47.36, close to the 52-week high of $48.54. The stock's gain reflects investor confidence in the company's growth and cash generation profile. Management expects cost inflation, promotional competition, and non-recurring tariff benefits to impact margins in the coming year.

Analysts are particularly focused on the professional division, pricing strategies, margins, and capital allocation.