De'Longhi : Dynamic activity anticipated for Q2 with the EBITDA margin expected to grow by 180bp to 14.3%e
>Q2 preview: organic growth anticipated at 4.0%e (in line with full-year guidance) and a 180bp improvement in the EBITDA margin to 14.3%e - De’Longhi is due to publish its Q2/H1 2024 results on 31 July. Our estimates for Q2 are based on:Sales growth of 11.9% to € 770.9m est., organic growth in Q2 is anticipated at 4.0%e, in line with the group’s full-year guidance based on low to mid-single digit organic growth (compared to organic growth of 7.3% in Q1, benefitin...De Longhi is a holding company. Through its subsidiaries, Co. operates three divisions: Household, Professional and Corporate. The Household division operates in the domestic appliances market with products for air cooling and treatment, heating, food preparation and cooking, domestic cleaning and ironing. The Professional division operates in the market for large thermo-cooling systems, hydronic terminals, heat pumps and wall-mounted air-conditioning units. The Corporate division which mainly provides corporate services to the group with the functions of setting strategy, of control, co-ordination and management of centralized activities and resources.
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