De'Longhi : The B2C coffee and the Nutrition segments should continue to support growth in the short term
>Feedback from road show in Paris - After a road show with HIR in Paris, the group outlined the outlook for growth in the short and medium term. Our key takeaways: In H1, sales increased by 4.2% l-f-l, including 1.5% in Q2 impacted by the significant slowdown in the Comfort segment (~5% of consolidated revenue; > -30% in Q2). Excluding the Comfort segment, l-f-l growth in the household segment totalled 6.9%. For H2, the group confirmed that the trends observed so...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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