A director at De Longhi bought 600 shares at 33.249EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
We hosted our 28th ODDO BHF Forum in Lyon on 9 and 10 January 2025. In total, 210 companies made presentations over the two days. In addition to day 1 feedback (Link to the feedback of the first day), in the following note, we provide some initial feedback from the companies for the second day. The full final feedback, including sector conclusions, will be published later this week. As was the case for the first day, analysts judged that a majority of the companies had a rather neutral tone. Ou...
>L-f-l growth of 5.3% in Q3 and EBITDA margin expansion of 140bp to 16.3% - For Q3 2024, De’Longhi posted better-than-expected results. Q3 revenues increased by 14% to € 805.5m (ODDO BHF: € 792.4m, css: € 776.5m), with organic growth of 5.3% (ODDO BHF: 3%e; H1 revenues: +4.2% l-f-l). For the first nine months of the year, revenues came in at € 2.229bn, up 11.6% (+4.6% l-f-l). We note the consolidation of La Marzocco for Q3 revenues of € 62.3m (€ 65m est.). Profitabil...
>Croissance LFL 5.3% au T3 et marge d’EBITDA en progression de 140pb à 16.3% - Sur le T3 2024, De’Longhi publie des résultats supérieurs aux attentes. Le CA T3 ressort en progression de 14% à 805.5 M€ (ODDO BHF : 792.4 M€, css : 776.5 M€), dont une croissance organique de 5.3% (ODDO BHF : 3%e ; CA S1 : +4.2%LFL). Sur les 9 premiers mois de l’année, le CA ressort à 2 229.2 M€, en progression de 11.6% (+4.6% LFL). Nous notons la consolidation de La Marzocco pour un CA T...
>Q3 preview: organic growth anticipated at 3.0% and an 80bp improvement in the EBITDA margin to 15.7%e - De’Longhi is due to publish its Q3/9M 2024 results on 12 November. Our estimates for Q3 are based on: Reported sales growth of 12.1% to € 792.4m est. (cons.: € 791m est.), Q3 organic growth is anticipated at 3.0%e, compared to l-f-l growth of 4.2% in H1, of which 1.5% in Q2 alone (impacted by the slowdown in the comfort segment). Our estimates factor in the co...
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