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De'Longhi Revenues up 4.1% in First Half 2013
Aug 1, 2013
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Consolidated preliminary revenues for De'Longhi SpA in the first half of 2013 were about EUR 671 million, up 4.1% (approximately 5.9% at constant foreign exchange rates). Second quarter growth was about 7.2%.

The De'Longhi Group reached 2Q 2013 consolidated preliminary revenues of about EUR 350 million, up 7.2% from 2Q 2012.

Revenues in the first half of 2013 was reported at approximately EUR 671 million, up 4.1% from the first six months of 2012 (approximately 5.9% at constant foregn exchange rates).

"We are pleased with the sales performance in the second quarter, which showed an improvement versus the first quarter, especially if we take into account the marked slowdown of European markets as well as of some of the core non-European countries," said CEO Fabio de' Longhi. "During the first six months of the year we had to cope with some unexpected headwinds, like currencies and weak consumption, which will affect also the second half of 2013. On one side, this means that the Group's expansion targets and the Braun integration will require even greater efforts, while on the other side it makes the current results very remarkable".

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