De'Longhi Reports Increased Earnings for ‘06
Mar 20, 2007
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De'Longhi announced that, despite the global scenario evidencing significant growth in raw materials' prices, the group was successful in delivering substantial increases in revenues and margins, carrying out positive effects in the cash generation.

Consolidated net revenues amounted to 1.363 billion euros (approx. U.S. $1.8 billion), for an 8.4 percent increase over 2005. Growth was credited to growth in the global economy and management actions such as improving the product mix, developing a more efficient manufacturing and distribution structure, and the strengthening of market shares. Net profits were 39.8 million euros (approx. $52.9 million), up 60.5 percent over 2005.

The company says production assets have now been transferred from Italy to China.  This, along with the full start-up of its Russian factory, brings the company major benefits in terms of competitiveness and growth opportunities in the new markets.

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