De'Longhi (DLG) investor relations material

Executive summary

• Revenues for H1 2026 reached €1,676.3 million, up 5.8% year-over-year, with Q2 revenues at €898.7 million, up 8.4% year-over-year, driven by strong Professional division expansion and consistent Household growth despite market and geopolitical uncertainties.

• Adjusted EBITDA for H1 2026 was €283.7 million (16.9% margin), up 17.8% year-over-year, supported by Professional division growth and duty refunds.

• Net income for H1 2026 was €169.0 million (10.1% margin), up 30.6% year-over-year; net profit attributable to the group was €141.4 million, up 21.2%.

• Net financial position improved to €686.6 million from €345.8 million a year earlier, providing strategic flexibility for capital allocation.

• The group demonstrated resilience amid macroeconomic and geopolitical uncertainty, focusing on cost control, innovation, and celebrating its 25th anniversary as a public company.

Financial highlights

• H1 2026 revenues: €1,676.3 million (+5.8% year-over-year); Q2 revenues: €898.7 million (+8.4%).

• Adjusted EBITDA: €283.7 million (16.9% margin, up from 15.2%); Q2 adjusted EBITDA: €157.7 million (17.6% margin, up 260 bps year-over-year).

• EBIT for H1 2026 was €217.6 million (13.0% margin), up 29.6% year-over-year.

• Net income for H1 2026 was €169.0 million (10.1% margin), up 30.6% year-over-year.

• Free cash flow before dividends, buybacks, and acquisitions was €78.3 million in H1 and €508 million on a trailing 12-month basis.

Outlook and guidance

• Full-year revenue growth guidance confirmed at mid-single digit; adjusted EBITDA guidance raised to €670–€690 million, reflecting duty refunds and strong Professional division growth.

• Household division expected to deliver low to mid single-digit growth for the full year; Professional division to maintain double-digit growth, normalizing to high single digit in H2.

• Cost pressures and geopolitical uncertainties are incorporated into guidance.