Brief: De' Longhi Q4 Adj. EBITDA At EUR 158 Mln

De Longhi SpA

10/03/2022 12:55

March 10 (Reuters) - De' Longhi SpA  DLG.MI :
    * Q4 NET PROFIT EUR 67.6 MLN 
    * PROPOSES DIVIDEND OF EUR 0.83/SHR
    * Q4 ADJ EBITDA EUR 158 MLN 
    * DE' LONGHI CEO SAYS IT EXPECTS INVESTMENTS PLANS AND
ORGANIZATIONAL STRENGTHENING TO BRING ADJ EBITDA TO ABOUT EUR
450 MLN IN 2022
    * COMPARED TO INITIAL GUIDANCE ON 2022 SALES GROWTH SHARED
AT
JAN-END, THERE ARE NOW RISKS THAT ONGOING CONFLICT WILL HAVE
MATERIAL REPERCUSSIONS ON RUSSIAN AND UKRAINIAN MARKETS
    * IN 2021 WEIGHT OF RUSSIA AND UKRAINE ON TOTAL REVENUE WAS
4.9%,
EQUAL TO EUR 159.1 MILLION
    * DE' LONGHI CEO SAYS FOR CURRENT YEAR WE EXPECTS ORGANIC
REVENUES
FOR GROUP IN LINE WITH LAST YEAR

Further company coverage:  DLG.MI 

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