De' Longhi jumps after Q4 revenue beat
29/01/2025 09:54
** Shares in De' Longhi DLG.MI rise as much as 6.3%,
touching 3-year highs, after the Italian espresso machine maker
posted on Tuesday Q4 revenue beat
** Q4 revenue rose nearly 18% to 1.3 billion euros ($1.35
billion) versus consensus of 1.2 billion, as cited by Equita in
a research note
** The company said it forecast 2024 adjusted EBITDA at
around 555 million euros, above an estimate of 542 million
** It also expects 2025 turnover to rise between 5-7%, above
Equita's expectation of a 3-5% range
** At 0950 GMT the stock was up 5.7% to 34.4 euros, its
highest price since May
($1 = 0.9590 euros)
($1 = 0.9602 euros)
(Reporting by Michela Stasio)
((Michela.stasio@thomsonreuters.com))