De Longhi hikes EBITDA guidance on Q3 revenue increase
12/11/2024 11:24
Nov 12 (Reuters) - Italy's De Longhi DLG.MI reported a
25% jump in Q3 adjusted core profit to 131.1 million euros
($139.20 million), CEO Fabio de' Longhi said on Tuesday.
The espresso machine manufacturer lifted its 2024
guidance, estimating 11-12% revenue growth, having previously
estimated an increase of 9%-11% and an adjusted earnings before
interest, tax, depreciation and amortisation now estimated at
between 530 -540 million euros, compared with 500-530 million
euros previously.
($1 = 0.9418 euros)
(Reporting by Michela Stasio in Gdansk; Editing by Louise
Heavens)
((michela.stasio@thomsonreuters.com))