De' Longhi S.p.A. announced consolidated earnings for the first quarter ended March 31, 2017. For the quarter, the company reported net revenues of €390.5 million against €360.3 million a year ago. EBITDA was €51.4 million against €51.5 million a year ago. EBIT was €38.5 million against €39.4 million a year ago. Profit before taxes was €32.3 million against €32.9 million a year ago. Profit pertaining to the group was €25.1 million against €24.8 million a year ago. Cash flow from operations was €43.8 million against €44.6 million a year ago.

The company provided earnings outlook for the full year 2017. For the full year 2017, the Group expects to grow revenues in organic terms at mid-single- digit rates and, with regards to profitability, to improve EBITDA in absolute terms, not necessarily as a percentage of revenues, in a context of expected neutrality of foreign exchange rates and taking into account the higher investments in research and development, media and production capacity.