De' Longhi S.P.A. Announces Consolidated Earnings for the First Quarter Ended March 31, 2017; Reaffirms Earnings Guidance for Full Year 2017
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.