De'Longhi S p A : The De ’Longhi Group approves the allocation of an extraordinary bonus for its employees
December 21, 2021 at 12:00 pm EST
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Treviso, December 21, 2021
PRESS RELEASE
The Board of Directors of De' Longhi S.p.A. today approved the allocation of an extraordinary bonus for the Group's employees and collaborators for a total amount of ca. € 11 million which will be paid within the first quarter of 2022.
"The excellent results obtained over the last few quarters - commented Massimo Garavaglia, Chief Executive Officer - are the result of the persistent commitment and extraordinary dedication of the employees in overcoming the challenges in a year of many complexities. The distribution of this bonus is meant to be a recognition of the support and strong spirit of belonging shown by our people towards the Group ".
For the current year, as previously communicated, the De' Longhi Group1 expects to record revenues growing, at constant exchange rates, at a rate that is in the upper end of the 28% - 33% range and an adjusted Ebitda improving vs. last year both in value and as a percentage of revenues. Furthermore, the consolidation of Eversys will bring about a further 2 percentage points of revenues' growth and an adjusted Ebitda, as a percentage of revenues, in line with the rest of the Group.
Investor Relations:
Media relations:
Fabrizio Micheli, Samuele Chiodetto
Mattia Rosati
T: +39 0422 4131
T: +39 0422 4131
e-mail:
e-mail:
investor.relations@delonghigroup.com
media.relations@delonghigroup.com
www.delonghigroup.com
1 Including the consolidation of Capital Brands group.
De’Longhi S.p.A. published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 16:59:02 UTC.
De' Longhi SpA is an Italy-based company which designs, produces and markets products for home and business comfort. It operates through three business segments: Europe, which consists of northeast and southwest Europe; MEIA, combines Middle East, India and Africa; APA, includes Asia, Pacific and America. Each segment is responsible for all aspects of the Groupâs brands within the different markets its services. The Company focuses on domestic appliances with products for coffee machines, air cooling and treatment, portable heating, food preparation and cooking, domestic cleaning and ironing, which are distributed under the De'Longhi, Kenwood and Braun brands. Its product portfolio encompasses coffee makers, hand blenders, toasters, kettles, ironing systems, vacuum cleaners, air purifiers, humidifiers, dehumidifiers and portable heating appliances, among others. The Companyâs major shareholder is De Longhi Soparfi SA.
DE'LONGHI S.P.A. 
