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    DLG   IT0003115950

DE'LONGHI S.P.A.

(DLG)
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Delayed Borsa Italiana  -  05/27 11:35:03 am EDT
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De'Longhi S p A : The De 'Longhi Group approves the allocation of an extraordinary bonus for its employees

12/21/2021 | 12:00pm EDT

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.

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Disclaimer

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.


© Publicnow 2021
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Sales 2022 3 185 M 3 412 M 3 412 M
Net income 2022 253 M 271 M 271 M
Net cash 2022 440 M 471 M 471 M
P/E ratio 2022 13,2x
Yield 2022 2,97%
Capitalization 3 336 M 3 574 M 3 574 M
EV / Sales 2022 0,91x
EV / Sales 2023 0,83x
Nbr of Employees 9 100
Free-Float 45,7%
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Number of Analysts 7
Last Close Price 22,24 €
Average target price 30,89 €
Spread / Average Target 38,9%
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Massimo Garavaglia Chief Executive Officer, GM & Director
Fabrizio Micheli Chief Financial Officer & Investor Relations
Giuseppe De'Longhi Chairman
Stefania Petruccioli Independent Director
Cristina Pagni e Luisa Maria Virginia Collina Independent Director
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