De'Longhi S.p.A.

Equities

DLG

IT0003115950

Appliances, Tools & Housewares

Real-time Borsa Italiana Other stock markets 10:42:28 2024-04-29 am EDT			5-day change	1st Jan Change
31.4 ^EUR	-0.06%		+5.80%	+2.88%

Apr. 24	Stock markets bullish; Eni with profit down	AN
Apr. 23	Mib rises; A2A on fifth bullish session in a row.	AN

De' Longhi, combination between Eversys and La Marzocco finalized

February 28, 2024 at 01:40 am EST

(Alliance News) - De' Longhi Spa announced that it has finalized the business combination between its subsidiary Eversys and La Marzocco International LLC.

The transaction creates a leading hub in the premium segment of the coffee sector with aggreated 2023 sales of EUR370 million and of which Dde' Longhi will hold 61.6 percent. The 26.5 percent will be held by De' Longhi Industrial SA and the remainder by minority shareholders of La Marzocco.

For the deal, De' Longhi disbursed USD373 million, of which USD200 million went to De' Longhi Industrial and USD173 million to La Maezocco's minority sohers.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about De'Longhi S.p.A.

Stock markets bullish; Eni with profit down	Apr. 24	AN
Mib rises; A2A on fifth bullish session in a row.	Apr. 23	AN
De'Longhi Debuts New Fully Automatic Magnifica Start Espresso Machine	Apr. 16	CI
Stock indexes bullish; Leonardo continues on top	Mar. 14	AN
Mib in green; Leonardo on 52-week highs	Mar. 14	AN
Mib pegs 33,900 points; Azimut dictates pace	Mar. 13	AN
Mib rises to 33,800; MPS at new annual high	Mar. 13	AN
Futures up; US inflation does not dampen buying	Mar. 13	AN
Mib rises to 33,700; MPS and BPER at annual highs	Mar. 12	AN
De' Longhi improves earnings and raises coupon	Mar. 12	AN
De'Longhi S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 12	CI
Futures down; China sets growth at 5 percent	Mar. 05	AN
Mib slightly down; still strength on Saipem	Mar. 04	AN
Cautious start to week ahead of ECB	Mar. 04	AN
Milan maglia rosa; Mib above 32,900, leads Saipem	Mar. 01	AN
Mib bearish; Saipem in red ahead of accounts	Feb. 28	AN
Mib bearish; spotlight on US PCE data	Feb. 28	AN
De' Longhi, combination between Eversys and La Marzocco finalized	Feb. 28	AN
Mib bullish above 32,700; Saipem on top	Feb. 27	AN
De?Longhi Appoints Eliza Woolston Sheffield as President of US and Canadian Business	Jan. 31	CI
Futures up before Italy and Eurozone macro	Jan. 30	AN
Milan in the red; Iveco resists declines	Jan. 29	AN
Indices contrasted; Saipem tops on Mib.	Jan. 29	AN
Indices flat; Brent surpasses USD84 per barrel	Jan. 29	AN
Futures cautious; Evergrande, liquidation demanded	Jan. 29	AN

Chart De'Longhi S.p.A.

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Company Profile

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.

Sector

Appliances, Tools & Housewares

Calendar

2024-05-09 - Q1 2024 Earnings Call

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Ratings for De'Longhi S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

31.42 EUR

Average target price

35.9 EUR

Spread / Average Target

+14.26%

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