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Italian maker of small kitchen and home appliances including espresso machines, air conditioners and fans.
Italian maker of small kitchen and home appliances including espresso machines, air conditioners and fans.
Sells through electronics retailers, department stores and online marketplaces rather than its own stores, so retailer buying and promotions drive volumes. Espresso machines are the lead category and air conditioners and fans a weather-dependent seasonal one. The De Longhi family controls the group.
Moat: narrow (brand, distribution). Strong brand recognition in premium home espresso machines and licensed Braun/Kenwood product lines.
Headquarters: Treviso, Italy · Founded: 1902 · Employees: 9,837
Size De'Longhi (DLG.MI) is an Italy Consumer Discretionary company (Electronics/Appliances) with a market value of $7.65B, the 32nd largest of 123 Italy companies the cockpit tracks. Shares closed at €45.32 on 6 Nov 2026.
Performance Over six months the shares gained 23.5%, against +9.7% for the median peer and +3.1% for the Italy market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median +3.8%); the operating margin is 13.1% (peer median 7.9%).
Valuation It trades at 18.0× forward earnings against a peer median of 18.1× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points above its cost of capital (14.3% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.89B | €3.80B | €3.50B | €3.07B | €3.16B |
| Revenue growth | — | +9% | +14% | -3% | — |
| Gross profit | €1.53B | €1.47B | €1.34B | €1.14B | €1.18B |
| EBITDA | €638M | €591M | €550M | €442M | €377M |
| Net income | €341M | €316M | €311M | €250M | €177M |
| Free cash flow | €527M | €473M | €376M | €485M | €32.0M |
| Capital expenditure | €83.8M | €89.2M | €103M | €95.3M | €129M |
| Total debt | n/a | €534M | €701M | €882M | €964M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| De'Longhi DLG.MI | $7.65B | +23% | +6% | 13% | 18.0× | 14.2% |
| Seb SK.PA | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% |
| Breville BRG.AX | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% |
| Electrolux ELUX-A.ST | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DLG.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.4% | +2.4% | 5th highest of 21 |
| 6-month return | +23.5% | +9.7% | 6th highest of 21 |
| Distance from 52-week high | -0.9% | -14.2% | highest of 21 |
| Revenue growth (TTM) | +6.4% | +3.8% | 10th highest of 21 |
| Operating margin | 13.1% | 7.9% | 5th highest of 21 |
| Forward P/E | 18.0× | 18.1× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.2% | 2.8% | 5th most demanding of 15 |
| Growth delivered (Del g) | +10.1% | +9.1% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | +4.2 pp | -5.2 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | +3.2 pp | +4.3 pp | 9th lowest of 21 |
| EV / EBITDA | 10.4× | 13.0× | 5th cheapest of 9 |
| Net debt / EBITDA | -0.6× | 0.7× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| De'Longhi DLG.MI | Italy | $7.65B | +23% | +6% | 13% | 18.0× | 14.2% | +10.1% |
| Arashi Vision 688775.SS | China | $6.41B | -45% | +74% | -1% | 135.2× | n/a | n/a |
| Howden Joinery HWDN.L | United Kingdom | $6.12B | +16% | +4% | 15% | 16.6× | 14.9% | +9.3% |
| TCL Electronics 1070.HK | Hong Kong | $6.01B | +3% | +14% | 3% | 12.4× | -2.3% | +17.6% |
| Coway 021240.KS | South Korea | $5.56B | +26% | +14% | 18% | 10.8× | n/a | n/a |
| Zhejiang Supor 002032.SZ | China | $5.37B | -4% | 0% | 10% | 18.0× | -2.8% | +4.1% |
| Aditya Infotech CPPLUS.NS | India | $5.37B | +68% | +36% | 13% | 69.9× | n/a | n/a |
| Hisense Visual Technology 600060.SS | China | $5.31B | +8% | -2% | 5% | 12.8× | -3.4% | +8.0% |
| Beijing Roborock Technology 688169.SS | China | $5.29B | +17% | +31% | 8% | 17.3× | 4.6% | +32.8% |
| LG Electronics India LGEINDIA.NS | India | $12.6B | +14% | +1% | 9% | 52.1× | 36.6% | +7.3% |
| Hisense Home Appliances 000921.SZ | China | $4.37B | -2% | -11% | 3% | 14.2× | -11.4% | +12.7% |
| Shenzhen MTC 002429.SZ | China | $4.30B | -42% | +3% | 7% | 22.1× | n/a | n/a |
| Ecovacs Robotics 603486.SS | China | $4.22B | -25% | +10% | 7% | 14.5× | 16.2% | +21.4% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |