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De'Longhi Revenues Rise 7 Percent in 2012


Posted on January 31, 2013 by HFN Staff

TREVISO, Italy-Fiscal 2012 revenues for De'Longhi Group increased 7 percent to EUR1.53 billion ($2 billion, using the average exchange rate of the euro to the dollar for last year).

A statement from the company said the result was in line with its guidance. De'Longhi also said its fourth-quarter sales rose 4.8 percent to EUR541 million ($698 million), "despite an environment still characterized by macroeconomic uncertainties."

De'Longhi added that revenues gained in the quarter particularly because of growth in sales of coffeemakers and kitchen products. The company's "growing international diversification" also played a role in the increase.