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ISIN code: IT0003115950
Sector: Durable consumer goods
Industry: Consumer electronics/appliances
De'Longhi shares are listed on the Italian market on the Milan stock exchange under the ticker DLG.
Look at the history of the quotation of the share on the Milan Stock Exchange
Company Description
La De'Longhi Spa is an Italian company that operates in the sector of air conditioning, heating and products for cooking, cleaning, coffee preparation and ironing.
Its main office is in Italy, in Treviso, and boasts a company history of over a century.
It is listed on the Milan Stock Exchange in the FTSE Italia Mid Cap index since 2001.
The De'Longhi group born in the 1902 and its main function was the production of wood stoves. In 1974 it was given certification as a market brand with the proposal of the first De'Longhi branded product: the oil filled radiator.
In the XNUMXs, the diversification of production began with successful products such as the Sfornatutto electric oven and the Pinguino portable air conditioner, while the production of radiators was entrusted to the subsidiary company DL Radiators.
The De'Longhi group is today active in various industrial sectors: small appliances, with a big business related to coffee machines, food cooking, house cleaning.
The tagline is “Better Everyday”.
Economic and financial analysis of the company
The De'Longhi group was founded in 1902. At that time the main activity was focused on the production of wood stoves. The certification as a brand on the market arrives only in 1974, when it proposes the first product under the De'Longhi brand: the oil radiator. Currently the president is Giuseppe De'Longhi.
In the 80s, it diversified its production and began producing household appliances. The production of radiators is passed on to the subsidiary company DL Radiators, while De'Longhi specializes in the production of the Sfornatutto electric oven and the Pinguino portable air conditioner. Two of the flagship products of the historic brand.
In 1994 with an ever growing expansion, the De'Longhi group buys Climaveneta to increase production in the field of air conditioning. While in 1995 it acquired the Simac, to focus on the ironing and kitchen sector.
In 2001 De'Longhi was listed on the Milan Stock Exchange.
Also in the same year, the Italian group aimed abroad and acquired the British company in a friendly takeover bid (public purchase offer). Kenwood Limited, repositioning the brand on the market in the household appliances sector.
In 1995 it absorbed the Simac, with the aim of targeting the ironing and kitchen sector.
In 2010 the De'Longhi group incorporates another historic brand of small household appliances company Aries Spa.
In 2012, the air conditioning and heating sector was entrusted to the subsidiary Of the climate and in 2015 it was sold to Mitsubishi Electric Corporation. Also in 2012, the De'Longhi group acquired the German brand from Procter & Gamble Brown with an agreement for the exploitation of the brand which includes the household appliances and other household products sectors held by De'Longhi and the razors and health care sector held by P&G.
In April 2017, De'Longhi entered the professional espresso coffee machine sector by acquiring 19,6% of the Swiss group for 21 million euros (equal to 40 million Swiss francs). Eversys, founded in 2009. The agreement provided for the option to purchase the other 60% by 30 June 2021. The operation was carried out in March 2021 with the payment of approximately one hundred million euros.
In February 2018, the company sold the Chinese group for 7,7 million euros H&T 55% of NPE, producer of electronic controls for the household appliances and automotive markets. A further 2020% stake was expected to be sold in 25.
At the beginning of 2020, the reorganization of the company's operating structure was launched with the appointment of a new managing director, Massimo Garavaglia. While in November 2020 the company acquires the Capital Brands, a blender company based in Los Angeles, and introduces two iconic brands in small appliances to its portfolio, Magic bullet e Nutribullet.
Among the partnerships we find the one with Chicco; the two companies pool their expertise to develop innovative solutions for children's daily meals. Chicco and De'Longhi therefore work jointly in research and development to offer more reliable, safe and innovative products to their respective customers. Then there is the partnership with Nestlé with which it operates in the coffee segment.
THEshareholders is composed by:
- De'Longhi Industrial SA – 67,006%
- Franklin Templeton Investments Corporation – 2,125%
- Financier de l'Echiquier SA – 2,030%
Turnover in 2019 was 2,106 billion Euros with a turnover of 161,7.
The latest news on De'Longhi
De' Longhi sells 5% of the capital and falls on the Stock Exchange
The shares fall below the placement price, which took place at 25 euros per share, for a total of 187,5 million euros.
Delclima switches to Mitsubishi: the stock soars on the Stock Exchange
Mitsubishi has announced that it has finalized the purchase of 74,97% of the shares of the Italian company, valued at a total of 664 million euros – Delclima's share gains over 80% in Piazza Affari.
The Dutch bet on De' Longhi
The pension fund managed by the Dutch Apg Asset Management NV has purchased 5% of the Italian group for 150 million euro – De' Longhi shares drop on Piazza Affari.
De' Longhi: first half profit +4,1% year on year
De' Longhi's first six months of 2014 closed with profit and revenues up respectively by 4,1% and 5,7% – The group shows confidence for the rest of the year.
De' Longhi: ok dividend of 0,40 euro, the stock shines in Piazza Affari
The company ended 2013 with a net profit of 116,9 million euros – In addition, the shareholders renewed the plan for the purchase and disposal of treasury shares, up to a maximum amount of 28 million shares.