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DeLonghi Reports 7.1% Q2 Gains, Up 4.1% For First Half

The De’Longhi Group reported second quarter consolidated preliminary revenues of about Euro 350 million, ($464.8 million) up by about 7.2% compared to the second quarter of 2012. For the first half of 2013 the company reported revenues of approximately Euro 671 million ($891.1 million), an increase of about 4.1% compared with the first six months of 2012. From a geographical perspective, the company reported a “good” performance from its “mature markets”, citing the success of the Braun brand, while also offering special mention of its emerging markets the MEIA region (comprising Middle East, India, Africa).

“We are pleased with the sales performance in the second quarter, which showed an improvement versus the first quarter, especially if we take into account the marked slowdown of European markets as well as of some of the core non-European countries,” said Fabio de’ Longhi, CEO of the eponymous company. “During the first six months of the year we had to cope with some unexpected headwinds, like currencies and weak consumption, which will affect also the second half of 2013. On one side, this means that the Group’s expansion targets and the Braun integration will require even greater efforts, while on the other side it makes the current results very remarkable”.