TREVISO, Italy – Following the business trend and the results achieved by the De’ Longhi Group in a particularly uncertain context, the Company, on the proposal of the Chairman, Giuseppe de’ Longhi, decided to proceed with the allocation of an extraordinary bonus to over the 10,500 employees and collaborators of the Group worldwide, which will be disbursed by the end of this year. The total amount allocated is about € 11 million.
“The excellent performances achieved by our Group – said Massimo Garavaglia, Chief Executive Officer – are due to our employees who, despite these particularly difficult times, have achieved important objectives with commitment and dedication.
In a macro-economic context characterized by unprecedented challenges, the company is deeply grateful for the great effort and passion shown by our people. It is in fact thanks to the contribution of everyone that the De’ Longhi Group has continued to offer products that meet the needs of the consumers”.
The Group achieved, in the first 9 months of the year, organic revenues growing by 14.8% and an adjusted Ebitda of € 209 million, equal to 14.2% of revenues.
For the 12 months of 2020, the Group expects organic revenues to grow at a high single digit rate and the adjusted Ebitda increasing both in value and as a percentage of revenues.
