De'Longhi Q2 Revenues Rise 7.2 Percent
August 2, 2013,
TREVISO, Italy-The De'Longhi Group reported second-quarter revenues of EUR350 million ($463.8 million), up 7.2 percent over last year's second quarter, according to a preliminary statement from the housewares manufacturer.
For the first half of the year, the company said revenues rose 4.1 percent to EUR671 million ($889.2 million), an increase of 4.1 percent. Fabio De'Longhi, the company's CEO, said the second quarter "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."
The statement added that some of De'Longhi's more mature geographical markets recorded "good performance," which it attributed in part to the Braun brand, which the company licensed for small electrics from Procter & Gamble last year.
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