Q1 2025 Financial Highlights
Revenue growth for third consecutive quarter in a still challenging market
“We’ve seen growth for three consecutive quarters, a sign that we’re moving in the right direction in both divisions, even with still limited visibility and a subdued market environment. Market demand is at its lowest for a decade, while pricing pressures have heightened: we are reacting by expanding the product range and strengthening distribution and direct presence in key areas. Margins have been impacted, as was to be expected, although investing today means creating the opportunities that will allow us to grow tomorrow. Almost 7% of our revenue stems from Cooking and built-in products, which just two years ago were not even in our catalogue. We are on the right path. We are also pursuing similar discontinuity in the Motors Division, whose growth again now far outstrips the general market. We have a solid financial structure and low leverage, allowing us to maintain a close focus on our development project”. Stated Giulio Cocci, Chief Executive Officer of Elica
Q3 & 9M 2025 Financial Highlights
349.5 M€
Consolidated Revenue
The result reflects the growth emerging at the beginning of the year and which was maintained in the last quarter - the third consecutive quarter of revenue growth (+5.1% on Q3 2024) - thanks to the solid performance in North America, supported by the distribution strategy and the contribution from the new EMEA projects, which have supported OEM sales.
21.9 M€
Adjusted EBITDA
Margin on revenues of 6.3% (7.2% in 9M 2024). The contraction reflects the continued particularly intense promotional environment, particularly in the EMEA area, and investments focused on the Cooking division transformation, in addition to the strengthening of trade marketing activities and the set-up of the new distribution organisation in the North-East US.
-2.1 M€
Adjusted Net Profit
Financial expense remained in line with the same period of the previous year, excluding the non-recurring impact from the “India” transaction, reflecting a balance between the increased debt and the reduction in interest rates. The financial items include also the charges related to the agreement with the Tax Agency on the 2015-2016 R&D credit for a value of Euro 0.2 million.
Performance
By Business Area
The Cooking division, which accounts for approximately 77% of total revenues, saw an increase in sales to Euro 269.2 million (Euro 265.0 million in 9M 2024).
The performance was driven by the continued expansion of own brand sales in North America, despite the negative USD currency effect and the neutral effect of tariffs, in addition to the positive OEM business performances (Euro 113.0 million in 9M 2025, +1.3% YoY). Revenue in the Americas was up 9.5% (+13.7% organic) on the first nine months of 2024, thanks to the winning of new customers and distributors and the introduction of new products. Sales were improving from the third quarter also on the main European markets (+2.2% in Q3 2025 vs Q3 2024).
The Motors division, which accounts for approximately 23% of total revenue, saw growth of +4.8% to Euro 80.3 million (Euro 76.6 million in 9M 2024),
The growht is thanks to the increased market share with the principal customers and the Heating segment acceleration, despite the Asian competition, and in particular from China.
Analysts Presentation H1 2025 Results click.
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