Q1 2025 Financial Highlights
revenue growth for second consecutive quarter despite persistently weak market. Agreement signed for the acquisition of a 28% stake in steel srl
”The Q1 results are encouraging, despite the still uncertain market environment. Both divisions have returned to growth: the Cooking division thanks to the excellent North America performance, and the Motors division thanks to the increased market share. We continue with determination to pursue this transformation and to develop new projects, fully aware that this may weigh on margins in the short term, but confident in the strength of our financial position and in our medium-term vision. We still have complex months ahead, although the early positive signs confirm the strength of our strategy. We therefore continue to invest in direct distribution, in Europe and North America, where we have recently expanded our direct presence also to the North-East of the United States”. stated Giulio Cocci, Chief Executive Officer of Elica.
H1 2025 Financial Highlights
240.0 M€
Consolidated Revenue
The strength emerging in the first quarter of the year has continued, mainly in view of the Cooking division growth in North America, driven by the success of the direct distribution strategy and the recovery of the Motors division. The winning of new customers in the EMEA region has supported the OEM business performance.
14.9 M€
Adjusted EBITDA
Margin on revenues at 6.2% (7% in H1 2024). Investments to support the Cooking transformation project continued to have a significant impact on the first half of 2025
-1.4 M€
Adjusted Net Profit
Financial Expenses at Euro -3.6 million, stable on the same period of the previous year.
Performance
By Business Area
The Cooking division, which accounts for approximately 77% of total revenues, reported a slight increase in sales to Euro 185.4 million (Euro 184.6 million in H1 2024).
The OEM business reported a good performance for the first six months (+4.8% vs H1 2024), thanks to the entry of new customers. Americas region revenue is up 9.9% on H1 2024, driven by B2C segment growth, following the introduction of new customers and distributors, in addition to the new products
The Motors division, which represents approximately 23% of total revenues, was up 3.4% to Euro 54.6 million (Euro 52.8 million in H1 2024)
The strong sales in the period was mainly due to the increased market share on the principal accounts which drove both the heating and ventilation segments.
Analysts Presentation H1 2025 Results click.
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