H1 2026 Financial Highlights
Consolidated revenues for H1 2026 at Euro 223.5 million in a still-challenging market. Margins improving despite the revenue decline. Significant progress in own brands in North America and EMEA
"The H1 results reflect the Group’s ability to generate value within a still complex marketplace. Own brand double-digit growth in North America and the resilience in EMEA have partially offset the OEM segment weakness in North America, while cost discipline and manufacturing flexibility have enabled us to drive margins higher - which rose in the period despite the decline in volumes. Finally, the new Euro 120 million loan, signed at the end of June with the support of the leading banks, confirms the confidence of our financial partners and provides us with the resources to continue investing in the transformation of our cooking business and the Group’s growth” stated Luca Barboni, Chief Executive Officer of Elica.
H1 2026 Financial Highlights
223.3 M€
Consolidated Revenue
The result highlight own brand sales growth in a business environment still shaped by uncertainty and exacerbated by the conflict in the Middle East.
14.5 M€
Adjusted EBITDA
Margin on revenues of 6.5% (6.2% in H1 2025). Despite the decline in volumes on the previous year, margins remained largely stable thanks to the cost-containment measures, operational flexibility and the initiatives introduced to align production capacity with current demand levels.
-2.2 M€
Adjusted Net Profit
Negative impact of Euro -3.8 million (net expense of Euro -3.6 million in H1 2025). The increase is primarily attributable to the higher financial expenses incurred in the period, amid higher financial leverage than the previous year.
Performance
By Business Area
Cooking division revenue accounts for approximately 78% of consolidated revenue, totalled Euro 175.4 million (decreasing 5.4% on Euro 185.4 million in H1 2025).
Own brand sales benefited from double-digit growth in North America, driven by direct distribution and the expansion of the product offering, in addition to a resilient performance in EMEA, also thanks to the contribution of new products. The OEM channel was meanwhile impacted by weak demand, particularly on the North American market, and the resulting destocking by major customers.
The Motors division, which accounts for approximately 22% of consolidated revenue, reported revenue of Euro 48.0 million, reducing 12.1% from 54.6 million in H1 2025.
This decrease primarily reflects the phase-out of certain projects in the Ovens and Ventilation segments, partially offset by the gradual phase-in of new orders and the resilient Heating segment performance.
Analysts Presentation H1 2026 Results click.
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