Q1 2026 Financial Highlights
Q1 2026 Consolidated Revenue of Euro 111.2 mln, within a still challenging market, amid strong Own Brand sales in EMEA and North America
"In a still challenging market environment, the Q1 2026 results validate the path we have chosen. Own brand sales are expanding in both EMEA and North America, thanks to direct distribution and the contribution of new products, highlighting the distance that Elica has travelled on its path to transform into a cooking company”. Elica’s Chief Executive Officer Luca Barboni stated "The debut at EuroCucina of the proprietary ID Technology and the new Matrix interface strengthen our ability to independently drive innovation through a scalable platform. On the operational front, industrial flexibility, the re-sizing of the production structure and strict cost control have enabled us to protect the Group's margins, consistent with the investment priorities established for the Cooking Division. Finally, we will continue to work steadfastly on the brand, direct distribution and technological development as the levers to build value over the medium term".
Q1 2026 Financial Highlights
111.2 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.
6.2 M€
Adjusted EBITDA
Margin on revenues of 5.5% (5.9% in Q1 2025). The slight reduction in margins was mainly attributable to volume contraction in certain markets and channels, partly offset by cost containment actions, industrial flexibility and capacity resizing initiatives at the Mexican plant, which helped protect the Group's overall margins. The investments to support the transformation of the Cooking Division were also confirmed in the quarter, with a strengthening of trade marketing activities and a clear focus on the medium-term objectives
-1.3 M€
Adjusted Net Profit
Negative impact of Euro -1.8 million (net expense of Euro -1.5 million in Q1 2025). The increase is attributable to a contained increase in the debt, related to the working capital and capex dynamics, resulting in higher financial expense
Performance
By Business Area
The Cooking division revenue, which accounts for approximately 78% of the total, was Euro 86.4 million in Q1 2026, contracting 5.3% on Euro 91.2 million in Q1 2025
The decrease was mainly due to the decline in OEM sales on the U.S. market, which were impacted by a weak market environment and destocking activities, in addition to persistently weak EMEA demand. These dynamics were partially offset by resilient own brand sales in EMEA and growth in own brand sales in North America.
The Motors division, which accounts for approximately 22% of total revenue, saw sales contract in Q1 2026
This is the result of the phase-out of a ventilation segment product line with a neutral impact on margins due to the planned phase-out of the OEM segment and the streamlining actions already implemented.
Analysts Presentation Q1 2026 Results click.
Our results
Period
Key indicators
Period
Key indicators
Period
Key indicators
LOADING...
LOADING...
Download Documents