(Reuters) -Italian appliance maker De’ Longhi, known for its coffee machines, raised its financial guidance for 2025 for the second time this year, sending its shares sharply higher on Wednesday.
De’ Longhi, which stars Hollywood actor Brad Pitt in its commercials, now expects its revenue to grow between 7.5% and 8.5% this year, compared to its previous forecast for 6–8% growth.
It sees adjusted core earnings (EBITDA) in a range of 610 million to 620 million euros ($711 million to $723 million), versus the 590–610 million it had expected earlier.
Shares in the company rose around 10% by 1130 GMT to their highest levels since March, after being suspended several times due to volatile trading.
Growth continued to be driven by De’ Longhi’s coffee segment, which now accounts for 65% of group revenue. The division benefits from the structural expansion of the espresso market and a consumer push towards more premium products, it said.
The results were also helped by a 40% revenue increase in the division that serves professional customers, it added.
The company’s adjusted EBITDA rose 16.3% to 148.8 million euros in the third quarter.
($1 = 0.8575 euros)
(Reporting by Mirko Miorelli, editing by Anna Pruchnicka and Milla Nissi-Prussak)
