 | |
| Company type | Public |
|---|---|
| BIT: DLG FTSE Italia Mid Cap | |
| Industry | Home appliances |
| Founded | 1902; 124 years ago (1902) |
| Headquarters | , Italy |
Area served | Worldwide |
Key people | Giuseppe De'Longhi Fabio De'Longhi (chairman andCEO) |
| Products | Heaters,air conditioners,vacuum cleaners,espresso machines,kitchen appliances andsmall appliances |
| Revenue | €2351.3 million (2020)[1] |
Number of employees | 9000 (2020)[1] |
| Website | www |
De'Longhi S.p.A. (Italian pronunciation:[deˈloŋɡi]; stylized asDēLonghi) is an Italiansmall appliance manufacturer based inTreviso, Italy.[2]
The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop.[3] The company incorporated in 1950.[4] Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments.[5]
De'Longhi is especially well known for the Artista Seriesespresso machines, the De'Longhigelato maker as well as the Pinguino portableair conditioner.
De'Longhi is known for the design of its products. Its Esclusivo line of kitchen appliances won theRed Dot design award in 2007.[6]Home Furnishing News recognized the firm's Design Director Giacomo Borin[7] as one of the 50 most influential designers in the world in 2006.[8]
De'Longhi's 2000 acquisition ofClimaveneta S.p.A. and DLRadiators allowed De'Longhi to enter the commercialHVACR (heating, ventilation, air conditioning and refrigeration) market.
Its acquisition of the British appliance makerKenwood for £45.9 million[9] (about $66.7 million) in 2001 gave it access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now imported fromChina, while design and engineering remain largely in Italy.[10]
Acquisition of a majority stake in RC Group, a leading player indatacenter cooling, in 2006 has strengthened its presence in the HVACR market.[11]
In all, the company operates 13 production facilities and 30 international subsidiaries that support sales to 75 countries worldwide. International sales account for nearly 75 percent of the group's total revenues, which topped€1.63 billion in 2010.
On 2 January 2012 theDeLclima group was set up as a demerger from De'Longhi.[12]
On 16 April 2012, De'Longhi bought perpetual rights to manufactureBraun branded products fromProcter & Gamble in the small appliance segment. Procter & Gamble will continue to own the Braun brand. €50 million was paid immediately and €90 million will be paid over the next 15 years.[2]
In 2018, India-based Orient Electric partnered with De'Longhi to market small kitchen appliances in India.[13]
In November 2020, De'Longhi announced the acquisition of Capital Brands, which specialized in mixers, for 420 million euros.[14]
Shares in the company are traded onMilan's stock exchange under the ticker symbol DLG. Revenues have steadily increased to nearly double the revenue from 2014. In 2022, revenue was€3,160,000,000.[15][16]
In October 2017, theAsthma and Allergy Foundation of America and Allergy Standards Limited announced that five De'Longhi dehumidifiers have earned theAsthma and Allergy Friendly Certification. These are the first dehumidifiers to receive the program's mark.[17]
De'Longhi faced criticism for continuing its operations in Russia following the country's invasion of Ukraine in 2022. Although the company paused new investments and development in March 2022, it maintained its existing operations, including a production plant in Tatarstan. Reports indicated that household appliances from De'Longhi, initially produced for the Ukrainian market, were redirected to Russia and sold through marketplaces and electronics store chains.[18] Additionally, De'Longhi's Russian website remained active, job vacancies were posted for positions in Russia, and advertisements continued on platforms like YouTube, leading to further scrutiny over the company's ongoing business activities in the region.[19]
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