De'Longhi Bundle
Who Owns De'Longhi S.p.A.?
Understanding a company's ownership is key to grasping its strategic direction and accountability. Events like leadership transitions can profoundly alter this structure and the company's future path.
De'Longhi S.p.A., a prominent Italian manufacturer of small domestic appliances, traces its origins back to 1902 as a small workshop. The De'Longhi family's vision guided its transformation into a globally recognized brand in kitchen and home comfort products.
Who owns De'Longhi Company?
De'Longhi S.p.A. is a publicly traded entity on the Milan Stock Exchange (MIL: DLG). As of July 2025, its market capitalization stands at approximately $5.16 billion USD. The company is known for its extensive range of products, including coffee machines, air conditioners, and kitchen appliances, available under various brands. Examining its ownership structure reveals a blend of founding family influence, institutional investors, and public shareholders, all contributing to its strategic decisions and market presence. The company's product portfolio is diverse, with offerings that can be analyzed through frameworks like the De'Longhi BCG Matrix.
Who Founded De'Longhi?
The De'Longhi S.p.A. story began in 1902 as a small workshop in Treviso, Italy, founded by the De'Longhi family. Initially, the focus was on producing industrial components, but the business evolved over the decades. This evolution included manufacturing finished goods for other brands before the pivotal launch of their own branded appliance in 1974.
Founding Family
The De'Longhi company was established by the De'Longhi family in Treviso, Italy. Their entrepreneurial spirit laid the groundwork for the company's future success.
Early Operations
In its nascent stages, the business operated as a workshop specializing in industrial components. This early focus provided a foundation for manufacturing expertise.
Transition to Finished Goods
The company later transitioned its operations to manufacturing finished products for third-party brands. This move broadened its production capabilities and market reach.
Brand Launch
A significant turning point occurred in 1974 with the introduction of the first appliance under the De'Longhi brand. This marked the beginning of the company's identity as a consumer product manufacturer.
Family's Enduring Influence
The De'Longhi family's deep involvement from the outset has been crucial. Their continued significant stake highlights their enduring control and vision for the company.
Ownership Structure
While specific early equity details are not widely publicized, the company's history strongly suggests a foundation built on family ownership. This family-centric approach has guided its development.
The De'Longhi family's entrepreneurial vision has been the driving force behind the company's journey from a component workshop to a globally recognized appliance manufacturer. While precise initial investment figures from angel investors, friends, or family are not detailed, the consistent presence and substantial stake of the De'Longhi family underscore their foundational role and ongoing influence in shaping the company's direction and strategy, as seen in their approach to Growth Strategy of De'Longhi.
Key Milestones in De'Longhi's Early History
The early years of De'Longhi were characterized by strategic evolution and a commitment to family-led growth.
- Established in 1902 as a workshop in Treviso, Italy.
- Initial focus on industrial component production.
- Transitioned to manufacturing finished goods for third parties.
- Launched the first De'Longhi branded appliance in 1974.
- The De'Longhi family has maintained significant ownership and influence throughout its history.
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How Has De'Longhi’s Ownership Changed Over Time?
De'Longhi S.p.A.'s journey on the Italian Stock Exchange since 2001 has seen its ownership structure solidify around its founding family. A key event impacting this structure was the implementation of a dual-class share system in 2017, which rewards long-term commitment.
| Shareholder | Shares Held | Percentage of Ordinary Share Capital | Percentage of Voting Rights |
|---|---|---|---|
| De'Longhi family (via DE LONGHI INDUSTRIAL SA and THE LONG E TRUST) | 80,959,660 | 53.511% | 69.314% |
| Public Float | 70,335,077 (as of May 15, 2025) | 46.489% | 30.686% |
The De'Longhi family, through DE LONGHI INDUSTRIAL SA and THE LONG E TRUST, remains the dominant force in the company's ownership. As of July 3, 2024, their combined stake represented 53.511% of the ordinary share capital, translating to a substantial 69.314% of the total voting rights. This enhanced voting power is a direct result of a dual-class share structure, approved in April 2017, which grants two voting rights per share to those held continuously by the same entity for at least 24 months, thereby incentivizing long-term investment and control by the De'Longhi founder's lineage. The remaining shares, totaling 70,335,077 as of May 15, 2025, constitute the public float, held by a diverse group of institutional investors, mutual funds, and individual shareholders. De Longhi Soparfi SA is also recognized as a significant shareholder within this public float. The company's total share capital as of May 15, 2025, comprises 151,294,737 ordinary shares, valued at €226,942,105.5. A notable strategic development occurred in February 2024 with the business combination of its subsidiary Eversys S.A. and La Marzocco International LLC. This integration resulted in the De'Longhi Group holding approximately 61.6% of the newly formed entity, significantly bolstering its presence in the professional coffee sector, which saw its professional division grow by over 20% in the first half of 2025, largely driven by the performance of the La Marzocco and Eversys brands. Understanding the Target Market of De'Longhi is crucial to appreciating the strategic direction of the group.
Key Ownership Details
The De'Longhi family maintains controlling interest through specific investment vehicles.
- De'Longhi S.p.A. has been publicly traded since 2001.
- The De'Longhi family holds a majority of voting rights due to a dual-class share system.
- Institutional investors and the public own the remaining shares.
- A recent business combination strengthened the Group's position in the professional coffee market.
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Who Sits on De'Longhi’s Board?
The current Board of Directors for De'Longhi S.p.A. includes key figures from the founding family alongside independent members, ensuring a blend of familial oversight and external expertise in governance. Fabio de' Longhi serves as both Chairman and Chief Executive Officer, with Silvia de' Longhi as Vice Chairman.
| Board Member | Position |
|---|---|
| Fabio de' Longhi | Chairman and Chief Executive Officer |
| Silvia de' Longhi | Vice Chairman |
| Massimiliano Benedetti | Director |
| Ferruccio Borsani | Director |
| Luisa Maria Virginia Collina | Director |
| Christophe Cornu | Director |
| Cristina Finocchi Mahne | Director |
| Carlo Garavaglia | Director |
| Carlo Grossi | Director |
| Micaela Le Divelec Lemmi | Director |
| Stefania Petruccioli | Director |
| Nicola Serafin | Director and General Manager |
The voting power within De'Longhi S.p.A. is significantly influenced by a loyalty-based system, where shareholders holding shares for a minimum of 24 months are granted double voting rights. This structure, in place since April 11, 2017, effectively consolidates control with long-term investors, primarily the De'Longhi family. As of July 3, 2024, DE LONGHI INDUSTRIAL SA and THE LONG E TRUST, representing the family's interests, held 69.314% of the total voting rights, even though their stake in ordinary shares was 53.511%. This arrangement ensures substantial influence over the company's strategic direction and decision-making processes, aligning with the Mission, Vision & Core Values of De'Longhi. The appointment of board members and auditors is a prerogative of the Shareholders' Meeting, with the most recent meeting held on April 30, 2025.
De'Longhi Voting Power Dynamics
The company's voting structure is designed to reward long-term commitment from shareholders.
- Shareholders holding shares for at least 24 months receive two voting rights per share.
- This system concentrates voting power with stable, long-term investors.
- As of July 3, 2024, controlling entities held 69.314% of voting rights.
- This ensures significant family control over strategic decisions.
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What Recent Changes Have Shaped De'Longhi’s Ownership Landscape?
In recent years, De'Longhi S.p.A. has actively managed its share capital through buyback programs, demonstrating a commitment to shareholder value and strategic flexibility. These initiatives are part of a broader trend of corporate governance aimed at optimizing capital structure and rewarding investors.
| Program Start Date | Shareholder Approval Date | Approximate Value | Duration | Treasury Shares Held (as of Feb 21, 2025) | Percentage of Ordinary Shares Held |
|---|---|---|---|---|---|
| January 16, 2025 | April 19, 2024 | €60 million | Up to 6 months | 395,986 | 0.2617% |
The company's financial performance in the first half of 2025 showcased robust growth, with revenues reaching €1,584.2 million, an increase of 11.3% compared to the prior year. This positive trajectory is supported by an adjusted EBITDA of €240.7 million, representing 15.2% of revenues, and a net profit of €116.6 million, up 9.8%. De'Longhi has responded to this strong performance by raising its 2025 guidance, now anticipating revenue growth between 6% and 8% and adjusted EBITDA between €590 million and €610 million. This financial strength underpins the company's strategic decisions, including its significant move in the professional coffee sector.
Share Buyback Initiative
De'Longhi initiated a share buyback program in January 2025, authorized in April 2024. This program aimed to repurchase shares valued at approximately €60 million, contributing to the company's capital management strategy.
Financial Performance Highlights
The first half of 2025 saw significant revenue growth of 11.3% and a net profit increase of 9.8%. The company has consequently raised its full-year financial guidance for 2025.
Strategic Acquisition in Coffee Sector
The business combination of Eversys S.A. with La Marzocco International LLC, finalized in February 2024, resulted in the De'Longhi Group holding approximately 61.6% of the new entity. This strategic move strengthens the Group's presence in the professional coffee machine market.
Market Position Enhancement
This consolidation within the professional coffee sector is a key element of De'Longhi's strategy to enhance its market standing. Understanding the Brief History of De'Longhi provides context for these ongoing strategic developments.
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