Elica reports revenue decline for first nine months of 2026

Elica, a company listed on the STAR segment specializing in kitchen hoods and appliances, has released its financial results for the first nine months of 2026. The company reported revenues of 326.44 million euros, representing a 6.6% decrease compared to the 349.5 million euros recorded during the same period in 2025. This decline is attributed to persistent weakness in demand across certain target markets.

Despite the drop in revenue, the normalized operating margin stood at 21.8 million euros, with overall profitability improving from 6.3% to 6.7%. This improvement was driven by cost containment measures, industrial flexibility, and initiatives to align production capacity with current demand levels. The normalized operating result rose by 4.7% to 4.85 million euros.

The normalized net result was negative at 2.29 million euros, though this shows improvement over the 3.26 million euro loss reported in the first nine months of 2025. In the third quarter of 2026 alone, Elica reported a turnover of 102.98 million euros, a 6% decrease from the previous year, but achieved a positive normalized net result of 663,000 euros.