Q1 2022 De' Longhi SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the De'Longhi first quarter 2022 consolidated results.
(Operator Instructions) At this time, I would like to turn the conference over to Mr. Massimo Garavaglia, CEO. Please go ahead, sir.
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Good afternoon, ladies and gentlemen, and welcome to the De'Longhi Group's Q1 '22 Results Conference Call.
Today, we may have Marco Cenci, Chief Strategy and Control Officer; Stefano Biella, CFO; Fabrizio Micheli, Director of M&A and Investor Relations; and Samuele Chiodetto, Investor Relations.
Over the last 2 years, we have seen a significant increase in consumption in the small domestic appliance business, thanks to the change in consumer habits and purchasing [charges] and the consolidation of some medium-term trends already in place in the market.
In the first quarter of 2022, despite a difficult comparison with prior year, we
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