ILVE proudly presents their newest addition: the Panoramagic induction Matte Black collection. This exclusive Italian design cooker takes style and functionality to the next level. The Panoramagic 120 induction Matt Black is an absolute eye-catcher for every kitchen , with its clean lines, elegant appearance and robust design. Designed with an eye for aesthetics, this cooker shows how Italian passion for design and craftsmanship come together..
During the second quarter Electrolux professional grew profitably taking another positive step towards our financial targets. Overall market demand has held up well in the quarter, and our order stock remains at a good level”, says CEO Alberto Zanata on the Q2/2023 report.EBITA in the second quarter of last year, excluding items affecting comparability of SEK -35m, amounted to SEK 268m, corresponding to a margin of 9.8%.
Operating income amounted to SEK 345m (196), corresponding to a margin of 10.9% (7.2).
Income for the period amounted to SEK 257m (132), and earnings per share was SEK 0.89 (0.46).
Operating cash flow after investments amounted to SEK 462m (88).Contact & head office
Electrolux Professional AB interim report Q2 2023
July 21, 2023
Interim reports – Press releases
Regulatory
Second quarter, April-June 2023
Net sales amounted to SEK 3,153m (2,731). Sales increased by 15.5%. Organically sales increased by 8.3%. Currency had an effect of 7.5%. The divestment of the Russian operations in 2022 had a negative effect of 0.3%.
EBITA amounted to SEK 385m (233), corresponding to a margin of 12.2% (8.5). EBITA in the second quarter of last year, excluding items affecting comparability of SEK -35m, amounted to SEK 268m, corresponding to a margin of 9.8%.
Operating income amounted to SEK 345m (196), corresponding to a margin of 10.9% (7.2).
Income for the period amounted to SEK 257m (132), and earnings per share was SEK 0.89 (0.46).
Operating cash flow after investments amounted to SEK 462m (88).
Alberto Zanata, President and CEO:
“Another positive step towards our financial targets
During the second quarter we grew profitably taking another positive step towards our financial targets. Sales increased organically by 8.3% compared to last year, and EBITA improved significantly to SEK 385m (233) with a corresponding margin of 12.2% (8.5). The higher EBITA was driven by price, and volume growth in Laundry.
Food and Beverage grew organically by 0.5% compared to last year with an EBITA margin of 12.2% (10.0) Sales grew in Europe, but declined in Americas and in Asia-Pacific. Business in China has not taken off as expected after the postpandemic re-opening. Sales declined in the US, mainly driven by a significant drop in our distribution sales of refrigerators due to destocking among customers. Order intake for the Food & Beverage segment remained at a good level overall despite somewhat softer demand in the US.
Laundry achieved an organic sales growth of 28.5% with particular strength in Europe and the US. The EBITA margin improved to 16.4% (10.4) due to volume and price, while the corresponding quarter of last year was impacted by component shortages. Order intake for Laundry was good.
South Korea’s home appliance giant LG Electronics Inc. has launched LG Labs, a playground for those wanting to test unconventional ideas that can add innovation and fun to people’s everyday lives.
LG Labs is now available at LG Electronics’ official website, according to the company’s website on Friday.
There, visitors can find products and services that are very different from LG Electronics’ well-known white goods like refrigerators and washing machines.
That’s because at LG Labs, innovative ideas are vigorously tested and developed into products, services and marketing activities by people both inside and outside LG Electronics, according to the company
New Induction hobs added to the Samsung Home Appliance portfolio for UK Retailers
This is the New Samsung Series 6 80cm SlimFit hob, ideal for shallow depth worktops, no midshelf required, increasing the space below for storage in a larger drawer.
They also come with seamless Hob to Hood connectivity, all interactive via SmartThings
Versuni, formerly known as Philips Domestic Appliances, introduces the Philips Airfryer Combi 7000 Series XXL Connected. The new Airfryer automatically senses and adjusts its cooking to user preferences. It features Rapid CombiAir cooking technology that uses high, low, and dynamic airflows to enable up to 22 cooking functions including fry, grill, roast, bake, braise, sous-vide, slow-cook, toast, dehydrate and defrost.
The new Airfryer has an integrated food thermometer, ensuring food is never under- or overcooked. Enhancing the cooking experience further, the model is also equipped with an auto-cook program; simplifying the cooking process through learning and adapting as it connects to the NutriU app to offer recipe inspiration and step by step cooking guidance.
Moreover the appliance has XXL capacity, ensuring it cooks more food in less time. The device has been designed to make it easier and more convenient for batch cooking or making meals for 7+ people with the XXL capacity of 2kg/ 8.3L. Philips Airfryers use up to 60% less energy compared to a traditional oven and is also up to 1.5 times faster. In addition, the innovative design makes cleaning the Airfryer’s interior easier, all removable parts are also dishwasher safe.
New Tall Integrated Refrigeration is getting some real consumer focus due to strong uptake of UK showroom displays.Total No Frost & Power Cool.
▪︎ SpaceMax™ Technology = More inside, same size outside
▪︎ Smarter and more efficient food storage
▪︎ Easy remote control anytime, anywhere being Wi-Fi Embedded & SmartThings
▪︎ Energy Saving
SmartThings AI Energy Mode, tbis analyses your refrigerator usage patterns and estimates power consumption, based on AI technology
▪︎ All-Around Cooling
▪︎ Optimal Fresh +
Control the freshness with two temperature zones
▪︎ Digital Inverter Technology
Enjoy a long-lasting performance
▪︎ 5 Year Warranty on Parts & Labour
Introducing BioFresh Professional Technology with HydroBreeze from Liebherr Appliances, the ultimate solution for keeping your food fresher for longer. Our advanced cold mist system ensures crisp freshness and improved structure, providing the highest quality in food preservation technology. Trust Liebherr Appliances to keep your food fresh and flavorful for extended periods.BioFresh Professional, an enhanced version of BioFresh, offers a wider temperature range keeping food fresher, longer. Through customized temperature selection, specially designed for delicate items like fish and seafood.
HydroBreeze creates a cool mist each time the door is opened to coat vegetables with a layer of protection, similar to your favorite local grocery store.
VarioTemp allows the freezer compartment to be converted to refrigeration, increasing capacity as needed, offering a wide temperature range from 28°F to 57°F, creating the ideal climate for preserving a range of items from seafood to root vegetables such as potatoes
The Electrolux Group site in Susegana has opened its doors to the Plastics Recycling Award Europe 2023 – Automotive, Electrical or Electronic Product of the Year 2023! The award was in fact won by Green Zone MaxiSpace, the refrigerator developed and manufactured at the Treviso site. Green Zone MaxiSpace is the first built-in refrigerator with internal linings made of 70% recycled plastic from decommissioned refrigerators and represents a record in its category, given that 13% of the plastic used overall for its construction is recycled plastic. Thanks to the precious work of all Susegana colleagues, from those who work in R&D, in purchasing and up to those who work directly in the production areas, Green Zone MaxiSpace is a concrete example of our commitment to research and implement new and sustainable solutions, which allow us to reuse and reduce waste and the use of virgin materials. An approach that is also very popular with our consumers, who demonstrate that they perceive the value of this product both from the point of view of aesthetics and sustainability.
BRAND NEW from Be Morden Ezra 600-3SP Electric Micro Marble Fireplace Powered by Arteon 600-3SP
Available in: White, Rigel or Pearlstone
App Controlled / Remote Controlled / Manual Controlled
Fuel Bed & Downlight Colours
Patented Slimline 1.5kW Heater System
3 Flame Colour Settings & 5 Brightness Settings
Redesigned Ultra Real Loose Logs
Samsung continues to add to the range of Home Appliances for the UK with new built-in dishwashers
For many consumers the flexibility of seamlessly adding additional Samsung products to their existing home products can be achieved with the app #Smarthings
