Author Archives: whitegoodsnow

Glen Dimplex turnover increase

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Revenues at Glen Dimplex electrical group have started to rebound quickly, according to accounts for one of the main cogs in the group.

Dublin-registered Glen Dimplex Europe Holdings, which captures the majority of the group’s global business, recorded a 17 per cent rise in turnover last year to more than €930 million,
The accounts, which cover the 12 months to the end of last September, show a return to profit after losses incurred at the height of the pandemic.

The unit recorded an operating profit of €16.3 million, compared with an operating loss of €10.2 million the prior year. After adjustments, the profit before tax was €11 million, compared with a loss of €42.6 million in 2020.

A note by the directors, who include chief executive Fergal Leamy, attributes the financial turnaround to Glen Dimplex reaping the fruits of a €180 million investment and restructuring programme.

The company is retooling its operations to seek growth primarily in the heating and ventilation and flame divisions. The flame division includes decorative fake fires that sit in hearths.

The directors highlighted that they expect growth in future to be driven by Government grants for less environmentally damaging heating systems. It said last year’s growth had continued into 2022.

Glen Dimplex Europe Holdings invested more than €29 million in research and development last year, the accounts suggest. It employed close to 4,400 staff. Covid wage subsidies received fell to €1 million from €8 million.

The management team at the business shared a pay pot of €7.4 million, up from €6.6 million. A Naughton family-controlled entity in the Isle of Man that owns the business was paid dividends of €2.45 million, while €2.5 million was paid to the Naughton Foundation, a charity established by the company’s founder, industrialist Martin Naughton.

Glen Dimplex, which also operates a consumer appliances division, recently agreed to sell its Morphy Richards home appliances brand to a Chinese company, in a deal believed to be worth between €175 million and €200 million

Elica to purchase Air Force

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Elica SpA, leader of the Group that produces cooker hoods and extractor hobs, has entered into an agreement which provides for the purchase from Urbano Urbani, minority shareholder of the subsidiary Air Force SpA, of 40% of the latter’s share capital. This operation will allow Elica to take over Air Force SpA to 100% Air Force is a company of the Group that manufactures high quality cooker hoods and hobs, characterized by a high level of customization and uniqueness. The offer is aimed at a specific market niche and is able to satisfy the customer’s needs for product customization, moving away from the mass market.

Air Force SpA was established in 1997, its mission has always been the continuous innovation of extractor hoods and induction hobs. All through study and innovation, accompanied by the desire to launch a style, to propose a Made in Italy even more focused and advanced on the selection processes, where high quality is expressed with functionality and reliability, design and innovation.

Experience, design, flexibility and innovation made in Fabriano are the characteristics that fit perfectly into the development and growth of the Elica Group.

In numbers, the Air Force achieved a turnover of approximately 31.0 million euros in 2021 and an Ebitda of approximately 1.6 million euros with a cash balance of 5.4 million euros.

Fisher & Paykel Australia

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Fisher&Paykel Australia recently held a new Haier brand product introduction conference jointly with the local TOP3 retail channel T, with over 150 sales staff and dealers attending the meeting. It was officially announced that the new series of Haier kitchen appliances debuted in 105 stores of channel T across the country, helping the development of Haier kitchen appliances in Australia At the meeting, the team invited its brand ambassador, a famous chef Justine Schofield, to give a cooking demonstration on site by the brand-new products offerings including ovens, cooktops and rangehoods, fully demonstrating the diverse functions of Haier “whole of home” kitchen scenario.
Meanwhile, local Haier brand product/region managers also gave detailed presentations of Haier new series of quad-door refrigerators that have just been launched and the hero dishwashers that will be launched in the second half of the year.

So far in Australia, Haier’s black/graphite sets of home appliances and “whole of home” solutions has been more complete, providing users with a full-scenario leading and comfortable home life experience.

In Australia, Haier brand’s strong development momentum continued in 2022. Its latest overall revenue in May increased by 75%, and its market share saw a robust lift of one point within a single month, hitting a record high. In the future, the team will continue to expand the market and leverage Haier’s globalization advantages to achieve higher goals.

Whirlpool to divest Russian operations

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Whirlpool’s global headquarters in Benton Harbor.

Whirlpool Corp. is selling off its operations in Russia. 

The company’s Whirlpool EMEA SpA subsidiary inked a share purchase agreement to divest the operations to Arçelik A.Ş., a maker of household appliances and durable goods based in Istanbul, Turkey, according to a filing with federal securities regulators.

Under the deal, Whirlpool will sell its Russian operations to Arçelik for deferred payments that it expects the buyer to make over a 10-year period. The payments will be capped at the net asset value of the business at closing, which Whirlpool estimates at around 220 million euros, or about $232 million

The sale will include a manufacturing plant in Lipetsk, Russia, and a sales organization in Moscow, as well as sales operations in Kazakhstan and other nations in the Commonwealth of Independent States. 

After the close of the deal, Arçelik will continue to make Whirlpool brands Indesit, Hotpoint and Stinol at the Lipetsk facility, according to the filing. 

Visione Kettle

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Visione from Strix the only induction hob top kettle with intuitive auto switch off technology

Visione is a world first. It is totally cord free. There is no electric base making the kitchen worktop look untidy as this space-saving design is compatible with induction hobs. No cord means no clutter, it even goes in a dishwasher! 

The intelligent auto stop technology automatically switches off at boil and has integrated boil dry protection making it the safest kettle of its kind. No more close watching, no more boiling over and with no need for a whistle Visione is the quietest boil ever.Strix is the global leader in the design, manufacture and supply of kettle safety controls
as well as other complementary water temperature management components, appliances and water filtration products.

New president of APPLiA –

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Arcelik’s CEO, Hakan Bulgurlu, has been elected as the new president of APPLiA – Home Appliance Europe, the Brussels-based association representing home appliance manufacturers in Europe.

Since 2015, Hakan Bulgurlu has been CEO of Arcelik. He is also a member of the World Economic Forum’s CEO Climate Leaders Alliance and the Amstel Dialogues, an initiative that aims to foster innovation in Europe.

Taking over the presidency from Dr. Peter H. Göetz, Executive VP of BSH Europe and outgoing APPLiA President, Bulgurlu addressed the members of the Association during the APPLiA General Assembly in Sofia. In his commencement speech, Bulgurlu shed light on the great progress made by the sector over the past years. “Commitment and dedication have been the key drivers behind Dr. Göetz’s term, and the scene is now set for a successful cooperation,” he said. Amid the shift to a post-pandemic era and Europe’s economic recovery, the industry is called to face the cross-cutting effects of the impending geopolitical challenges, affecting millions of lives and sectors across Europe and the wider world. This is further aggravated by one of the most pressing issues faced by humankind: climate change. The subsequent increased levels of energy insecurity that come with it call for a prompt energy transformation. “As an Association, we have a huge responsibility in advancing the set energy efficiency goals, to leave our children a better planet,” pointed out Arcelik’s CEO. In this regard, the role of the young generations is crucial “as the present issues will directly affect the lives of the consumers of tomorrow,” he highlighted. This surely represents a challenge, but also a great opportunity, for the home appliance sector to capitalise on the successes achieved so far and continue to actively shape the energy transition.

Teka steakmaster

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Multifunction Pyrolytic oven with special Grill and Cast iron grid for Steaks Exclusive SteakGrill technology (700º) to prepare meat as in a barbecue
Cook Steak, Entrecote, Rib eye steak or grilled hamburgers in just a few minutes All you need to get the perfect steak
Discover SteakMaster, the first and only oven that gives you a restaurant-quality steak at home. Thanks to the innovative and exclusive technology developed by Teka alongside Michellin Chefs, that guarantees the best results in each preparation. Welcome, steak lovers.
Special cast iron grid to prepare grilled meats
20 Special automatic meat programs
DualClean Pyrolysis + Hydroclean® PRO Cleaning System
Included Accessories: 210mm Arcos®️ professional knife and special grill glove with an exterior silicone design