Category Archives: Air treatment

Elica results

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Elica Spa has approved the results for the first half of 2023 – prepared in accordance with the IFRS international accounting standards. Revenues fell 12% from 290 to 254.5 million. EBITDA has also fallen in line, which continues to represent almost 10% of turnover. Preserving gross margins has been an important success for the group, achieved thanks to strategic initiatives implemented in recent years, such as constant cost control, flexibility deriving from the new production footprint and the “Supply Chain Finance Solution” project for better management of circulating. Margin expansion, with a significant increase of 80 basis points between the prior first and second quarters, confirms the commitment to sustained profitability and operational excellence.Profit fell 38% from nearly $14 million to $8.5 million The Cooking division, which represents 76% of total turnover, recorded a drop of -15%. Also in the second quarter, own brand production partially compensated for a strong reduction in demand in the OEM area

The Engines division, which represents 24% of total turnover, shows the first signs of a slowdown, showing a slight contraction in sales equal to -2.8%. The “ heating ” and “ ventilation ” areas , and in particular the heat pump segment, continue to represent segments with high profitability and significant diversification opportunities. Sales in EMEA, which represents 80% of total revenues, recorded a decrease of -10.9%, thus aligning Elica’s performance with that of the market.

“In a difficult macroeconomic context, the whole group has demonstrated its ability to face challenges with great speed, managing to defend margins and not slow down on strategic projects. We will also face the next few months with the usual passion, being ready to accelerate when the recovery occurs. I am sure that the team, the completion path of the cooking product range and the opportunities of the engine division will support growth in the long term and will continue to create value for shareholders and our stakeholders” . declared Francesco Casoli

Falmec quantum pro

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A new version with improved controls and cooking technology: Falmec presents Quantum Pro , an evolution of the original Quantum model, the integrated cooking system inspired by the unique and indivisible concept of quantum particles.

Quantum Pro is characterized by a new touch slider with display and stands out for its high performance and new functions which include automatic pan recognition , the cooking timer for each zone and the Keep Warm function and retains the elegant and minimal aesthetics of the classic version, enhancing it even more thanks to a precious “all black” serigraphy , in line with the latest trends in kitchen design

Glen Dimplex profit increase

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The main business of Glen Dimplex, the Irish-headquartered heating, cooling and appliance giant, nearly quadrupled its profits last year as the company substantially concluded a period of restructuring.
Newly filed accounts for Glen Dimplex European Holdings, which makes up about 60pc of group operations, showed the business made a profit of €42.8m in the year to September 30, 2022, up from just €11m in the previous year.

Glen Dimplex increased turnover by just 4pc in the period to €944m, with growth coming mainly from the group’s energy efficient heating and ventilation products, which are in high demand in the EU because of public policy initiatives.
“Encouragingly, the strong profit growth experienced in the 2021/22 financial year has continued into the early part of the 2022/23 financial year and the outlook remains positive driven by strong underlying demand trends, a supportive policy environment and fiscal supports for end users,” the accounts stated.The company, which is owned by the Louth-based Naughton family, has been undergoing a transformation in recent years to focus more on sustainability and the electrification of energy, increasingly via smart tech.The firm sold the well-known consumer appliance business Morphy Richards to long-term Chinese manufacturing partner Xinbao for €185m. Glen Dimplex retained the rights to distribute the brand in Ireland, New Zealand and Australia for 10 years as part of the deal.The shift has seen Glen Dimplex become very busy in terms of mergers, acquisitions and disposals, with the company an active buyer of heating and ventilation businesses

Midea air station

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These days we all want more from our devices. Well, now you can have a standing air conditioner that not only keeps you cool, but combines the functions of a dehumidifier, humidifier, aircon, ventilation fan,and air purifier all into a single device. The Midea Air 5D Space Station Air System comes with a 3L water tank with a silver ion coating, ensuring cleaner and safer water storage.

With the Microclimate Sensory Mode that scientifically adjusts all five properties of air climate: air flow, humidity, temperature, purity, and freshness, taking control of your indoor climate is only a click away.

According to Midea, the Midea Air can purify an apartment by effectively removing 99.5% of PM2.5 articles with its sterilisation technology in 15 minutes.

Dyson purifier for commercial surroundings

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Introducing the Dyson HEPA Big+Quiet Formaldehyde.

It’s no surprise that workspaces can harbour pollutants such as viruses, bacteria, pollen and formaldehyde. That’s why Dyson latest machine purifies large spaces up to 100m² – all at sound levels below 55.6dB(A).

Powerfully and evenly projecting purified air at low noise levels, for peaceful whole-room purification.

Black+Decker launches new range of washing machines and ACs in India

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Black+Decker washing machine and air conditioner range will be available online on Amazon.in and Flipkart and offline on authorised retail stores starting June 3. The price of the washing machines starts at Rs 24,999, whereas the ACs comes with a starting price tag of Rs 36,999.

The company has also announced that the large appliances will come with 10 years of warranty on motors and compressors of washing machines and air conditioners. The products will also come with a comprehensive warranty of 2 years and a warranty of 5 years on the main board.company has introduced two front load washing machine models in 6 kg and 8 kg capacities.the company has also launched the top load washing machine model with 7.5 kg capacity. The Black+Decker washing machines offer special features like BLDC motor with an advanced Tub on a Hex-Net Crystal Design and a Triple Velocity Jet system. The machines also feature a Built-in Heater, Fabric Specific Smart Wash Programs and Hygienic Drum Clean.The company has launched three models of the Black+Decker air conditioner models which include 1.5 Ton and 2.0 Ton. The 1.5 ton model will come in two variations. Along with this, the air conditioners also feature simple, minimalistic design. The air conditioners also include special features like Infinity Impeller, CAD Sensor, Quad-Convertible and R32 Eco Friendly Refrigerant.

Faber collection,2023

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The new Faber S.P.A. catalogue has arrived. Collection 2023 is officially launched and available to download from our website.

The latest novelties in our product range are available to see, including the full Air Hub range, the Galileo range of hob extractors and also our award-winning Beat XL.

Take a look for yourself and discover how Faber is providing the purest air experience for your home.English – https://lnkd.in/dquCCka3

Greaidea to launch new hood

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Greaidea to launch new model of Rangehood，
Big suction, low noise,

Over 20 Years Of OEM & ODM Experience In Gas Hob, Gas Water Heater and Range Hood

– Established in 2000, the past over 20 years witnessed great chances of our product, R&D, quality level, and service as well. From now on, Greaidea has its own two production bases with over 500 employees, covering 100,000㎡. In order to meet the growing marketing needs, we have equipped with 6 assembly lines for gas hob and range hood, 3 assembly lines for gas water heater.

Electrolux Posts Q1 Loss, Sales Rise, Backs View; Stock Up

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Swedish home appliance major Electrolux AB reported Friday a loss in its first quarter with weak volumes hurt by lower demand. Net sales, however, was higher than last year, and the company maintained its fiscal 2023 forecast. In Stockholm, Electrolux shares were gaining around 9 percent.

President and CEO Jonas Samuelson said, “Our number one priority for 2023 is a successful implementation of the Group-wide cost reduction and North America turnaround program…. The actions and performance in the first quarter are fully aligned with our 2023 full-year cost reduction plan. …Sustainability is at the core of our strategy and I am proud that we reached both of our 2025 science-based targets three years ahead of plan. The business and market outlooks for 2023 full year provided in the fourth quarter 2022 earnings report remain unchanged The company previously said the consumer sentiment in the new year is anticipated to continue to be negatively impacted by a high inflation and interest rate environment, although with regional differences.

Demand for core appliances in 2023 full-year is still expected to be negative for all regions except for the Asia-Pacific, Middle East and Africa region, which is assessed to be flat compared to 2022.

Based on this, volumes in 2023 are expected to decline year-over-year.

Over the mid-term, the company still projects to reach Group operating margin of at least 6 percent, both for the Group and for business area North America.

According to the firm, a key component is the estimated earnings contribution of above 7 billion kronor in 2024 compared to 2022 from the cost reduction program, whereof 4 billion kronor to 5 billion kronor is expected in 2023. The company also recorded commercial growth in all four business areasElectrolux further said it aims to increase aftermarket sales to approximately 10 percent of Group sales by 2025, from around 7 percent in 2022.

For the first quarter, loss was 588 million Swedish kronor, compared to last year’s profit of 950 million kronor. Loss per share were 2.18 kronor, compared to profit of 3.40 kronor a year ago.

Operating loss amounted to 256 million kronor, compared to profit of 1.58 billion kronor last year.

Adjusted operating income was 305 million kronor, compared to prior year’s 919 million kronor. Adjusted operating margin was 0.9 percent, compared to 3.1 percent a year ago.

The year-over-year decline in underlying operating income was mainly a result of lower volumesNet sales increased 9 percent to 32.73 billion kronor from 30.12 billion kronor last year. Organic sales growth was 2.2 percent. Price remained solid, while weaker market demand resulted in lower volumes for the Group as a whole.Stockholm, Electrolux shares were trading at 146 kronor, up 9.12 percent.