Key Financial Results
Revenue: €658.8m (up 9.4% from 1Q 2023).
Net income: €51.3m (up 33% from 1Q 2023).
Profit margin: 7.8% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue.The persistent growth of the coffee business, as well as the recovery of the nutrition and food preparation category, led to an organic increase in turnover at constant currencies in the high single digits for the third consecutive quarter. The consistency of trends, combined with the one-month consolidation of the business combination between La Marzocco and Eversys, enabled the Group to increase turnover by about 10%”, commented CEO Fabio de’ Longhi.
Category Archives: coffee machines
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Ultimate products revenue down
Ultimate Products has said Brits are buying fewer airfryers than before, leading revenues to drop four per cent in the second half of the year.
Ultimate Products, which owns Britain’s oldest houseware brand Salter founded in 1760, reported revenues of £84m, down from £87.6m in the first half of 2023, which it said was due to waning sales of the machinesThe group, which sells Russell Hobbs cookware and laundry products under licence as well as owning the Beldray brands, floated on the London Stock Exchange in an IPO worth more than £100m in 2017.
World leader in small household appliances
Groupe SEB End-of-year 2023 sales confirmed the good performance of the results of the world leader in small household appliances, as confirmed by Stanislas de Gramont, Managing Director: “Groupe SEB returned to good organic growth momentum in its sales in 2023, and returns to the 8 billion turnover mark for this financial year.” A figure up slightly, by 0.6%, achieved in a difficult economic context.Groupe SEB achieved sales of €8,006 million in 2023, up 0.6% (i.e. +€46 million) in published data. Organic growth stands at a good level of 5.3%, or +€420 million. It is offset by a negative currency impact of the same magnitude coming from the depreciation of several currencies compared to the euro (notably the Chinese yuan). Finally, the turnover includes a limited scope effect linked to the integration of the acquisitions of Zummo, La San Marco and Pacojet.The Group’s Professional activity continued its excellent trajectory, posting organic sales growth of 16.2% in the 4th quarter, on a more demanding base effect. This activity brings together Professional Coffee, which constitutes nearly 90% of sales, hotel equipment, Krampouz, Zummo and Pacojet.
In 2023, the turnover of the Professional activity stood at €962 million, up 26.5% like-for-like compared to last year.
This remarkable performance is mainly due to record sales in Professional Coffee driven by the Group’s main markets (China, the United States, Germany and the United Kingdom), both in machine sales and supply. Services. Machine sales were supported by an increasingly extensive and diversified customer portfolio, supporting the recurrence of turnover, as well as the deployment of major contracts with key customers such as Luckin Coffee in China, Greggs in the United Kingdom. or QuikTrip in the United States. Furthermore, the continued development of services and their digital component reinforces the attractiveness of the Group’s offering and contributes to strong growth in turnover.
Furthermore, the Group made significant developments in 2023 to support its strategic ambition in Professional. The acquisition of La San Marco allows the Group to extend its product offering to traditional coffee machines, and that of Pacojet strengthens the Group’s presence in professional kitchens.
Groupe SEB also announced the construction of its first Professional Equipment Hub in Shaoxing, China
Ufesa participates in Ambiente 2024
Ufesa presents its new products and its wide variety of kitchen and home products in the new edition of Ambiente, which was held from January 26 to 30, 2024 in Frankfurt. The company shares prominence with Zelmer and SDA, other of the group’s brands.
Currently, the firm is working on the development of products aimed at transforming the culinary experience to adopt healthier and more efficient practices. Among the new launches, there are several categories such as coffee makers, air fryers and blenders.
The Sensazione super-automatic coffee machine is a 100% made in Spain product, which stands out for its Safe and Grind stainless steel grinder, its 5 adjustment positions and the tank for lovers of ground coffee. It has Friendly Clean technology that simplifies cleaning and maintenance. Thanks to One Touch, you can select the type of coffee, the quantity and choose 3 intensity levels according to the consumer’s preferences. Likewise, the Capriccio 12 Delux drip coffee maker, with a 12-cup capacity, is equipped with a permanent filter, anti-drip valve and automatic shut-off.
The firm also exposes one of the most successful product categories, air fryers. Some of the models that can be seen at the fair are the Magnum digital air fryer, which is distinguished by its large capacity of 23 l, dual resistance for uniform cooking and 8 preset programs, including rotisserie; and the Inox Eagle air fryer, with a window and interior light in its 6.5 l bucket.
Within the extensive variety of Ufesa mixers, there are models with whisks, cups and kneaders. The Vario range includes a model with an XL foot and features an ergonomic design. In addition, its great power and 4 titanium blades allow you to make creams, smoothies and even crush a block of ice.
The B&B Trends group has a wide variety of high-quality technological solutions with the characteristic seal of European Manufacturing.
De’ Longhi: new global coffee machine hub is born
De’ Longhi has agreed to buy from its parent company a stake in high-end espresso machine manufacturer La Marzocco as it bets on coffee to pep up growth.
Milan-listed De’ Longhi will spend $374 million to acquire 41.2% of La Marzocco from De’ Longhi Industrial, its parent company, as well as from other minority shareholders, to create a hub with its existing Eversys coffee machine-making operation.De’ Longhi will control around 61.4% of the new hub which will see the two companies remain independent, while reaping benefits in terms of savings and chances to cross sell products.
New Franke showroom marks ‘last step’ of rebrand
Franke unveils its newly renovated showroom in Switzerland, the birthplace and home of the Swiss multinational, marking the latest milestone in its exciting journey, now spanning over 100 years. The new design of the showroom perfectly represents Franke’s new look brand image and evokes the Franke brand promise of transforming change into opportunities for a better living. Franke Home Solutions, the division of Franke Group that is dedicated to all things in the home, and the world’s leading provider of intelligent systems and solutions for the residential kitchen, the showroom symbolises the story unfolding at the Franke headquarter in Aarburg and around the world.
The only constant is change
The brand philosophy and the new appearance stand for finding new ways to face constant change in an intelligent way. As an integrated system provider, Franke Home Solutions combines exclusive design with full functionality, Swiss quality and sustainable innovations for a better life.
In the newly opened showroom, these aspects come together in perfection. The “Great Stage” campaign launched by Franke Home Solutions a year ago unveiled in a creative, visually impactful way how Franke’s intelligent home solutions and design empower a kitchen that fits all home-lovers’ desires and fulfils their evolving life ambitions.
Polti re-enter coffee machine market
Polti comes back to the espresso coffee machine market with a new product: Polti Coffea , an appliance that works with ESE (Easy Serving Espresso) pods . The launch coincides with that of SOLO , the single origin espresso coffee in ESE pods offered by Aroma Polti , a Group company specialized in the marketing and distribution of coffee. The two proposals are designed in combination (although Polti Coffea can work with all types of 44 mm ESE pods) and are a solution that aims to be an alternative to plastic capsules . At a design level, Polti Coffea is conceived in such a way as to be practical in use and easy to clean. Furthermore, the pod ejection drawer is automatic , allowing the user not to get their hands dirty. The removable tank also simplifies the water filling operations and the automatic switch-off supports the energy optimisation. The machine allows user to prepare espresso in a few moments and is equipped with a system for regulating the quantity of coffee dispensed and the temperature . Polti Coffea is realized in four models (two black and two white) with metallic finishes. Upon purchase, the product is supplied with a tasting kit including 54 pods of SOLO single origin coffee . Finally, the Polti Coffea range will be expanded with new models in the first half of 2024
SMEG Design Europa coffee machine
Smeg received the DesignEuropa Award for its BCC Full Automatic coffee machine. Organised by the European Union Intellectual Property Office (EUIPO), the DesignEuropa awards recognise and reward great products and designers in the field of industrial design. The finalists stood out from almost 700 applicants for setting new standards in design, as well as prioritising sustainability and social impact.
The BCC machine represents a perfect synthesis of Smeg’s vision – the company said – a product with an iconic design that conceals advanced technology. It is the dialogue between technology and design that makes the product empathetic and user-friendly, so that the user can use it at any time of day
BBC by Smeg is an automatic coffee machine with a milk system. It features thermoblock heating system that ensures a faster preparation time for the machine and precise temperature control of the water for coffee extraction; built-in coffee grinder; foam for every drink thanks to the integrated milk system; pump pressure 19 bar for an always correct extraction of the espresso. The machines, available in White, Black and Emerald Green, can prepare 5 coffee drinks, 4 milk drinks and ha the hot water function.
La Brillante from Gaggia
La Brillante by Gaggia Milano ( Evoca Group ) is among the company’s latest innovations in the field of coffee machines for the Out-of-Home sector. It is a fully automatic model , characterized by a contemporary and minimalist design. “La Brillante – the company explains – is equipped with the innovative foam maker, PrimeMilk , and is available in several layouts. In addition to top-quality, hot foamed fresh milk-based beverages, PrimeMilk enables operators to make minute adjustments to the delivering amount of foam electronically, via the 7-inch touchscreen . The same meticulous attention to detail has been applied to ensure that La Brillante is intuitive and easy to use , especially in terms of everyday maintenance , both by technicians and unskilled staff. Thanks to the touchscreen, operators can also set up fully-automated cleaning cycles with just one touch, or access useful troubleshooting tips when technical issues need to be addressed”.
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