Category Archives: Commercial

Electrolux Professional AB interim report Q2 2023

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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.

Granuldisk in strategic alliance with Silanos

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Granuldisk, a global leader in pot washing and granule technology, has entered an alliance with Italian Silanos, a market-leading dishwasher manufacturer in Europe. The coalition is a strategic investment by Granuldisk’s owner, Swedish investment company Sandberg Development, with the goal of developing and offering complete solutions for the customers’ all possible ware washing needs. strategic alliance between Granuldisk and Silanos will mean a focus on the development of a complete portfolio of premium products and comprehensive solutions for the ware washing area by combining the individual companies’ strengths:

• Silano’s high-tech robotic production and manufacturing excellence, logistics, and customer knowledge.
• Granuldisk’s technology and design capabilities, management, growth strategy, and advanced digitization.

“I see Sandberg Development’s investment as the start of a clear shift in the industry and look forward to further deepening and developing the synergies between Silanos and Granuldisk”, says Marco Silanos, CEO of Silanos and the second-generation owner.

Pacojet Group Takeover

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Groupe SEB announces the acquisition of Pacojet Group, the must-have cooking appliance for chefs Founded in 1992, Pacojet is a Swiss company that has developed a unique emulsifier that can make ice creams 🍨, sorbets, sauces, mousses, fillings, purées and much more in less than 🍨 90 seconds. This revolutionary culinary appliance has been a favorite of chefs for 30 years! Groupe SEB is continuing its growth in the professional market. With the acquisition of Pacojet, Groupe SEB’s professional activity is thus enriched by a complementary offer of an iconic brand and products that meet the strong development ambitions in this segment. « We are delighted with the acquisition of Pacojet, which will enable Groupe SEB to continue to accelerate in the professional segment, a strategic market that is growing rapidly and profitably. Pacojet’s products complement our existing professional offer and enjoy an unrivalled reputation. They contribute to creating a true ecosystem for our customers. We look forward to welcoming the Pacojet team and pursue our ambition in the professional sector together »Thierry de La Tour d’Artaise, Chairman of Groupe SEB .

Middleby UK to further drive Marco into the UK market

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Marco Beverage Systems will now be supplied into the UK market by Middleby UK, after Middleby Corporation acquired the company in December 2022.

Marco design and manufacture some of the leading beverage dispensing systems in the industry. Their product portfolio includes coffee brewers, cold brew dispensers, and a variety of hot, cold and sparkling water dispensers. The POUR’D cold coffee dispenser received the Best New Product 2022 award from the Speciality Coffee Association.

The brand will make an excellent addition to Middleby UK’s ever-growing catalogue of solutions, and reinforces the idea that Middleby UK can be a complete one-stop-shop for equipping a foodservice establishment.

Middleby Corporation’s CEO, Tim FitzGerald has noted that “touchless and in-counter dispense technology is rapidly gaining popularity due to space and labour advantages, along with enhanced aesthetic features. Marco is well-positioned with solutions for these growing trends.”

Marco, who are based in Dublin, Ireland have been operating for more than 40 years and have a great understanding of the kind of beverage dispensing solutions that are ideal for the market. With Middleby UK’s knowledge and experience of driving brands and products into the UK market, we are sure that Marco can be taken to the next level.

New SEBO Commercial vacuum cleaner

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Introducing the NEW commercial SEBO BP60 Cordless Vacuum Cleaner!

The Power has been unleashed but without compromise! The BP60 offers SEBO quality, performance and unique features in a cordless vacuum cleaner with a FULL 60 minute runtime from its powerful 308Wh battery.

Powerful, hygienic, and convenient cleaning at the flick of a switch!

Interclean China

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With a continued growth, the investment in infrastructure in China is rising as well as the general living standard. And the demand is high for professional cleaning, disinfection and hygiene products and services. The latest innovative products, services and facilities of the sector will be showcased at Interclean China, the international trade show for cleaning and hygiene, that is set to return from 25-27 September in Chongqing. Following the launch of the show in 2021, this year’s event will be bigger and international, with more than 200 exhibitors, 40+ keynote speakers and more than 8000+ visitors expected. All segments from the professional cleaning and hygiene industry will be presented, including healthcare, machines, equipment, detergents, washroom, management and mobility solutions, robotics, Artificial Intelligence and more. Visitors will have the chance to attend conferences, workshops and demonstrations for example from global vendors looking to import their products and services for the ever-growing market. The event’s location, Chongqing, is an important hub in southwest China – one of the fastest growing major regions in the country. Home to more than 31 million people, the city has also seen significant growth over the years.

Frankie latest coffee system Mytico

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Franke Coffee Systems introduces BeyondTraditional – a brand-new product category – at Internorga Hamburg from 10-14 March 2023, once again raising the bar for professional coffee-making. This new category connects existing technologies with new trends and customer demands to create solutions that go beyond industry standards. Mytico* is the first product line in this category. It is a game-changing coffee solution that delivers impeccable Italian design on the outside and Franke’s Swiss quality on the inside for an outstanding customer experience.consumers expect excellent coffee, as if prepared by a barista. Drinking a cup of coffee out of home is meant to be a memorable and enjoyable experience – yet the shortage of skilled staff in the industry has become a concern on a worldwide scale. Thus, it is a challenge for owners of coffee businesses to consistently satisfy their customers’ demand for high-quality coffee experiences every single day.
Franke’s new product category – BeyondTraditional – is the perfect response to these challenges: it combines existing concepts and technologies with new trends and demands and brings to life solutions that go beyond industry standards. The first result of this new approach is a ground-breaking product line called “Mytico”.

Mytico brings excellence to life in every detail – strikingly beautiful, easy to use and hard to ignore. The pioneering new coffee line is equipped with advanced technology that produces consistent, barista-grade coffee, while enhancing any location with its unique Italian design. Mytico’s ease of use and reduced height give room for the barista to converse with the customer while easily producing the perfect beverage – all without having to sacrifice any part of the well-known, much-loved barista theatre. This creates the unforgettable coffee moment that keeps customers coming back

be fully integrated into Franke’s Digital Services, making it possible to monitor and manage the individual coffee machine or a whole fleet of coffee machines remotely. In addition to the broad range of technologies already installed, further optional features can be added to tailor the coffee machine to customers’ needs perfectly.

The new BeyondTraditional product category perfectly complements Franke Coffee Systems’ broad product portfolio of fully automatic coffee machines, while the new Mytico line unlocks even more potential for today’s owners of coffee businesses – in every segment, every location and at any scale.

Middleby grows margins

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Middleby Corporation told investors yesterday that it is well-placed to increase its manufacturing capacity and achieve improvements in production efficiencies after delivering record fourth quarter results.

The owner of brands such as TurboChef, Pitco and Lincat notched up group sales of $1 billion (£828m) during Q4, a 19% increase on the previous year and 14% organically.They have managed to achieve margin expansion over the previous year and sequentially from Q3 as a result of pricing, shifting its product mix towards higher technology solutions and disciplined cost control.

Middleby opens the doors to European innovation kitchen

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Middleby have officially opened the doors to a brand new state-of-the-art culinary centre in Madrid that will see it ramp up the level of support and product engagement it can offer customers in Europe.500 square metre space showcases almost 30 Middleby brands, divided into seven separate foodservice concepts so that customers can trial and test its equipment depending on their areas of focus.the centre houses more than 80 pieces of live equipment from the company’s global portfolio of brands, including Lincat in the UK, TurboChef from the US and Josper in Spain