Category Archives: Financial

Haier Europe financial officer

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Nitin Gupta is the new Chief Financial Officer of Haier Europe
Join the Haier Europe Senior Leadership Team, reporting directly to CEO Yannick Fierling.
Web editorial by Web Editor January 12, 2023
Nitin Gupta is the new Chief Financial Officer of Haier Europe
Nitin Gupta, CFO of Haier Europe.
Haier Europe appoints Nitin Gupta as new Chief Financial Officer of the company. Gupta joins the Senior Leadership Team of Haier Europe, reporting directly to CEO Yannick Fierling and directly to Haier Overseas CFO, Yu Yingbo.

As CFO of Haier Europe, Nitin Gupta will assume financial leadership, support the setting of strategic priorities and lead the company’s administration, finance and control department. You will be responsible for accounting, financial planning and analysis (FP&A), treasury, tax and credit management. Gupta will play a key role in ensuring adequate profitability for the company’s growth, in line with Haier Europe’s vision to be consumers’ first choice in smart home solutions

Marks electrical financial

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Marks electrical Issued a trading update on financial and operational performance and announce revenue growth of 33.4% between October and December 2022 despite a very challenging market. Although their robust performance was driven across all major product lines, sales of A-rated energy efficient laundry appliances were especially strong.

In addition to marks electrical market-leading customer service and free next day delivery, we also saw continued adoption of our in-house installation service with over 3,000 installations now completed since launch in August 2022.
founder and CEO, Mark Smithson, commented:
“I am proud of the entire team at Marks Electrical for delivering a record quarterly performance, with year-on-year growth of 33.4% against a tough economic back-drop. This further demonstrates the resilience of our business model and the attractiveness of our market-leading customer offering, which more people are discovering up and down the country.

To continue our focus on growing brand awareness, we further invested in highly targeted television, radio and out-of-home campaigns over the Black Friday and Christmas sales peaks. This led to increased website traffic and broad-based revenue growth across the UK, but with particularly strong improvements year-on-year in London, South East England and the East Midlands.”

Haier Named No.1 Global Major Appliances Brand by Euromonitor International for 14th Consecutive Year

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Haier Smart Home the world’s leading home appliance brand and smart home ecosystem builder, has announced that the company has once again topped the rankings of global major appliances brands, according to the 2022 annual report released by Euromonitor International, the world’s leading independent provider of strategic market research. It is the 14th consecutive year that Haier has won this accolade, with the sales of Haier’s refrigerators, washing machines, freezers, and electric wine coolers also securing the number one spot.The remarkable sales performance in these four categories marks a new milestone for the company in the global major appliances market, as it marks the 15th consecutive year Haier has ranked first for refrigeration appliances, for home laundry appliances in 14 years, for wine coolers in 13 years, and for freezers in 12 years respectively
For over thirty years, Haier has been a leading brand in home appliances, driving forward industry development with technological innovation. In the era of the Internet of Things (IoT), Haier will continue its mission to establish itself as a world-leading ecosystem brand, bringing high quality smart home technology to households around the world.

Amidst the global economic slowdown that has stunted customer spending, Haier has put customer needs at the center of its strategy by adapting a user-first approach and upgrading its brand ecosystem, bucking the trend to achieve steady growth through the year.2022, Haier’s CASARTE retained its title as the number one high-end home appliance brand in China
In Europe where the sales of the home appliance market fell by 8.8%, Haier saw an overall increase of 4.2%.
The growth rate of Haier Smart Home has outperformed that of the industry in Australia for three years in a row, with sales seeing a 30% surge.
The stellar performance of Haier Smart Home in Japan went against the industry’s slump, growing at a rate eight times faster than that of the entire market.
Haier secured its position as one of Thailand’s top 3 home appliance brands, with a growth of 15%, despite the socioeconomic factors that held back the industry’s performance as a whole.

UMG TO BRING HISENSE TO SAUDI ARABIA

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Saudi Arabia’s UMG partners with Hisense to bring Chinese consumer brands into Kingdom

UMG will now be an officially appointed distributor of Hisense products and will support the brand with warehousing, after-sales services and develop retail space for sales, according to a press release.

The partnership agreement was signed by Jason Ou, Hisense president of the Middle East and Africa, and Adnan Matbouli, chairman of UMG.

“Our partnership with UMG underlines our dedication to expand in the regional markets, increase our availability and provide the best brand experience to our customers as well as business partners,” said Ou.

He added: “We look forward to working together with UMG, driving on each other’s strengths and expertise with an intention of growth and sustainability in the market.”

Matbouli said that this partnership is a part of their strategy to bring top-quality electronic products to Saudi Arabia.

“As an official distributor of Hisense’s home appliance and entertainment segment in the country, we provide assurance in supporting with unparalleled accessibility to expand in the market, better service in after-sales, provision to spare parts, and warehousing to meet the business as well as consumer needs,” said Matbouli.

Established in the early 1990s, UMG has become one of the known names in the Kingdom’s consumer electronics market, with a network of 11 branches, warehousing facilities, 11 service centers, a fleet of vehicles and 23 brand shops in the Kingdom.

UMG became the sole distributor for Samsung Consumer Electronics in 1991, followed by the Italian home appliance brand, Tecnogas, with which it signed an agency agreement in 2013.

Headquartered in Qingdao, China. Hisense exports products to over 160 countries, with three listed companies – Hisense Visual Technology, Hisense Home Appliances and SANDEN listed in Shanghai, Shenzhen, Hong Kong and Tokyo stock exchanges.

De Longhi appointment

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The Board of Directors of De’ Longhi SpA has approved the appointment of Nicola Serafin as General Manager, reporting directly to the Chief Executive Officer Fabio de’ Longhi, thus completing the search process for a candidate for the role of Chief Executive Officer.

In the new position, which will take effect from 1 January 2023, Nicola Serafin will have ordinary administration powers for the management of the Group.

Nicola Serafin joined the De’ Longhi Group in 2000 after experiences in Danieli SpA and in the Benetton Group. Graduated with honors in Mechanical Engineering and with an Executive Master in Business Administration at the London Business School, Nicola Serafin held roles with increasing responsibilities in the technical and production fields until his appointment in September 2016 as Chief Operating and Technology Officer, across the entire R&D, supply chain, manufacturing and logistics platform, as well as being a member of the boards of directors of various Group companies. The curriculum vitae of Eng. Nicola Serafin – which as of today holds no. 1,400 De’ Longhi shares – is published on the company’s website

Elica success story

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Elica is today the global leader in the sector of kitchen extractor hoods. They have managed to record numbers

Elica has achieved the right mix of financial soundness and Italian design & innovation soul:

✔️ we are expecting to close 2022 with incremental revenues and margin, in spite of inflation, geopolitical tensions and weak demand,

✔️ Elica are back to a sustainable long term dividend distribution plan aimed at preserving strategic investments and external growth,

✔️ looking for new M&A or joint venture opportunities to grow their cooking business,

✔️ Elica are leading the ecological transition in the HVAC industry with their BU Motors EMC FIME (representing 25% of the Group’s turnover, with a 30% growth rate).

Year after year, Elica have been expanding our value proposition and increasing their innovation rate, proving vision and resilience even in uncertain times.

Falmec acquisition

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Falmec S.p.A., a Treviso-based company specializing in the production of design range hoods for kitchens, has finalized the acquisition of 100% of Friulana Accessori S.r.l. and Metaldomus S.r.l., companies historically active in the production of accessories and technical items for kitchens and bathrooms.

With over 50 years of expertise in the market and an internationally recognized brand Falmec proved to be the ideal partner to ensure the generational transition to the acquired Companies.