De’Longhi: turnover and profits reduced

Fabio De’Longhi, vice president and CEO of the Group.

Net profitability fell 25% but remains 6.4%. The cash register improves but sales remain 18% lower than those of the first quarter of 2022.In the first quarter of 2023, the turnover of the De’Longhi group fell by 18% to 602 million. Net income fell more or less proportionally to 39 million (6.4% of turnover). The net financial position is instead positive for 317.2 million, an improvement of 18.5 million compared to the end of 2022 and 42.6 million at the end of the first quarter of 2022,

Smeg’s new line of portable blenders are powerful, colourful and eco-friendly

PBF01 blenders are designed to make smoothies, juices, soups and shakes on the go in a curved compact styleBeing a small personal blender, don’t be fooled by its size – the PBF01 has a 300W motor and double blade that can easily tackle all kinds of fruit and vegetables. It’s just as powerful as the original Smeg blender, so you can make delicious smoothies and juices in no time.

Moulinex Tefal breakfast set

Groupe SEB launches its first premium Moulinex-Tefal breakfast set, Majestuo

Composed of a kettle , a coffee maker and a toaster with a stainless steel design with glossy finishes, this breakfast set offers a whole series of innovations
An intuitive interface that transmits key information (water temperature, remaining grill time)
New functions (Program & Keep warm) to enjoy your drinks at any time
Easy to clean steel & stainless steel coating that leaves no fingerprints

Vorwerk celebrating 140 years

Vorwerk is 140 years old – and that means 140 years of passion and innovation. Founded in the valley of the Wupper river as a carpet factory, Vorwerk also moved into the production of household appliances (Kobold vacuum cleaners) in 1929. The advantages of the first, powerful Kobold model could not be conveyed via retail sales – This gave way to direct sales at Vorwerk and certainly the most important milestone in Vorwerk’s history. Today Vorwerk is the number one direct sales company in Europe and a world leader in the direct sales of high-quality household appliances. In 2021, the Group generated sales totaling € 3.4 billion, a new company record.

The company owes its success to the people who are enthusiastic about the brand and its products and who actively support it. The Vorwerk community consists of 100,000 sales Advisors and some 9,000 employees, as well as many, many customers around the globe. It is precisely these people’s passion that has made Vorwerk so successful.

Vorwerk’s Company History
Back in 1883, Carl Vorwerk founded Barmer Teppichfabrik Vorwerk & Co., a small carpet factory and the cornerstone of today’s global brand. In doing so, he demonstrated entrepreneurial prowess because until then, high-quality carpets had only been manufactured in England. In 1907, Carl Vorwerk handed over the reins of the company to his son-in-law, August Mittelsten Scheid, who was himself the scion of an industrial family in business in Barmen since 1764. By 1909, the Vorwerk name had already become a familiar one beyond the region and the company was growing rapidly. It stepped up its carpet production, erected new buildings and set up the company’s own machine workshop. By this time, the product spectrum was constantly expanding and at that time, ranged from car axles to gramophone motors.

The invention of the radio brought the market for gramophones to its knees. Although, a new idea would save the day: The gramophone motor became a motor for a vacuum cleaner. In 1929, the Kobold was something of a small revolution: a handy appliance – but nevertheless one that was very effective. However, the market was not yet ready for that innovation, and prospective customers could not appreciate the advantages of the Kobold model from merely seeing it on sale in a retail store. Once again, a revolutionary idea would save the day, namely the introduction of direct sales in Germany – certainly the most important milestone in the company’s history. Brought back from the USA by August Mittelsten Scheid’s son, Werner in 1930, this people-oriented sales concept would become Vorwerk’s trademark and the secret of its success.

In 1953, Dr. Erich Mittelsten Scheid took on sole management of the company and initiated far-reaching changes, such as expanding the product range and opening up further to international markets. In 1968, akf bank became the first service brand to join the Group.

In 1969, Erich Mittelsten Scheid handed the Vorwerk reins over to his nephew, Dr. Jörg Mittelsten Scheid, who from 1969 to 2005 played a crucial role in shaping the company, turning it into an internationally successful corporate group. Expansion of the product portfolio is among the achievements that fall within his time at the helm: Already in 1971, the Thermomix® became the first multifunctional food processor and cooking appliance to be launched onto the market. Pushing ahead with its consistent strategy of internationalisation, Vorwerk founded its first foreign subsidiary abroad in China, in 1990, and subsidiaries in Eastern Europe soon followed. At the end of 2005, Dr. Jörg Mittelsten Scheid stepped down from the management of the company, but today continues to oversee the company as Honorary Chairman of the Supervisory Board. With Dr. Thomas Stoffmehl, Hauke Paasch and Dr. Thomas Rodemann, a three-member Executive Board now manages the fortunes of the Group, whereas the owner family provides continuity in its fifth generation.

Hurom launches H400 easy clean slow juicer

With patented slow squeezing technology and a sleek design, the H400 is the newest addition to Hurom’s revolutionary Easy Clean juicer series.
Hurom, the world’s largest seller of slow juicers with millions of sales globally, has announced the latest in a lineage of innovation: the H400 Easy Clean Slow Juicer.

While traditional juicers require extensive scrubbing, the H400 is equipped with an Easy Clean chamber set which includes a two-part auger and a revolutionary mechanism that minimises pulp – even without a strainer. The strainer-like function is practically embedded within the chamber, and the two-part auger meshes together to strain out pulp-free juice, which means scrub-free, bare minimum cleaning.

Ideal for large families or committed juicers, the H400 Easy Clean Slow Juicer has the largest volume of any self-feeding hopper yet. The maximised hopper and chamber make it easy to load large amounts of produce at one time – resulting in the highest yield and the least amount of pulp across any Easy Clean model.

Director of marketing Brian Crandall comments: “As a global innovator in the industry, Hurom is excited to expand our robust portfolio of quality appliances with the new H400 Easy Clean Slow Juicer. Not only a powerful tool for any kitchen, the H400 continues the brand’s commitment to design excellence – from its streamlined assembly to a gauge window on the front of the body which highlights the rich colours of your juice.”

Crafted from premium materials, the H400’s silent AC motor works efficiently using just 150 watts of power, which is whisper quiet compared to competing centrifugal juicers or blenders.

The Hurom H400 Easy Clean Slow Juicer is available now for US $549.

Morphy Richards launch new products

Morphy Richards has today unveiled two brand new compact kitchen must-haves, perfect for budding baristas and culinary connoisseurs, with the launch of its Compact Espresso Machine and Compact Blender.Bring the authentic coffee shop experience to the heart of your home with our chic new espresso machine.

Brewing ground coffee to coffee shop quality with a steam wand to create rich, creamy froth for your cappuccino or simple steamed milk for a spot-on flat white, you’ll have complete control to brew the perfect consistency every time and rival your favourite coffee shop beverages.

Blend, chop and mix with the power of a standard size blender, all in a compact design
Start/Stop, Auto Blend and Pulse pre-settings
Swap between 700ml and 500ml cup sizes
Sip or seal lids for drinks on the go or saving your creations for later

STATEMENT BY STANISLAS DE GRAMONT, CHIEF EXECUTIVE OFFICER OF GROUPE SEB:

2022, in a difficult general economic environment and after a record year in 2021, our sales were globally resilient. We are particularly pleased with our performance in China, where Supor for the first time exceeded the two-billion-euro turnover mark. However, our results were impacted by significant headwinds. In this context, the Group was once again able to demonstrate responsiveness and quickly implement effective action plans to adapt to market developments and protect its profitability.
 

At the same time, and beyond short-term imperatives, we have continued to invest in our strategic levers: product innovation, the international deployment of our champion products, the attractiveness of our brands, and the activation of all distribution channels. No truce either for our investments in our competitiveness – industrial, logistics, information systems -, which are all crucial for the future. I would like to salute and thank the unfailing commitment of all the teams, which has been essential in these achievements.

For the year 2023, visibility remains limited. Despite a first quarter that is anticipated to be down, the Group expects a gradual improvement in sales in its Consumer business, strong revenue growth in Professional sales, as well as an increase in its operating margin for the year as a whole.

We are confident in the continued development of the global market for Small Domestic Equipment and Professional Coffee, in which we continue to strengthen our presence with the recent acquisition of the La San Marco company. We remain convinced of the relevance of our economic model, which will allow us to take full advantage of strong structural demand, a source of growth opportunities for Groupe SEB. 

Philips Domestic Appliances becomes Versuni

Philips Domestic Appliances becomes Versuni release.
The new company name is an important step following the agreement to divest the Domestic Appliances business by Royal Philips in September 2021 and the subsequent sale to Hillhouse Capital, a global investment firm

New company name inspired by the company’s mission to turn houses into homes
Amsterdam, the Netherlands – Today, Philips Domestic Appliances has announced the change of its company name to Versuni. The new name is the next step after the Domestic Appliances business became independent in September 2021. Although the visual identity of the company is changing, its mission to turn houses into homes remains constant. As a licensee of Royal Philips, the company will continue to use the Philips consumer brand, as well as Saeco, Gaggia and Philips Walita, on its products and services. Consumers can also continue to use products of its other brands: Preethi, L’OR Barista and Senseo.

“Versuni begins a new chapter after we moved forward as a standalone company”, said Henk S. de Jong, CEO of Versuni. “We are committed to delivering the best possible solutions for our consumers and customers and will continue to excite with innovations that make life at home better, easier and healthier. And as we continue our journey as Versuni, expanding on our market leadership and exploring new opportunities, we are privileged to help consumers turn houses into homes.”

About the new company name
Philips Domestic Appliances has a simple, powerful and consistent mission: turning houses into homes. This will continue to be the mission of Versuni. It is this mission that has been the inspiration for the new company name, a name based on two words that reflect the meaning of home to many people. Versuni puts a new spin on the powerful word – UNIVERSE. The company believes that home is about having a place that you can truly call your own. Versuni also speaks to the word UNIVERSAL. Because no matter where you live, we all have a need for home.Versuni, which is headquartered in the Netherlands, is active in more than 100 countries, and has a global innovation, manufacturing, and commercial footprint. With more than 900 patents on its name, the company’s portfolio spans kitchen appliances, coffee, climate care, garment and floor care.

The company has launched a wealth of successful household products that meet the changing needs of the consumer and deliver best in class innovation. These include the Philips PerfectCare Elite Steam Generator which has enabled consumers to iron at twice the speed, the Philips Air Purifier to breath cleaner air at home, the Philips SpeedPro Max Vacuum Cleaner which incorporates revolutionary wet and dry cleaning, and the Philips Fully Automatic Espresso Machine with LatteGo, the Saeco Xelsis Suprema and L’Or Barista and Senseo® to enjoy different types of coffee every day.

As Philips Domestic Appliances, the company also brought the Airfryer category to market and successfully rolled-out innovations such as the Philips Air Cooker 7000 Series, delivering great taste and nutrition via a connected app, and the Philips AquaTrio Cordless Wet & Dry Vacuum 9000 Series that cleans any floor type and mops your hard floors as it vacuums.