Sabaf results

Sabaf is a company listed on the Italian Stock Exchange , which deals with the production of components for domestic gas cooking appliances, has published its financial results for the first nine months of 2022.with revenues up by 0.4% to 201.62 million euros, compared to the 200.77 million obtained in the first three quarters of 2021. gross operating margin which fell from 44.17 million to 33.46 million euro (-24.3%); as a result, margins worsened from 22% to 16.6%.The company’s net debt, given at the end of September 2022, had increased to 78.8 million euros, compared to 67.61 million at the beginning of the year. In terms of investments, Sabaf invested a total of 16.1 million euro in the first nine months of the year, while operating activities generated cash of 13.65 million euro.

However, Sabaf’s management confirmed the forecasts for 2022 which expect to achieve sales of between 253 and 256 million euros, including the consolidation of the fourth quarter results of the newly acquired PGA

Electrolux supplier awards

Electrolux recognized the performance of its top suppliers from around the world at its 10th Supplier Awards event. To share key messages with the suppliers were Electrolux Group leaders including Jonas Samuelson, CEO, Carsten Franke, COO, Ola Nilsson, Chief Experience Officer, Anna Ohlsson-Leijon, Chief Commercial Officer, Vanessa Butani, VP Sustainability, and Filippo Milanese, Chief Purchasing Officer. Among the winners, there is also Sabaf that won the award in the category Consumer Experience Awards – Taste. “Sabaf supplies various gas and electromechanical components for food preparation across all business areas – Electrolux explains –. They have helped to successfully launch a complexity reduction initiative, standardizing the gas burner elements for ranges across all factories and Business Areas and improving supply resilience, quality and cost”. The other winners are: Maersk (Supplier of the Year); Computime (Operational Excellence Awards – Direct Material); e-llis Supply Chain Solutions (Operational Excellence Awards –Service Provider); Plast Group (Consumer Experience Awards – Care); Suzhou Chunju (Consumer Experience Awards – Wellbeing); Ternium (Sustainability Award). “Congratulations to all of these winning suppliers – commented Filippo Milanese –. Whilst they represent diverse industries, from component manufacturing, raw material, equipment, finish product to logistic providers, they all have one thing in common: they excel in operational excellence, sustainability and innovation, which are key to delivering outstanding branded lifetime experiences for our consumers

Whirlpool opens a reconditioning center for its appliances in Italy

Whirlpool has opened a center for the reconditioning of its appliances in Carinaro (Italy), within the Whirlpool EMEA spare parts and accessories logistics hub. After a careful process of repair and quality control, the products are put back on the market for sale. “Sustainability is at the heart of our culture and, at Whirlpool, we are committed every day to lead the sector towards increasingly sustainable practices. This year we have set ourselves even more challenging goals, with the commitment to spread a culture that supports sustainability, offering an innovative service for green purposes – says Paolo Lioy, CEO of Whirlpool Italy and Iberia -. It is for this reason that we have decided to open a reconditioning center for our appliances in Carinaro. The reconditioned products are subjected to a series of tests to guarantee 100% product quality”.

Haier Care+Protect

Care+Protect is now a sub-brand from high-performing appliances brand Candy Hoover Group S.r.l., part of leading global household appliance manufacturer Haier Europe (branch of Haier Smart Home Co., Ltd).

The Haier Group was first established in 1984 and it’s now a world-leading provider of solutions to a better life. Haier is the number one brand globally in major appliances for 13 consecutive years and it has been included on the list of BrandZ™ Top 100 Most Valuable Global Brands for two consecutive years as the world’s first and only IoT ecosystem brand. Together with Care+Protect, the Haier Group is committed to working with its world-class ecosystem partners to continuously build a premium brand that offers effective and professional care for your home.

Antony Peart, Director of Brand & Communications at Haier Europe said, “This operation aims at strengthening Haier Europe’s position and growth in the UK, by leveraging on professional care products that are designed to protect, care and maintain the lifespan and effectiveness of household appliances over time.”

Care+Protect offers an extensive range of professional and universal products that are proven to protect household appliances.

Sabaf acquires PGA and strengthens itself in electronics


Sabaf acquires 100% of the capital of Fabriano’s PGA srl, which has been designing and assembling electronic boards for the household appliances sector for 25 years: suction, refrigeration, air quality control and water supply. PGA2.0 is part of PGA dedicated to the design and prototyping of innovative solutions based on interconnection and the Internet of Things (IoT).The two companies have 36 employees and in 2021 they had a turnover of 11.5 million. The agreement evaluates the company of the brothers Andrea and Paolo Cennimo for 9.76 million euros: 5 times the average annual consolidated Ebitda in the three-year period 2020-2022. 75% of the price will be paid in cash and the rest through the sale of Sabaf shares. Andrea and Paolo Cennimo will remain at the helm of PGA as Managing Directors.

The Sabaf Group is already active in the electronics sector through the Turkish subsidiary Okida Elektronik, a company acquired in 2018 and which is experiencing rapid business development, also thanks to the contribution of Sabaf’s global sales network

Arcelik- Arctic sets up regional spare parts warehouse in Romania

Romanian home appliances producer Arctic, part of the Arçelik group, announced the opening of a regional spare parts hub in Arges County that will supply 23 countries as part of the development strategy of the Turkish group in Romania and the region. Thus, Romania will play a key role as a logistics centre for the entire European continent.

Located in Căteasca, Argeș County, near the Pitești-Bucharest highway, the new warehouse has an area of 10,000 square meters and a storage capacity of 11,500 cubic meters. It became fully operational at the end of March and includes offices and functional areas for new employees.

In the first phase, the hub will serve 15 countries in the European Union and 8 outside the Union. The network will expand to include other European countries.

“Romania has a strategic role at the intersection of three major markets, which makes it ideal both as a production hub and an important centre for coordinating logistics activities. At the same time, the opening of this warehouse is in line with our sustainability strategy, which focuses on reliable products with a high degree of repairability and a reduction in carbon footprint,” said Murat Büyükerk, Arctic Chief Executive Officer.
Murat Büyükerk, Arctic CEO: Romania is an excellent place to live and do business

The centre will provide spare parts for all products sold by Arctic and Arçelik, mainly for the categories of refrigerators, washing machines, dishwashers and air conditioners. The parts come from the two Arctic factories in Romania, Găești and Ulmi, and the five Arçelik factories in Turkey and China.

Samsung Commitment to India with Investment to Set Up New Compressor Plant

The new facility in Sriperumbudur, near Chennai., spread over 22 acres, will have a capacity to produce 8 million compressor units a year, which will be expanded in the future. Compressors produced at the plant will be used in refrigerators that Samsung manufactures in India and also be exported.

 

Sabaf

Sabaf among the 100 most climate-conscious Italian companies in 2022 in the ranking compiled by “Pianeta 2030”, the Corriere della Sera survey that focuses on objectives such as sustainable development, zero emissions and decarbonisation, in collaboration with Statista, one of the leading digital statistics and business intelligence platforms in the world!

Sabaf S.p.A. is a company that produces components for household cooking appliances. Founded in 1950, today it has more than 650 employees and 5 manufacturing sites in Italy, Brazil, Turkey and China.

The production includes taps, thermostats and burners for gas appliances. The company invests about 3% of its annual turnover in research and development. The design and development of new products complies with the need to create increasingly safer components that permit to reduce atmospheric pollution and to save energy both during the production and the use by the final user

ARC is a leader in the development and production of gas burners for professional use

The WOK atmospheric burner in the 92 HP series is perfect for professional kitchens where this typical round-bottomed pan, so popular in Asian cuisine, is used. Thanks to its components in iron and brass components it is particularly resistant and suitable for use over a long, long time.https://www.arc-gas.it