Category Archives: Uncategorized

De’Longhi results

Posted on by

“I am very satisfied with how the Group was able to react in the face of the extraordinarily challenging and complex scenario that arose in 2022 and that affected our entire industrial sector.
The Group has maintained a turnover well in excess of 3 billion Euros, also thanks to the strategic decision to give continuity to investments in communication, in particular with regards to the global campaign on coffee featuring Brad Pitt as De’ Longhi’s brand ambassador for coffee.
Year 2023 begins in a context not very dissimilar from the last part of 2022, which allows us to forecast a progressive improvement in the economic and consumptions’ climate in the second half of the year.” commented CEO Fabio de’ Longhi.

In the 12 months:
• revenues of € 3,158.4 million, slightly down by -2% (-5.9% at constant exchange rates);
• adjusted
Ebitda at € 362 million, equal to 11.5% of revenues (compared to 16% in 2021);
• net profit3 of € 177.4 million, equal to 5.6% of revenues (compared to 9.7% in 2021);
• positive net financial position of € 298.8 million, down by € 126 million compared to the end of 2021,
but strongly recovering in the fourth quarter with a positive cash flow of €270 million.
In the fourth quarter:
• revenues down by 3.9% to € 1,029.8 million (-7% at constant exchange rates);
• adjusted Ebitda at € 150 million and equal to 14.6% of revenues (compared to 14.7% in 2021);
• net profit of € 78 million, equal to 7.6% of revenues (compared to 7.3% in 2021).
The Board of Directors has proposed the distribution of a dividend of € 0.48 per share, equal to a pay out ratio of 41% in line with the Group’s dividend policy.

Renting large home appliances becomes popular among young Koreans

Posted on by


South Korea’s home appliance rental market is expanding as younger generations, who prioritize experience over ownership, prefer to rent instead of buying.

Renting large appliances such as refrigerators, air conditioner and washing machines, which cost a lot to purchase, has become an affordable alternative for people who move frequently or cannot afford the upfront costs.

According to data from the country’s top three electronics rental businesses ? Coway Co., LG Electronics Inc. and SK Magic Co. – their cumulative number of rental accounts is estimated at around 11.81 million at the end of last year. The local rental market has been steadily growing each year, with 11.04 million accounts in 2020 and 11.46 million in 2021.

As the market grows, the range of appliances available for rent is also diversifying. Large home appliances, also known as white goods, are becoming more popular, with LG Electronics starting to offer rental services for air conditioners and washing machines last year in addition to refrigerators in 2020.

LG Electronics reported that its rental business revenue in the third quarter of last year reached 551.9 billion won, a 20 percent increase from 459.7 billion won during the same period in the previous year. Samsung Electronics Co. is also offering rental services for its washing machines, dryers, air conditioners, refrigerators and vacuum cleaners in collaboration with SK Magic. The total number of products rented by these companies reached 23,000 units last year.

The main driving force behind the expansion of the home appliance rental market is millennials and young working professionals who are familiar with the sharing culture. Among the new LG Electronics rental subscribers last year, the proportion of those in their 20s and 30s was as high as 30 percent. Including those in their 40s, customers aged 20 to 40 account for 65 percent of the total.

Samsung new top mount fridge freezer

Posted on by

Samsung launches its new Bespoke top-mounted freezer (TMF) refrigerator with a wide range of Bespoke color and finish options, AI-assisted energy saving and optimal refrigeration modes to various lifestyle needs. Available first in Thailand from late March, the new refrigerator will expand to regions all over the world by the end of the year. The Bespoke TMF refrigerator combines elegant design with a full range of Bespoke color and texture options to respond to the stylish needs of every kitchen. Equipped with the latest in freshness technologies and energy saving, it makes food storage convenient, efficient and flexible.

These days, customers expect appliances to go beyond their basic functions — said Junhwa Lee, EVP and Head of the Customer Experience Team of the Digital Appliances Business at Samsung Electronics —. With a wide choice of colors and cutting-edge technologies like SmartThings Energy’s AI Energy Mode, Optimal Fresh+ and SpaceMax™, users can enjoy the next level of kitchen experiences by storing their food at peak freshness, all while saving energy and keeping the living space looking beautiful.

With a range of Bespoke colours and finishes to choose from and an elegantly simple modern flat door design, the model stylish finish helps bring the colors of a kitchen to life. Glass textures in Clean Black, Clean Navy, Clean Peach, Clean Pink, Clean Vanilla and Clean White offer a sleek, color-enhancing finish for a refined, modern look. By contrast, Cotta textures in Metal Charcoal, Metal Pink and Metal White offer the warm, matte finish of baked terracotta.

Technological features include SmartThings Energy’s AI Energy Mode that uses AI to keep track of usage patterns and power consumption of the Bespoke TMF. AI Energy Mode then analyzes the data to provide useful insights through the SmartThings app to help the user proactively save energy. Users can monitor consumption cost estimates and get a better understanding of how they use their fridge. This usage statistic can be viewed on a daily, weekly or monthly basis, all up to user’s preferences.

LG’s ‘uplifting’ home appliances tailored to different lifestyles

Posted on by

LG ThinQ UP home appliances can adapt to the changing lifestyles of its customers thanks to its sleek upgradable features. The range includes refrigerators, washers, dryers, oven ranges, and dishwashers with new functions that can adapt to users’ needs without them having to make any additional purchases.

Built around the customer-centric concept ‘Evolving with You’, the LG ThinQ UP appliances were first launched in South Korea and have since seen international success. The company will continuously develop easy-to-install software updates and hardware add-ons, delivering specialised options and new conveniences based on the usage patterns and suggestions of ThinQ UP appliance owners.

One of the custom features available to download this year is the Laundry Saver Mode which can be applied to dryer models with ThinQ UP. Extremely useful for those times when you can’t unload the dryer right away, Laundry Saver keeps the drum tumbling after the cycle has finished – and until the dryer door is opened – to help prevent wrinkles and odours. Another feature on offer is Improved Nighttime Brightness Control for refrigerators with ThinQ UP, which makes the fridges’ interior lighting softer at nighttime so as not to ‘blind’ users when they open the door

All new software features are optional, and can be easily downloaded from the LG ThinQ app.
“A new paradigm in the home appliance industry, LG ThinQ UP is an innovative, new solution that delivers unprecedented customer value and differentiated user experiences,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “We will continue to offer sophisticated lifestyle solutions that provide personalised performance, convenient features and customisable upgradability.”

LG Reinforces Strong Position in the European HVAC Market

Posted on by

LG Electronics (LG) is showcasing its latest heating, ventilation and air conditioning (HVAC) solutions at the International Trade Fair for Sanitation, Heating and Air (ISH) 2023, taking place in Frankfurt, Germany, from March 13-17. On display across the Residential Solution booth and the Commercial Solution booth, LG’s industry leading solutions for home and business deliver the strong performance and energy efficiency that European customers demand.

Due to tighter environmental regulations and the short supply of natural gas, the European HVAC market has seen growing interest in heat pump air conditioning systems that can reduce carbon emissions and dependence on fossil fuels. In 2019, the European Union announced its “European Green Deal” policy, which aims to achieve carbon neutrality by 2050. Last year, it also declared the “REPowerEU” plan to expand the use of renewable energy by 2030 and reduce energy consumption and reliance on fossil fuels.

Reflecting current market trends and a commitment to energy efficiency, LG’s HVAC products at ISH 2023 demonstrate the quality and value that have made the company one of the industry’s biggest players. Visitors to the Residential Solution booth can explore various solutions designed for private residences, including air source heat pumps (ASHP) employing low-Global Warming Potential (GWP) refrigerants, advanced Energy Recovery Ventilation (ERV) systems, LG’s reliable Water Heater as well as the Energy Storage System (ESS) and Building Energy Control (BECON) solution for smart energy management.

Making its global debut at ISH 2023 is the brand-new Therma V™ R290 Monobloc for residential applications. The impressive ASHP utilizes R290 refrigerant, which has a GWP of three – far lower than the GWP of refrigerants commonly used in heating solutions. The Therma V R290 Monobloc also delivers dependable indoor heating to keep homes comfortably warm throughout the coldest months of the year.

The LG Therma V series of high efficiency heat pump air conditioning systems are gaining wide popularity in the European market. Delivering a differentiated customer experience based on advanced technologies and convenient energy-saving features, LG’s outstanding ASHPs saw an increase in sales of more than 120 percent over the past year. In the majority of European countries where the company’s HVAC business operates, including France and Germany, sales of LG heat pumps more than doubled in 2022.

As ASHP solutions, LG Therma V products use outdoor air to generate energy for cooling and heating, leading to significant gains in operational efficiency. LG Therma V utilizes 75 percent thermal energy harnessed from the air and 25 percent electricity, helping households to reduce their dependence on fossil fuels.

Another energy efficient LG solution in the spotlight at ISH 2023, the Multi V™ i Variable Refrigerant Flow (VRF) system can be found in the company’s Commercial Solution booth. Equipped with LG’s highly evolved AI engine, the Multi V i improves energy savings by up to 24.7 percent* via AI Smart Care, which uses spatial and situational learning to adjust cooling and heating power. The solution also leverages LG’s AI Indoor Space Care to help maintain an even indoor temperature; automatically turning on the indoor units in a given area when occupants are detected, and turning them off again once the occupants have left.

“From the new Therma V R290 Monobloc to the Multi V i, our latest HVAC solutions demonstrate our commitment to promote a more energy efficient lifestyle,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “LG will continue to develop smart, energy-saving solutions and endeavor to step closer to carbon neutrality.”

Visitors to LG’s ISH 2023 exhibition booth (E69, 12.1 Hall, Messe Frankfurt) can experience the company’s full portfolio of cutting-edge HVAC solutions.

De Manincor now in uk

Posted on by

Experience the detail of De Manincor S.p.A. in the UK!

Based in Essex, Handmade Kitchen Co is their first UK Showroom Dealer where you can see a fully functioning CR160 cooking range.

The range below is 1600mm which has been finished in absolute black with burnished brass edging and trims. Featuring a gas cooktop with coup de feu and an integrated pasta cooker!

Spear and Jackson air treatment

Posted on by

Spear and Jackson delighted to announce a new partnership with Benross Marketing Ltd, the leading UK supplier of electrical homewares and appliances, in a collaboration brought together by IPR Licensing Limited. This new, exclusive licensing programme will launch later this year and feature a range of Air Treatment products for the home including de-humidifiers, diffusers, air purifiers and related accessories, plus Air Temperature-Control products for the home such as heaters and fans.

Lofra new commercial director

Posted on by

Lofra, Luigi Del Giacco is the new commercial director
Luigi Del Giacco (photo) is the new commercial director of Lofra, the well-known company that has been a well-known brand in the premium cooking segment since 1956 and is now owned by the international group led by Seyed Salehizadeh Mohammadreza. Lofra sets itself the goal of continuing on the growth path focused on 100% made in Italy, thanks also to the experience of the workers who still today in the over 33,000 square meters of the Torreglia (Padua) plant give shape to products that are appreciated all over the world the world.

Mythos Frankie launch T shelf hood

Posted on by

The Mythos T-Shelf island hood enters the scene as a protagonist, capable of merging functionality and beauty, part of the Mythos family, the premium range of the brand that offers the best of Franke quality to lovers of elegance, reaching new heights of stylistic excellence and durability. All the elements of the Mythos collection are integrated in a harmonious system , united by the same aesthetics and without design discontinuity.Mythos T-Shelf is available in the iconic Black Matt finish and energy class A , and allows for 360° use thanks to the symmetrical position of the user interface and lights; rigor and lightness combine perfectly, moreover, in the encounter between its essential design lines and its smoked glass shelves . Finally, the matt black filters match the hood, giving it a homogeneous, discreet and elegant effect.

Not only an aesthetically appealing design hood, but also an ally in creating the right atmosphere, in a perfect balance of light and sound: the two LED light bars with dimmer function , in fact, allow you to set the desired light, while thanks to the Sound Pro it is possible to obtain a silent environment without sacrificing maximum performance, guaranteeing a suction capacity of 750 m3/h in intensive mode

New hq for BSH Elettrodomestici Italy

Posted on by

BSH Elettrodomestici has a new headquarters. The Italian branch of BSH has moved to the via Marcantonio Colonna complex which houses the other branches of the Bosch group. The inauguration was attended by Enrico Hoffmann , CEO of BSH Elettrodomestici and the Chief Financial Officer Karsten Traeger Everything is declined in the BSH Corporate styling and colors with a strong presence of natural elements that recall the Group’s commitment to sustainability. The large break area, equipped with our appliances, is pleasantly convivial with conversation corners reserved and welcoming at the same time. The different meeting rooms are dedicated to our brands and to the most famous areas of Milan,