Marks electrical announced a half year update on their financial and operational performance. Sales were up 15.1% overall, despite a very challenging market. Strong performance was driven across all major product categories, notably A-rated energy efficient laundry appliances which grew at over 35% in the period reflecting more conscientious buying habits.
founder and CEO, Mark Smithson, said of the results:
“I’m proud of the performance we’ve delivered against a tough back-drop, with the Group’s sales up 15.1% in a very challenging market. This further demonstrates the resilience of our business model and is down to the hard work of everyone at the Company.
Our market-leading customer service and free next day delivery, combined with in-house installation expertise, provides a compelling and unique offering, that sets us apart from the competition.
We go into a busy period with growing momentum and confidence in our unique proposition.”
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Candy Hoover Hungary also strengthens with a new managing director.
As of August, Candy Hoover Hungary , which is considered one of the leading domestic appliance distributors, will be managed by a new managing director, Márton Rózsa , who previously headed Samsung Electronics Hungary’s consumer electronics business. The company’s first man set a very dynamic development path for the company. This is a prominent stop for the number one player in the American and Asian premium home appliance market,This is a very important period in the life of Candy Hoover Hungary, as we are laying the important pillars of long-term growth. This is a serious motivation for me, because I have always loved challenges where development and construction were the focus. Brand introduction is a rare task in the life of most companies, which is why it is a very important task. The economic situation is also challenging, so it is particularly important how we prepare and do this. Of course, we also want to support the parent company’s efforts to make the Haier brand among the Top 3 in the premium segment in Europe within the foreseeable future,” emphasized Márton Rózsa .
LG and Falconeri, together for the “Perfect Cashmere” operation
LG Electronics and Falconeri, a brand specializing in the creation of high quality cashmere products, launch the “Perfect Cashmere” operation which will see the two brands together for a joint communication campaign dedicated to garments care. The effectiveness of the combination of technology and precious materials was demonstrated by the tests conducted by Falconeri on the LG AI DD washing machine (model F6WV7105GA) which passed the test, returning clean and soft garments and in perfect condition. LG AI DD washing machines are equipped with Artificial Intelligence that recognizes the degree of softness of the fabrics and chooses the optimal drum movements to reduce damage from rubbing during washing, choosing from over 20,000 possible combinations. Furthermore, the Steam+ technology uses low-temperature steam during the washing phase to sanitize garments without damaging them while ensuring a high level of energy efficiency. The two brands will be involved in numerous joint activities including a special promotion.
Teka presents its new range of wine cellars that adapt to keep each type of wine in ideal conditions
Teka has presented its latest products
The brand has presented its series of Sommelier wine cellarselectrical appliances with a careful design and the latest technologies to be able to take care of the wine and keep it in the ideal storage conditions. Each type of wine needs to be kept at a specific temperature and that is what the Sommelier wine cellars presented by the brand are looking for. To achieve this, Teka has provided this range of different technologies aimed at achieving the ideal conditions.
The Sommelier range has PerfectTemp technology that allows you to create up to three independent temperature zones so that we can store red, white and sparkling wine in one place, each with precise conditions.
To maintain the temperature, the wine cellars have the SmartControl system so that the temperature does not oscillate more than 1º. In addition, they add the SurroundAir cooling system, which evenly distributes cold air to keep the temperature constant and homogeneous throughout the interior HumidityControl, which maintains the proper humidity level, between 55% and 75%thus preventing the cork from drying out and preserving its quality, and an activated carbon filter, which renews and purifies the air inside.tinted glass door that protects from light and UV rayspreventing the premature aging of the wine and an anti-vibration system that dampens any movement, thus avoiding the fatigue of the wine.
The Sommelier range is available in different sizes and designs designed for three different types of installation: built-in, undercounter and free-standing. In addition, they have reversible doors that allow the wine cellar to be adapted to any space, being able to choose between opening to the right or to the left.
Polti new irons
Polti has enriched its range of irons with two new models: “La Vaporella” XT120C and XM84C. There are two distinctive characteristics in common: the first one is the 10-year guarantee on the boiler with patented “No calc longlife Boiler” technology, which prevents the negative effects of limescale for a longer life of the iron and without maintenance. The other distinctive feature is the multidirectional rounded plate (patented) with 360° Fluid curve technology, designed to iron more easily and comfortably. The new models boast the ECO function, which allows water and energy savings. Other pluses of these appliances are: 6 preset programs that automatically combine temperature and steam power, Steam Pulse function that allows the steam to come out automatically at regular intervals, without having to press a button, unlimited steam autonomy, auto switch-off, removable tank, LED with indicators on the handle etc. Both models are ready to use in just 2 minutes.
Ultimate Products renews Russell Hobbs licence
The new agreement is on a rolling four-year basis, rather than the previous fixed-term arrangement due to end in March 2023.
Russell Hobbs is a British heritage brand for which Ultimate Products has had the licence for cookware lines since 2011. The current Russell Hobbs offering spans a range of non-electrical kitchen and laundry products designed to help with chores in the kitchen and beyond.
In FY22, Ultimate Products generated unaudited revenues of £20.2 million under the Russell Hobbs trademark, representing 13.1% of its total revenue for the period. Following the group’s acquisition of Salter Brands in July 2021, Russell Hobbs is the only licence agreement which Ultimate Products operates.
Gaggenau multi function warming drawer
Gaggenau launch their new multi function warming drawer With an even heat distribution of up to 80 °C, the warming drawer is perfect for slow cooking. With the slow cooking program, you can prepare your food effortlessly – whether you want to enjoy a perfectly cooked roast or want to keep a prepared meal warm for as long as you like. The warming drawer is also useful for many other tasks: letting dough rise, drying herbs and fruit, defrosting frozen food, melting chocolate or preparing yoghurt yourself. In addition, the warming drawer conveniently brings plates and cups to the right temperature or offers storage space for kitchen appliances and oven accessories. The hygienic glass surface is easy to clean.
Elica, the financial results
Elica grows thanks to Nikolatesla and engines
The success of the new hob and motors compensates for the weakness of OEM demand and allows us to forecast a positive year end in terms of turnover and margins.
The success of the new hob and motors compensates for the weakness of OEM demand and allows us to forecast a positive year end in terms of turnover and margins.
Web editing by Web Editor 30 October 2022
Elica grows thanks to Nikolatesla and engines
Giulio Cocci_ Chief Executive Officer of Elica SpA
Elica spa grows despite the “significant slowdown in demand”. In the first 9 months of 2022, revenues increased by 3% to 419 million euros and the EBIT margin increased by 2.8% to 25.6 million (6% of turnover) obtained despite increases of 50 million in costs. The net result is therefore close to 16 million: this is 32% more than in the corresponding period of 2021.
The engines fly and the NikolaTesla range grows
Sales of own brands are growing (+ 6%) and the motors segment is flying (+ 22% to 95 million) driven, in particular by the heating segment and by the consolidation of EMC and CPS, now merged into EMC Fime srl, acquired on 2 July 2021, which contributed € 19 million in the first nine months of 2022.
In the cooking segment, the decline in OEM demand was offset by the growth of NikolaTesla cooker hobs which today represent around 16% of the Cooking turnover and recorded a CAGR of + 40% compared to the first nine months of 2020.
Smeg opens experience store in Singapore, first in Southeast Asia
Smeg, the instantly recognisable Italian appliances brand, has opened its flagship Singapore showroom at The Heart, Marina One. This marks Smeg’s first Southeast Asia experiential showroom, featuring an extensive collection of large and small appliances.
If you’re new to this Italian brand, it’s not just a brand; it’s an aesthetic, jazzing up kitchens with their retro and colourful appliances such as fridges, kettles, toasters, mixers, ovens and even laundry machines. According to a staff member I spoke to at the showroom, the small appliances are some of the most popular choices, especially when it comes to their official e-stores on Lazada and Shopee.Later this year, Smeg will be debuting its newest range, Galileo, a new generation of combination ovens which are a thermo-fluid dynamic redesign of the heating system with professional algorithms that aim to revolutionise the home cooking experience.
For now, our favourite 11.11 sale is coming right up, and a more cost-effective way to make your kitchen look even nicer is through these small appliances!
Electrolux job losses
Swedish home appliances maker Electrolux on Friday announced that it would cut up to 4,000 jobs as part of a restructuring programme, as the group reported heavy third quarter losses. The majority of the targeted cost savings will be realised in business area North America”, AFP reported the company as saying. It added that “3,500-4,000 positions will be affected by the programme.”
The company reported heavy losses, especially in North America, owing to slowed demand. As per the estimates, inflation and high interest rates are expected to lead to further declines.
“Market demand in both Europe and North America for the full-year of 2023 is expected to further deteriorate, i.e. be negative year-over-year,” Chief Executive Jonas Samuelson said in a statement.
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