Category Archives: Uncategorized

De’ Longhi, record growth in the first 9 months

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Net revenues of € 2,149.5 million, up 45.9%

De’ Longhi, a group active in the small household appliance sector dedicated to the world of coffee, cooking, air conditioning and home care, recorded net revenues of 2,149.5 million euros in the first nine months of 2021, up 45.9% (49.2% at constant exchange rates) compared to the same period of 2020. Adjusted Ebitda amounted to € 357 million (314.9 million on a like-for-like basis), up 124.9% and equal to to 16.6% of revenues. Net profit was 243.5 million euros, up 134.2% and equal to 11.3% of revenues.

The CEO of the Massimo Garavaglia Group commented: “The third quarter showed a robust growth trend at a high single digit rate, despite the very challenging comparison with the same quarter last year which had recorded a marked growth of + 26% on 2019. The exceptional results obtained in this macroeconomic scenario were accompanied by the expected acceleration of investments in communication and marketing. For this reason 2021 we believe we can continue to look positively at the evolution of the business, in the face of the growing global difficulties in the distribution and production sectors, and therefore we confirm the objectives and guidance for 2021 previously communicated”.

Investments amounted to 92.5 million euros, an increase of approximately 33.8 million compared to last year. The positive net financial position at 30 September 2021 amounted to 216.1 million euros (451.5 million euros at 30 September 2020). The group recalls that over the last 12 months it has finalized two acquisitions, that of the American Capital Brands in December 2020 and that of the Swiss group Eversys in May 2021, for a total financial commitment of € 463.4 million. For 2021, the Group expects revenue growth at constant exchange rates, at a rate that is in the upper part of the 28% – 33% range and an adjusted EBITDA improvement compared to last year, both in value and percentage. of revenues.

Gaggenau has launched the new Amsterdam flagship showroom

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Gaggenau has launched the new Amsterdam flagship showroom with a three day event for partners, dealers, architects, designers, press and influencers.

Each night, guests were taken on a tantalising journey with gastonomic masterpieces brought to life by Two Michelin star chef Edwin Vinke and his talented team. The dishes were complemented by luxurious Black Forest cocktails created by Robert Schinkel, that pay tribute to Gaggenau’s origins.

Midea big plans

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Seven months into his new role as the chief financial officer of Midea Group, 39-year-old Jeremy Choy is starting to feel at home in Foshan, a city neighbouring Guangzhou in southern Guangdong province.

With multiple new Midea office towers being visibly constructed behind him, Choy told the South China Morning Post in a video chat on October 29 that the appliance giant is ready to be taken seriously as a technology company, competing head-to-head with the likes of General Electric, Siemens, Philips and Xiaomi.

“Many people still regard Midea as merely a home appliance company, but if you look at our broad product portfolio in smart homes, building technology, robots and industrial technology, we are in fact a technology company,” he said.

Before moving to mainland China from his native home of Hong Kong, Choy was head of Asia technology mergers and acquisitions for HSBC. Before that, he worked for Goldman Sachs and JP Morgan. He joined Midea in April, shortly after the appliance brand saw its market capitalisation soar past 700 billion yuan (US$109 billion).

Employees at Glen Dimplex to go on three-day strike demanding better pay

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Glen Dimplex UK Ltd in Portadown has been served with notice of strike action after 96 percent of workforce voted for action in a strike ballot over Living Wage concerns.
Glen Dimplex UK Ltd in Portadown has been served with notice of strike action after 96 percent of workforce voted for action in a strike ballot over Living Wage concerns.

The first three-day strike action is due to commence with workforce pickets forming at 6am Wednesday, November 10 until Friday, November 12 at 3pm.

Unite the union has warned of the likelihood that initial strike action will escalate to all out strike if management do not provide a Living Wage to its workforce.

It’s now more than seven months since workers submitted their Living Wage pay claim and after much delay the latest offer is for a below-inflation 3.25 percent increase this year with a 4 percent increase the next.

Unite say this below-inflation pay offer means workers will actually suffer a further, real-terms pay cut. It falls far short of the 11 percent workforce pay claim.

Glen Dimplex is a hugely successful company, commanding more than 70 percent of the home heating market in the UK.

The company is ramping up investment and introducing new lines to take advantage of the surge in demand for its highly energy efficient products.

Gree fined for faulty dehumidifiers

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Chinese company that sold millions of faulty dehumidifiers to U.S. customers will pay $91 million for failing to tell regulators that the devices could overheat and could catch fire, federal prosecutors announced Friday.

Gree Electric Appliances, Inc. of Zuhai, China and its Hong Kong subsidiary entered into an agreement to avoid criminal prosecution, the U.S. attorney’s office announced. The firms also will provide restitution to victims for fire damage caused by the dehumidifiers.

Samsung Bespoke

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Samsung’s Bespoke Home vision offers consumers a home that is beautifully designed, full of flexible features, seamlessly connected and inspired by its user. In this third installment of ‘People Behind Bespoke’, Chanwoo Park, Head of Home IoT Business at Samsung Electronics, explains how the Bespoke Home harnesses connectivity between smart devices to enrich and streamline everyday home experiences.

 

In the Bespoke Home, your appliances come together to create a personalized home experience that is much more than the sum of its parts. Through the connectivity provided by Samsung Electronics’ innovative technologies, your appliances work together to create synergies that maximize convenience and bring something special to even the most basic of everyday routines.

Connected Solutions for a Changing World

Within the connected ecosystem of the Bespoke Home, artificial intelligence (AI) and Internet of Things (IoT) connectivity come together to completely transform the home experience. While AI is leveraged to study usage patterns and give better recommendations, IoT allows your appliances to seamlessly interconnect within your home.

What’s more, with the SmartThings app, a platform that supports thousands of devices across hundreds of brands, the ability to control the way it works is placed directly into the palm of your hand.

In practice, this means your washing machine will remember your favorite cycle and have it ready to go on laundry day. Once you choose what you want to make for dinner, your smart oven will receive the recipe and set itself to the right temperature. Your robot vacuum is even able to recognize your pet, and will send you a video so that you can keep an eye on them even when you’re away from home.

 

 

One Step Closer to Creating a Net Zero Home

With the recent rise of energy prices and the growing necessity for greener smart home solutions, Samsung envisaged SmartThings Energy as a way to empower users to be able to control the way energy is used throughout their homes and make smarter, greener decisions at home.

 

Thanks to the extensive growth of its partnership network, SmartThings Energy is growing into a smart energy management solution able to encompass the energy consumption of every appliance in a home, and even integrates such newer, renewable energy sources as solar.

 

In the UK, SmartThings Energy is now integrated with nearly13 million Smart Meters, covering almost half of all UK homes. The service increases household energy IQ by harnessing the power of a smart home platform that analyzes user behavior and empowers users to take action and make a change – whether that change be switching to a new energy provider or garnering more awareness of their carbon footprint through monitoring.

 

 

A Whole New Food Prep Routine

Building a weekly meal plan that is varied and contains meals that are both tasty and nutritious can be a big task – and that’s before you actually start looking at what you actually have the ingredients to make.

 

SmartThings Cooking curates your entire food preparation experience by building weekly meal plans based on your specific tastes, dietary needs and the ingredients you have on-hand. Once your meals are planned out, SmartThings Cooking connects to various food and grocery retailers to order any ingredients you might be missing. When it comes time to cook, SmartThings ensures your range is preheated to the right temperature for the meal you’re preparing.

 

SmartThings Cooking also puts an end to fumbling for recipes and flipping betweenbetween apps by bringing all the necessary searching, planning, purchasing and preparation together in one single place. With SmartThings, you can get all your meal planning done from wherever you are on your smartphone – or plan your meals right on the screen of your smart fridge – secure in the knowledge that your planning will be shared and easily accessible across your devices.

 

 

Connectivity for Pet Care

In addition to making your life more comfortable, connectivity in the Bespoke Home is now capable of improving the life of your furry friends, too. With its ability to monitor pets and connect to other smart devices, Samsung’s Bespoke Jet Bot™ AI+ and SmartThings Pet allow you to see what your pets are doing in real-time and make the environment more comfortable for them from wherever you are.

While going about its cleaning duties, your Bespoke Jet Bot™ AI+ recognizes when your pet comes into view, starts recording and sends the videos straight to your phone. After receiving these real-time updates, you can then use SmartThings Pet on your phone to adjust the settings on your smart air conditioner, air purifier and lights back home to make sure your pet is as comfortable as possible while you’re away.

 

 

Give Your Clothes the Care They Deserve

The clothes we wear every day are important mainstays of our lives, but maintaining sensitive and specialty items can prove complicated, especially given that properly cleansing our garments has become particularly important in the current climate.

 

SmartThings Clothing Care recommends optimal cycles for the items you’re washing based on material type, your usage patterns, the current season and more. A comprehensive smart wardrobe management system, SmartThings Clothing Care also monitors detergent levels, and can even order more detergent from online retailers when you’re running low.8


With SmartThings, your Bespoke AirDresser and smart washer communicate with one another to share information and deliver personalized cycles and settings. Auto Cycle Link then matches the settings on your dryer to your wash settings to ensure your clothes are getting the consistent treatment that is just right for their garment type.Committed to a Sustainable Bespoke Home Experience

With Bespoke Home, Samsung is dedicating itself to bringing an end to the ‘one-size-fits-all’ approach. We have committed to making all of our current and future products IoT-ready in order to realize their vision for a more connected world.