Fourth quarter with clear growth allowed De’Longhi to surprise the markets with an expanding balance sheet in terms of margins and cash generation the Group increased sales by 4.7% (8% at constant exchange rates) with Ebitda margins equal to 16.6% of revenues (a marked improvement compared to 14.6% last year). In the 12 months, turnover fell by 2.6% (-0.2% at constant exchange rates) but Ebitda went from 11.5 to 14.4% of revenues.Net profit almost doubled from 364 to 663 million euros and 40% will be turned over to shareholders who will receive a dividend of 0.67 euros.The growth of Eversys’ professional coffee machines was significant, maintaining a sustained expansion trend throughout the year, achieving a turnover of over 30% in the twelve months.
Acer launch home appliances
Acer, known for its laptops, is launching a range of home appliances under a new brand, Acerpure, offering air purifiers, an air circulator and a vacuum cleaner with more products to follow Headlining the range is the Acerpure Pro UVC Air Purifier equipped with advanced UVC purifying technology and a four-in-one HEPA filter, providing a high CADR of 700m3/hour and coverage up to 116 square metres. A smart CO2 detection system constantly monitors air pollution in the area. Acerpure Clean Lite Cordless Vacuum Cleaner is designed for quick clean-ups with a 15-minute runtime, 13,000Pa suction and lightweight design at 550 grams. A triangular shaped brush design is specifically made for corners to ensure edge-to-edge cleaning. It comes with a range of brush accessories that can be switched at the push of a button. The vacuum also features a DC motor and USB type-C charger.
KITCHENAID RIVALS BEST RICE COOKERSÂ
KitchenAid team’s latest innovation – the Grain and Rice Cooker.
Inspired by the global availability and consumption of grains, rices, and beans for health, dietary, and environmental reasons, the Grain and Rice Cooker has been tested and improved by the KitchenAid Small Appliances team through years of hard work,The new KitchenAid Grain and Rice Cooker provides the perfect water-to-grain ratio every time, for 21 different ingredients. The integrated scale senses how much has been added and cuts out the guesswork with cook times and liquid ratios
SIA Launch at kbb
SIA, had its first stand at kbb Birmingham to introduce visitors to its products.
SIA is part of the Manchester-based For Everyone Group and although its kbb stand marks the first public showing of their brand, the company has been supplying appliances to the UK for over 30 years on an OEM basis to the likes of PJH, Montpellier and B&Q.
Andrea Romeo, Sales DIrector for LG Italia Home appliances
LG Electronics Italia announces the entry of Andrea Romeo as Sales Director of the Home Appliances (HA) division
Romeo, who will report to the Sales Director Consumer Electronics Francesco Salza, will be head of the Home Appliances division and will focus on the development of new commercial strategies aimed at consolidating LG’s presence on the white goods market as leader of the premium washing and cold segments and aim to grow in other product categories such as dishwashers and vacuum cleaners
Yannick Fierling leaving Haier
Changes at the top of Haier Europe Yannick Fierling,is leaving ,He joined the Chinese multinational as CEO Europe: it was 2015 and he came from another top position, that of CEO of Whirlpool Europe
he helped build Haier from practically from zero one of the leading home appliance companies in Europe, growing faster than all their competitors for eight consecutive years and multiplying by 10 the turnover. There is more. They out the first Chinese company entering the Frankfurt Stock Market, made a successful acquisition and brought the group to the 3rd position today in Europe. And have built five factories, and doubled the number of employees
UK Antitrust gives green light to the joint venture between Whirlpool and Arçelik: Beko Europe is born
Arçelikâs main goal is to create the future leader of the home appliance industry, and certainly this agreement marks a significant step towards that direction. In any case, the new industrial entity, Beko Europe, will include a wide range of brands of great relevance in the sector, ranging from Whirlpool itself to Indesit, Bauknecht, Privileg, Ignis, Grundig, Arctic, Elektrabregenz, Flavel and Leisure, Hotpoint, Altus and Blomberg. This diversification of the brand portfolio will provide a unique opportunity for the new joint venture to reach a wide range of consumers and consolidate its presence in the global home appliance market The agreement will also have an important impact on Italian territory. Arcelik will provide two factories in Romania to the new company, while Whirlpool will move its European large household appliances business unit, which includes seven factories in Europe and employs a total of 14,000 employees. In Italy, the operation will involve various factories, such as those in Siena for freezers, Comunanza (Ascoli Piceno) for washing machines and washer-dryers, Melano (Ancona) for hobs and Cassinetta (Varese) for built-in refrigerators and microwave ovens. Furthermore, the Carinaro (Caserta) site will be involved with a logistics warehouse and a reconditioning center for damaged Whirlpool products.
Sebo getting fruity
Hello to the new addition to the Sebo range of cleaners fruity new arrivals; the Airbelt K1 and E1 Plum and the Airbelt K1 Berry! đ
Add colour to your cleaning routine! Compact, powerful and full of innovative features, they not only offer superb cleaning performance but they brighten up any home!
Dualit unveil latest innovation: the NEW Cocoatiser Hot Chocolate Maker.
Enjoy cafĂŠ quality hot chocolate at home, every day. With the Cocoatiserâ˘, you can make velvety smooth hot chocolate, to rival even the finest coffee shops! No need to buy a special brand, use your favourite chocolate or experiment with different types or flavours. The range of unique, patented accessories ensures perfectly texturised frothed milk for a variety of chocolate drinks including hot chocolates, mochas, chocolate milkshakes and more. It’s the ultimate luxury gift for hot chocolate lovers!
Domestic appliances deal cleared by the CMA
Following a provisional clearance in February, the CMA is now allowing the proposed deal between Arçelik and Whirlpool to go ahead.Arçelik and Whirlpool are two of the largest suppliers of major domestic appliances (MDAs) in the UK, including washing machines, tumble dryers, dishwashers and cooking appliances. Arçelik supplies MDAs primarily under the Beko, Blomberg and Grundig brands, and Whirlpool supplies MDAs primarily under the Indesit and Hotpoint brands.
The Competition and Markets Authority (CMA) referred the deal to a Phase 2 review after initially identifying concerns which warranted further investigation during its Phase 1 investigation.
Since then, an independent CMA panel has gathered and analysed a wide range of evidence â including seeking views from businesses and customers â in order to assess the potential impact of this deal.
The panel reviewed evidence which showed that while Arçelik and Whirlpool both have strong market positions, they will continue to face significant competition from other suppliers. This includes well known suppliers and brands such as BSH (including its Bosch and Neff brands), Haier Group (including its Hoover and Candy brands), Samsung and LG; retailersâ âprivate labelâ brands such as Logik and Bush (Currys and Argos); and more recent entrants such as Hisense.
The evidence also showed that the competitive landscape has changed considerably in recent years and continues to do so. Whirlpoolâs market position in MDAs has significantly declined over the last decade, and it is likely that its European MDA business will be fundamentally different in the future. At the same time, suppliers such as Haier Group and Hisense have gained market share, and it is likely that they will continue to expand. These market dynamics are supported by a range of evidence, including from internal documents, financial analysis and third parties.Arçelik will set up a new standalone business, Beko Europe B.V., to which Arçelik will contribute its European MDA and small domestic appliances businesses and Whirlpool will contribute its EMEA MDA business. On completion of the deal, Arçelik will hold c.75%, and Whirlpool will hold c.25%, of the shares in Beko Europe.
WHITEGOODSNOW 