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.

LG cutting emissions

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LG Electronics (LG) announced that its strategy for cutting greenhouse gas (GHG) emissions in the entire manufacturing process from production to use by 2030 has been independently reviewed and validated by climate expert SBTi, making LG the first Korean manufacturer of home appliances to receive such recognition. The validation confirms LG’s confidence in its strategy to reduce the total amount of direct greenhouse gas emissions in line with Business Ambition for 1.5°C, which LG committed to earlier this year.

Whirlpool 110 year anniversary

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11th November 2021, Whirlpool Corporation is celebrating its 110 year anniversary. To mark the occasion, the company will be reflecting on its significant history of innovation and collaboration throughout the decades.

Improving life at home has been at the heart of Whirlpool Corporation’s approach since it was founded in 1911. From humble beginnings, to becoming one of the world’s leading appliance manufacturers, the company has evolved into a well-loved, highly respected brand that is recognised across the globe.
To read about Whirlpool’s history https://www.whirlpoolcorp.com/history/

Discover the new Premium Fagor washing range

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Discover the new Premium Fagor washing range

Save detergent in every wash with OptiDoseWith OptiDose, self-dosing technology, the washing machine uses the exact amount of detergent your clothes need. Forget about refilling the dispenser for 20 washes!Maximum hygiene and disinfectionSterilize and thoroughly clean your garments, eliminating 99.9% of viruses and allergens thanks to UV-C Hygiene technology with ultraviolet light.Save time and energy with OptiTimeChoose between the 2 options offered by the OptiTime function, the time and consumption that you need the most at that moment and save up to 43.5% in electricity and up to 44% in washing time. Short programs for when we lack time or more efficient programs that consume less.Take care of your delicate garments with specialized programsThe wool program cares for and protects the fibers of your sweaters and the programs that incorporate steam in the wash, make the fabrics loosen and also save you ironing time.Premium designThe new look with a large door and color display offers a premium design to blend in perfectly with your kitchen.

More information https://fagorelectrodomestico.com/page/gama-lavado-premium

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.

First BOSCH Brand Store in Belgium

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The first BOSCH Brand Store in Belgium was officially opened on October 8, 2021. The opening ceremony was attended by numerous BSH suppliers, public figures, and BSH employees. With a total size of over 400 m², customers are welcomed in a bright, modernly designed space where the DNA of the Bosch brand is palpable. The products are perfectly presented thanks to the concept developed by the German service provider “Schmidhuber” and the excellent work of the Belgian service provider “Creaplan”. There, customers can explore the BOSCH product world and experience the brand’s new innovations up close. Of course, competent store employees are available for consultation