Elica net profit falls

Elica  closed 2024 with a group net result of 9.4 million euros (11.3 million in 2023), revenues of 452.1 million (down 4.5% on the previous year), an Ebidta of 31.4 million (7% of revenues) and an Ebit of 8.1 million euros. This was announced in a press release from the group, after the board of directors approved the financial statements for the 2024 financial year. The net financial position at 31 December 2024 was -46.8 million euros, down 13.2% compared to 2023

The new Thermomix® TM7

The new Thermomix® TM7 Designed and engineered in Germany, it embodies the highest standards of quality and innovation. Key components, such as the motor, are produced in Germany, while the final assembly takes place in France. This collaboration between German precision and French skilled craftsmanship underlines the dedication to excellence and sustainability in European production.

Cook, boil, simmer and stew; chop and mince meat, nuts, herbs and vegetables; blend; make yoghurt; mill rice, nuts and grains into flour; grind coffee, sugar and nuts; knead dough; whisk; grate; puree and crush. It can replace pretty much every kitchen gadget you own.

A larger 10-inch multi-touch display, Thermomix® TM7 takes user interaction to the next level, combining smartphone-like usability with the seamless integration of hardware and software.

➡️ By removing the rotary knob, we’ve streamlined the interface, allowing the enhanced digital experience and the world of Cookidoo® to take center stage – not only on your smartphone but directly on the TM7 itself.

➡️ A standout feature is the customizable home screen, designed to put inspiration and personalization at your fingertips.

GE workers agree deal

Workers at GE Appliances’ main Appliance Park manufacturing complex in Louisville, Kentucky, have secured a new four-year contract that includes higher pay and lower health insurance deductibles.

After rejecting an earlier offer in December, the facility’s approximately 5,000 union workers overwhelmingly approved the new labor agreement. The contract represents a significant investment of about $142 million over its duration.

The new deal reduces healthcare deductibles by about 60% and establishes career advancement pathways that can lead to annual pay raises. Additionally, it includes salary boosts on employees’ one-, five-, and ten-year anniversaries.

Electrolux CEO Outlook

Yannick Fierling, Electrolux’s newly installed president and CEO, offered a mixed outlook for the industry but expressed confidence in his company’s execution, brand recognition and product line following a return to U.S. profitability last quarter. Here are excerpts from his commentary.

First Impressions
“After having spent three months getting to know Electrolux Group and its stakeholders, I assumed the position as CEO on Jan. 1, 2025.

“Key takeaways from my initial time with Electrolux Group are the strength of our product offering and the clear identity of our Electrolux, AEG and Frigidaire brands. We really know our consumer, evidenced by the high online consumer star ratings for our products. It is essential to truly nurture the local strengths and what differentiates us in the market, while further leveraging our global scale to drive innovation and mix — all in a cost-efficient manner.

“In addition to offering great products that help consumers make more sustainable choices at home, we need to move even further to experiences by expanding our customized solutions throughout the consumer journey.”

Whirlpool goes through round of layoffs, cuts administrative jobs

The appliance giant based in Benton Harbor confirms it’s cutting administrative jobs across the workforce, The company didn’t say specifically how many jobs are impacted, but did say less than 1 percent of the total workforce.Whirlpool says it’s establishing an organization to standardize IT, human resources and finances and remain based out of Benton Harbor

Shark best results

In Q4 2024, net sales grew 30% and Adjusted EBITDA increased 33%, contributing to a full-year increase of 32% in Adjusted Net Sales and 32% Adjusted EBITDA growth.Highlights for the Year Ended 2024 as compared to the Year Ended 2023

Net sales increased 30.0% to $5,528.6 million and Adjusted Net Sales increased 32.4% to $5,528.6 million.
Gross margin and Adjusted Gross Margin increased 320 and 220 basis points, respectively.
Operating income increased 72.4% to $644.2 million. Adjusted Operating Income increased 31.5% to $839.5 million.
Net income increased 162.6% to $438.7 million. Adjusted Net Income increased 37.2% to $616.2 million.
Adjusted EBITDA increased 32.2% to $951.1 million, or 17.2% of Adjusted Net Sales.
Mark Barrocas, Chief Executive Officer, commented, “SharkNinja delivered exceptional performance throughout 2024, capping off our strongest year to date with outstanding fourth quarter results. Our proven three-pillar growth strategy continues to drive market share gains across our expanding product portfolio, fuel category expansion, and accelerate our global presence

Amica 2025 launch

Amica Focuses on Cooking for 2025, Harmonizing Ranges and Technologies
Amica is doubling down on its expertise in cooking, making it the central focus of their 2025 product releases, slated for the second quarter.  Leading the charge is the new Black Inox oven range, highlighted by a top-of-the-line multifunction oven (€749).  This model boasts 19 automatic programs, including a “soft steam” cooking option (achieved by adding water to the oven cavity, as it lacks a built-in steam generator).  Joining the oven is a matching microwave with a similar, fully touch-sensitive interface and minimalist design.  The microwave distinguishes itself with automatic door opening and no handle.
This new range showcases Amica’s commitment to a streamlined, minimalist aesthetic, evident in features like the subtly embedded logo.  Beyond aesthetics, Amica is pursuing a broader harmonization of its product lines across Europe. This includes both built-in and freestanding ovens (cookers), aligning them technically and visually.  Several features and accessories previously found only in higher-end models are now becoming standard across the new ranges.  Examples include telescopic rails and the increasingly popular air fry function, complete with a dedicated basket, complementing the standard grills and drip pans.  The cooking probe, traditionally reserved for built-in ovens, is another feature now making its way into the top-tier freestanding models.

Amica plans to launch another range of more premium ovens around April (prices could range from €850 to €999, to be confirmed). It will include a 60 x 60 cm oven combining traditional and microwave cooking functions. The brand also mentions a model equipped with a steam generator, allowing the addition of steam or total steam cooking (from 25 to 100%). Also worth noting among the new products is a 38 cm microwave with a drop-down door, with a capacity of 34 L (compared to 25 L usually for this type of format, the brand specifies).
As for hobs, Amica is also preparing to market several new models, for the second quarter of 2025. Among the brand’s areas of work, we can mention flexible zones or even assistance with use through functions directly offered on the hob with the appropriate temperatures (for boiling or searing, for example). The goal is to help consumers who are not used to induction to use their device more easily. This is certainly not new on the market, but Amica remains faithful to its philosophy of providing smart, practical little extras on a daily basis, while maintaining affordable prices.

Another exciting development in the world of kitchen appliances is the introduction of hobs in various colors. One standout option is a sleek white model (60 cm), perfect for minimalist kitchen designs. At the EspritMeuble show, an anthracite grey hob, made from exquisite Japanese glass, also caught our attention.

In the realm of cooker hoods, Amica is revolutionizing the market with its Gesture Control technology, now accessible across their entire range, including island hoods. This innovation isn’t just about high-tech features—it’s also about making them affordable. For instance, the A+ model (70 cm) is available at an attractive price of €499. Additionally, the technology has been extended to filter units, with prices starting at just €229.

Boosting Brand Visibility: Bora’s New Campaign for 2025

Bora has kickstarted 2025 with an innovative multimedia campaign aimed at amplifying brand awareness and driving retail sales.

This campaign showcases Bora’s holistic kitchen concept, offering extraordinary products for extraordinary experiences. The portfolio now includes steam ovens, cooling appliances, cleaning and washing-up systems, lighting, and accessories, in addition to the renowned, cutting-edge cooktop extractors. The campaign underscores how this comprehensive product range delivers complete solutions for storage, marinating, cooking, baking, roasting, steaming, cleaning, vacuum sealing, and lighting.

Building on the success of previous campaigns, which reached millions of consumers, this multimedia initiative highlights Bora’s steadfast support for its international retailer network and its commitment to mutual business growth. The curated package of digital, analogue, and point-of-sale measures aims to enhance Bora’s brand recognition, boost product demand, and attract more consumers to showrooms.

At the heart of the campaign are new TV adverts, set to air over several weeks in five European countries. These engaging commercials are projected to reach over 97 million viewers in the UK alone during January and February. The campaign will also feature on Bora’s Facebook, Instagram, and YouTube channels, supported by SEO, dedicated POS material, and print adverts.