Electrolux Professional’s CEO Alberto Zanata has said the company “expects to continue our improvements” in 2025 after registering a 12% increase in sales during the fourth quarter.
Revenue for the three months to the end of December rose to SEK3.3 billion (£241m), with the company posting organic growth of 3% while acquisitions contributed almost 8%.
French induction cooking manufacturer Adventys was among the companies that Electrolux Professional bought last year, along with Japanese laundry firm TOSEI.
Holden takes on Miele Professional head of service role
Miele Professional has appointed Sam Holden head of service for Great Britain and Ireland. His appointment strengthens Miele Professional’s service operations in the UK. Holden has been with Miele Professional since 2019 as a business account manager and brings a wealth of commercial experience to his new position. He will oversee the management of service operations for the Professional division which includes commercial laundry and wetcleaning equipment and solutions
Marius Mihăilescu takes over as CEO of Beko Romania, Moldova, Greece, Malta and Cyprus
Beko Romania, the leader of the local home appliance market, announces the appointment of Mr. Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, taking over the position on January 1, 2025, from Mr. Murat Büyükerk, who concludes his seven-year tenure leading local operations and will pursue new professional opportunities.
Haier to close factory
The Chinese manufacturer Haier invested 65 million euros in the construction of the factory in Aricești Rahtivani, about an hour north of Bucharest, and received 25 million euros in state aid, which was gradually paid to the company. Haier representatives are now negotiating with the Romanian government to withdraw from the contract. The factory has fallen victim to optimization processes that Haier started in response to developments on the European market. The world leader in the appliance market tried to reduce operating costs last year and laid off about half of the original thousand employees in Romania. However, this was clearly not enough to save the plant. More than 400 people will lose their jobs by March of this year. The remaining 100 or so will work for Haier until the entire factory is completely dismantled. The equipment and machines will be used in another Haier industrial complex – which one, Haier did not specify. Since the end of the factory has a considerable impact on the labor market in its vicinity, employees will receive assistance from an employment agency in addition to severance pay, which should help them find alternative jobs
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Singer Beko new factory Bangladesh
Singer Bangladesh Limited, a subsidiary of Beko, flagship of Türkiye’s Koç Holding, held the ‘Grand Opening Ceremony’ of its state-of-the-art Home Appliances Plant on 30 January, 2025 Spanning 135,000 square meters, the new facility is a flagship project within BSEZ (Bangladesh Special Economic Zone) and will produce refrigerators, televisions, washing machines, air conditioners and other major appliances for the local market. By producing over 90% of its products domestically, the Home Appliances Plant will cater to the Bangladeshi market while positioning Bangladesh as a regional hub for consumer durables in the medium to long term. It will develop a robust local supplier ecosystem, significantly reducing dependence on imports in the sector. Plans are also underway to export products to neighboring countries in South Asia, further solidifying Singer Bangladesh’s role in the regional market.
The design of the new factory has been optimized to maximize natural daylight, with skylight roof surfaces being used for sustainable energy management. The new facility is solar-ready, and the installation of solar panels would prevent up to 60% of carbon emissions. Rainwater will be harvested and stored for use of grey water and for landscape irrigation. Energy monitoring systems will be used to ensure sustainability and quality targets are met. The construction of the plant has been carried out mainly using locally sourced and recycled materials.
Arcelik financial
Arçelik has released its financial data for Q4 2024. Sales increased by 19% year-on-year to 108.3 billion Turkish liras (€3 billion), but were down 3% from the previous quarter. EBITDA dropped by 9% to 4.8 billion Turkish liras (€0.13 billion), with a profit of 1.7 billion Turkish liras reported to shareholders.
For the entire year of 2024, Beko Europe’s parent company recorded sales of 428.5 billion Turkish liras (€11.61 billion) and an operating profit of 15.8 billion Turkish liras (€0.4 billion), a 30% decrease. EBITDA was 25% lower than in 2023, at 23 billion Turkish liras.
De Longhi positive result
De Longhi 2024 the Group achieved a robust increase in turnover of 14%, accelerating to 18% in the last quarter due to considerable growth on a like-for-like basis, as well as the consolidation of La Marzocco which confirms the positive momentum seen in the year.
The evolution of revenues reaffirmed the structural growth trend in coffee and the renewed interest in the nutrition area for the sixth consecutive quarter, and highlighted growth in the household sector of around 12% over the last three months.
These results once again demonstrate the Group’s ability to seize the opportunities of a structurally expanding market, also thanks to the effectiveness of investments dedicated to innovation and brand communication.” commented CEO Fabio de’ Longhi.
Europe’s new industrial strategy
With 75% of large and 50% of small appliances made and sold in Europe, the home appliance industry is a major economic asset for the EU.
In designing the Clean Industrial Deal, the European Commission must ensure that this industrial excellence is preserved and enhanced.
Today the sector supports 1 million families across the EU, but this workforce is at risk if there are no clear signals from policymakers encouraging manufacturing within Europe.Read the full analysis: https://applia-europe.eu/news-applia/5-reasons-home-appliances-are-key-to-europes-new-industrial-strategy
Electrolux Q4 earnings beat estimates
Electrolux reported strong fourth-quarter results, with an operating profit of SEK 1.25 billion (€1.09 million), slightly above analyst expectations. Sales rose by 6.5% to SEK 37,968 million (€3.3 billion), with organic sales growth at 11.5%.
CEO Yannick Fierling highlighted improvements in the North American market, driven by new products and increased productivity. He also noted the divestment of asbestos claims in the U.S., providing greater financial transparency. In Latin America, the group performed well with an 8.0% operating margin.
However, potential U.S. tariffs could create uncertainty in the North American market, leading to an initial stock drop of nearly 10% on the Stockholm Stock Exchange, which has since partially recovered. Electrolux announced no dividend for 2024.
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