LG Electronics (LG) is set to showcase its “Fit & Max” kitchen solution at the 2025 Kitchen and Bath Industry Show (KBIS) in Las Vegas, offering a design that seamlessly fits into spaces while maximizing both capacity and performance. Boasting Zero Clearance™ technology, the company’s cutting-edge kitchen appliances are an ideal fit for any kitchen
In the latest edition of the European Design Awards, the Teka brand has received 4 accolades across two different categories: the Full Black edition ovens, the MestrePaeller induction cooktop, and the Total Oven Range have been recognized in the Home /Kitchen Appliances category
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 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.
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.
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.”
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
The brand-new portable deep cleaner is a fun-sized version of the viral Little Green® portable deep cleaner we all know and love, perfect for storing in small spaces without sacrificing on performance
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
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