Tag Archives: Elica

Elica Previews Two Major Innovations for EuroCucina 2026

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Elica is set to make waves at EuroCucina 2026 with two standout launches: an upgraded Lhov All‑in‑One system and the new Luna smart lamp.

🔥 Lhov, Now Smarter and Sleeker
The integrated hob‑oven‑extractor returns with a matte white finish, voice control, and more intuitive functions. Its seamless design blends directly into modern cabinetry, pushing the boundaries of minimalist kitchen tech.

💡 Luna: Lighting That Thinks
Luna goes beyond traditional lighting, combining ambient and task illumination with gesture, app, and voice control. It automatically adapts to what’s happening in the kitchen, creating a dynamic, responsive atmosphere.

🌐 A Step Forward in Kitchen Experience
With Lhov and Luna, Elica reinforces its role as a global leader in kitchen innovation — merging design, smart technology, and everyday usability into one cohesive experience.

Elica Appoints Luca Barboni as New CEO Following Leadership Transition

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Elica SpA, a global leader in kitchen ventilation and home cooking technologies, has announced a significant change at the top of its leadership team. The Board of Directors has appointed Luca Barboni—formerly Managing Director of the company’s Cooking Business Unit—as the new Chief Executive Officer.

The decision was made through co‑option, in line with Elica’s established succession plan and following the recommendation of the Nomination and Compensation Committee. The appointment also received the full support of the company’s independent directors, underscoring a unified strategic direction for the brand’s next chapter.

Barboni steps into the role with deep operational experience and a strong track record within Elica’s core business. His leadership of the Cooking BU positioned him at the centre of product innovation, market strategy, and the company’s evolving approach to premium home appliances—making him a natural fit to guide Elica through its next phase of growth.

This transition follows the resignation of Giulio Cocci, who has served as CEO since March 2021. Cocci and the Board mutually agreed that the time was right for a leadership change, with his resignation taking effect immediately. During his tenure, Cocci oversaw a period of strategic consolidation and operational strengthening, navigating the company through a challenging global landscape.

Elica’s leadership shift signals a renewed focus on innovation, operational excellence, and competitive positioning within the global home appliance market. With Barboni at the helm, the company appears poised to accelerate its momentum in both product development and international expansion.

WhiteGoodsNow will continue to follow updates from Elica as the new CEO begins shaping the company’s strategic direction.

Elica Closes 2025 with Modest Revenue Growth but Pressured Margins Amid Strategic Transformation

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Elica has released its fourth‑quarter and full‑year 2025 results, offering a clear snapshot of a company in the middle of a major strategic shift—from a traditional range‑hood specialist to a broader cooking‑appliance player. The transition is underway, but it’s not without financial friction.

Steady Revenue Growth in a Challenging Market

For the full year 2025, Elica reported revenues of €461 million, a 1.6% increase compared to 2024. The final quarter contributed €111 million, with organic growth of 1.7%, signalling that demand held firm despite a competitive and promotion‑heavy environment.

This growth was supported by:

– Strong promotional activity across key markets 
– The rollout of new product lines 
– Continued investment in expanding the cooking‑appliance portfolio 

Margins Under Pressure as Transformation Continues

While top‑line performance remained positive, profitability took a hit. 
Elica’s EBITDA declined from €31 million to €28 million, bringing the margin down to 6%.

The company attributes this margin squeeze to:

– Heavy promotional spending across the sector 
– Costs linked to launching new products 
– Significant investments required to evolve from range hoods into full cooking solutions 

This shift is central to Elica’s long‑term strategy, but the financial impact is clearly visible in the short term.

From Profit to Loss: A Difficult Bottom Line

The most striking figure in the 2025 results is the bottom line. 
Elica closed the year with a net loss of nearly €5 million, a sharp reversal from the €2.6 million profit recorded in 2024.

The company remains confident that its transformation will strengthen its competitive position, but 2025 underscores the cost of that evolution.

What This Means for the Appliance Sector

Elica’s results reflect broader trends we’re tracking across the white‑goods industry:

– Brands expanding into full cooking ecosystems 
– Higher promotional intensity as competition tightens 
– Margin pressure as companies invest in innovation and product diversification 

Elica’s pivot toward integrated cooking appliances positions it well for future growth, but 2025 shows that the transition phase will require resilience—and continued investment.

Elica acquiring stake in range cooker manufacturer

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Elica S.p.A. announced the signing of an agreement to acquire a 28% stake in Steel Srl , an Italian company specializing in the production of range cookers and high-end outdoor solutions, with a progressive acquisition mechanism upon the occurrence of certain conditions.
This transaction strengthens the Elica Group’s presence in the premium cooking segment, accelerating its penetration of high-potential markets such as the United States and Canada. By October 2028, Elica will be able to acquire an additional 57%, bringing its stake to 85%.

Elica increases its stake in Chinese subsidiary to 100%,

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Elica increases its Chinese control to 100%. The household appliance manufacturer has acquired the remaining 0.56% of the share capital of Elica Home Appliances (Zhejiang, Putian) from Fuji Industrial Co., already its partner in the Japanese joint venture Ariafina.The price agreed with Fuji corresponds to the amount originally paid by the counterparty upon its entry in 2012, equal to 1.9 million euros, consistent with the initial agreements and with the path of the joint venture, managed independently by Elica, also through recapitalization operations

Beyond Performance: Elica’s Lhov & NikolaTesla One HP Transform Cooking

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Elica, a global leader in kitchen ventilation and cooking appliances, is transforming the heart of the home with its bold, modern vision. Their latest innovations, Lhov and NikolaTesla One HP, go beyond mere performance, making beauty and creative freedom central to the kitchen experience. Whether your style is sleek and urban or classic and traditional, Elica’s range seamlessly adapts to any aesthetic.
Innovation at Its Core: Lhov and NikolaTesla One HP
Among Elica’s standout offerings is the Lhov, an all-in-one system that masterfully integrates an oven, hob, and extractor. Its minimalist design effortlessly blends into any kitchen, highlighting the clean lines and elegance of your culinary space. The Lhov boasts an oven 30% larger than conventional models, allowing you to cook bigger dishes or utilize two hobs simultaneously for unmatched flexibility.
For cooktops, the NikolaTesla One HP stands as an icon, recognized with the prestigious Compasso d’Oro award. This extractor hob marries clean lines with sophisticated materials to elevate your cooking. It redefines the kitchen by harmonizing aesthetics and powerful performance, turning every meal preparation into an exceptional moment.
Smart Features for Culinary Exploration
Elica’s smart features encourage experimentation and fun in the kitchen while delivering professional results. The Lhov’s AirFry mode provides crispy fries or croquettes with minimal oil. Meanwhile, the NikolaTesla One HP’s Tasty Fry optimizes temperature for faster, healthier, and more delicious frying. Another brilliant feature is the Melting mode, which keeps temperatures below 50°C, allowing you to melt butter or chocolate unattended without the risk of burning.
Elica: A Legacy of Leadership
For over 50 years, Elica has been an Italian pioneer, now a world leader in kitchen extraction systems. With 2,600 employees across sites in Italy, Poland, Mexico, and China, the company continues to combine cutting-edge design, innovation, and performance under the leadership of Francesco Casoli.

Elica net profit falls

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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

Elica limits the drop in turnover thanks to OEM sales

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Elica closes the third quarter with a contraction of ‘only’ 1.1% thanks to the excellent performance of the Engine Division (+9%) which gained market share in Europe. The bet on Cooking is slow to pay off: in the January-September period, despite the award-winning models of the Nikolatesla and Lhov lines, sales fell by 4% (very weak demand in Europe, improvements in the USA).

The balance of the very difficult first nine months of 2024 sees a drop of almost 5% in turnover, down to 342 million euros and margins in line with expectations. The Fabriano group does not give up and finances an intense promotional activity and investments in its own brand lines with careful cost control. The margin on revenues in the first nine months was 7.2% against 10.4% in 2023.

Whirlpool India acquires 10% of Elica’s local subsidiary

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Elica announces, in a note, that it has signed an agreement that provides for “the sale to Whirlpool of India Limited” of 4.78% of the share capital of the Indian subsidiary Elica Pb Whirlpool Kitchen Appliances Private Limited (‘Elica Pb India’) together with the other Indian minority shareholders who are selling a further 4.78% stake. The agreement for the sale, the note states, was reached for approximately 8.2 million euros. “Upon completion of the transaction, Whirlpool of India Limited will hold approximately 96.81% of Elica PB India” while Elica SpA and the group of other Indian minority shareholders will remain shareholders of the Indian company with a stake of approximately 1.59% each. At the same time as the purchase of the stake, Elica Pb India will sign new licensing agreements for the use of the Elica brand in Indian territory.

Elica’s ‘castling’: triple vote to long-term shareholders

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The Shareholders’ Meeting of Elica voted on an amendment to the company bylaws that grants two voting rights per share to shareholders who have held the stock for at least two years from their registration in the Shareholders’ Register and 3 rights to those who have held them for three years.

The aim, the company writes, is to “reward the long-term commitment of its shareholders and   maintain and strengthen the reference shareholder base”, in practice the core shareholders such as the Casoli family .The change in fact makes a hostile ‘raid’ or a takeover bid on the Marche-based company practically impossible.

In this period, the Elica stock is at an all-time low: around 1.7 euros compared to 5.8 in the first days of listing in 2006, and its capitalization is around 100 million euros against a 2023 turnover five times high