Elica success story

Elica is today the global leader in the sector of kitchen extractor hoods. They have managed to record numbers

Elica has achieved the right mix of financial soundness and Italian design & innovation soul:

✔️ we are expecting to close 2022 with incremental revenues and margin, in spite of inflation, geopolitical tensions and weak demand,

✔️ Elica are back to a sustainable long term dividend distribution plan aimed at preserving strategic investments and external growth,

✔️ looking for new M&A or joint venture opportunities to grow their cooking business,

✔️ Elica are leading the ecological transition in the HVAC industry with their BU Motors EMC FIME (representing 25% of the Group’s turnover, with a 30% growth rate).

Year after year, Elica have been expanding our value proposition and increasing their innovation rate, proving vision and resilience even in uncertain times.

Elica design award

HOB, HOOD AND OVEN IN ONE SINGLE APPLIANCE:
COOKING HAS BEEN RESHAPED

Elica wins ‘Archiproducts Design Awards 2022’ in the “Kitchen” category with LHOV. An award that recognises excellence in the creativity, research and innovation of the new Elica product that integrates hob, hood and a revolutionary extractor oven.

LHOV is Elica’s brand-new product that integrates hob, hood and a revolutionary extractor oven in one.
A single unit that maintains and enhances the smooth lines of your kitchen, equipped with an extraction system that eliminates vapours and odours; not only from the hob but from the oven as well.

ELICA CELEBRATES THE TWENTIETH ANNIVERSARY OF ITS JOINT VENTURE IN JAPAN


Elica and Fuji Industrial commemorate 20 years of collaboration
with an event at the Italian Culture Institute in Tokyo.
One of the longest running relationships between Italy and Japan,
that goes beyond business.

has contributed to revolutionize the classic style of the , 24 November 2022 – Elica, world leading company in the production of
kitchen ventilation systems, celebrates the twentieth anniversary of Ariafina. The
brand born in Japan as a result of the joint venture with Fuji Industrial, Japanese leader
in the production of kitchen hoods.
To mark the celebration, an event promoted by the Ermanno Casoli Foundation in
collaboration with the two companies will be held today at the Italian Culture Institute
in Tokyo, where “Iride”, a work of art by the Italian artist Gianluca Malgeri, made in
honor of this anniversary, will be presented. Once again it will demonstrate the
importance of art and culture that has led Elica to bring forth successful paths, even
beyond national borders.
The venue chosen to celebrate this important anniversary was not accidental: The
Italian Culture Institute in Tokyo is an institution committed to spread our country’s
history and culture, as well as to promote Italian creativity in Japan. The building where
the Institute is based, designed by Gae Aulenti, is one of the most significant symbols
of the strong relationship between the two nations. Moreover, the Ariafina joint
venture, combining the beauty of Italian design with the flawless functionality of
Japanese industrial tradition, is an excellent example of how two seemingly distant
worlds are able to communicate, also thanks to the universal language of art.

This collaboration dates back to the beginning of the 2000’s, a period in which Elica,
undergoing a moment of significant expansion, decided to broaden its horizons by
looking towards Japan: a highly industrialized country, where the cooperation with a
local partner was necessary to work there. Hence the decision of the joint-venture
with Fuji Industrial, indisputable leader in the Japanese kitchen hood sector with a
market share of over 50 percent Ariafina Co Ltd was established from the partnership between the two companies, with
the aim of operating in the high-end market segment: a top-level market niche that
did not exist in the Japanese hood sector at the time.
Over the years, Ariafina has contributed to revolutionize the classic style of the
Japanese kitchen, which had always been small and barely visible in the house. Thus,
establishing itself today as a well-known brand able to combine the quality of Italian
design with the avant-garde of Japanese technology.

Elica, the financial results

Elica grows thanks to Nikolatesla and engines
The success of the new hob and motors compensates for the weakness of OEM demand and allows us to forecast a positive year end in terms of turnover and margins.

The success of the new hob and motors compensates for the weakness of OEM demand and allows us to forecast a positive year end in terms of turnover and margins.
Web editing by Web Editor 30 October 2022

Elica grows thanks to Nikolatesla and engines
Giulio Cocci_ Chief Executive Officer of Elica SpA
Elica spa grows despite the “significant slowdown in demand”. In the first 9 months of 2022, revenues increased by 3% to 419 million euros and the EBIT margin increased by 2.8% to 25.6 million (6% of turnover) obtained despite increases of 50 million in costs. The net result is therefore close to 16 million: this is 32% more than in the corresponding period of 2021.
The engines fly and the NikolaTesla range grows
Sales of own brands are growing (+ 6%) and the motors segment is flying (+ 22% to 95 million) driven, in particular by the heating segment and by the consolidation of EMC and CPS, now merged into EMC Fime srl, acquired on 2 July 2021, which contributed € 19 million in the first nine months of 2022.

In the cooking segment, the decline in OEM demand was offset by the growth of NikolaTesla cooker hobs which today represent around 16% of the Cooking turnover and recorded a CAGR of + 40% compared to the first nine months of 2020.

Elica results

Elica’s first-half 2022 results are something to be proud of. Despite the challenging situation and the market uncertainties,

Elica posted outstanding 1H results with revenue at EUR 290.2 million, up 7.7% on 1H 2021. This growth was driven by sales of own brands and Motors Division, led by an even stronger Q2, setting new revenue and margin records.

Elica to purchase Air Force

Elica SpA, leader of the Group that produces cooker hoods and extractor hobs, has entered into an agreement which provides for the purchase from Urbano Urbani, minority shareholder of the subsidiary Air Force SpA, of 40% of the latter’s share capital. This operation will allow Elica to take over Air Force SpA to 100% Air Force is a company of the Group that manufactures high quality cooker hoods and hobs, characterized by a high level of customization and uniqueness. The offer is aimed at a specific market niche and is able to satisfy the customer’s needs for product customization, moving away from the mass market.

Air Force SpA was established in 1997, its mission has always been the continuous innovation of extractor hoods and induction hobs. All through study and innovation, accompanied by the desire to launch a style, to propose a Made in Italy even more focused and advanced on the selection processes, where high quality is expressed with functionality and reliability, design and innovation.

Experience, design, flexibility and innovation made in Fabriano are the characteristics that fit perfectly into the development and growth of the Elica Group.

In numbers, the Air Force achieved a turnover of approximately 31.0 million euros in 2021 and an Ebitda of approximately 1.6 million euros with a cash balance of 5.4 million euros.

New sustainability goal achieved by Elica

Elica, Italian producer of kitchen hoods and electric motors for household appliances and heating boilers, is taking yet another step towards renewable energy and more sustainable production. After announcing last January the attainment of a suitability certification for hydrogen operation of motors manufactured in its subsidiary company EMC FIME, Elica has been continuing in its path towards environmental impact reduction, thanks to a new electrical energy supply agreement stipulated with Iberdrola, one of the world leaders in renewable energy.

For 2022 this choice will allow the company to reduce its own emissions by over 4,000 tons in Italy, which equals to 20% of the total emissions of the Group. Elica Group generates a turnover of over 500 million euros, with a production platform spread out over seven sites including, Italy, Poland, Mexico and China, employing over 3,200 employees. In Italy, where most of its high-end products are manufactured, the company uses about 50.4% of the energy consumed by the whole Group.

Elica – the CEO Giulio Cocci said – is by nature a sustainable company: we have always followed a strategy that adopts ESG principles, which, over the years, has brought us to identify areas in need of improvement and put real actions into place, geared towards reducing our environmental impact. The agreement with Iberdrola comes into play in this specific scenario: we have already started the process in our Italian production sites, therefore we will significantly reduce emissions in our country.

Elica, again awards for Ikona Maxxi Pure

Iconic, technologically advanced and essential for indoor air: Ikona Maxxi Pure , the first Elica hood that integrates an air purifier equipped with the Combo pure filter, a special combination of HEPA and carbon filters that captures particles up to 1 micron, is wins new international awards .

In fact, the product wins in first place the IF Design Award , the most important international design award that is annually conferred by the IF International Forum Design in the Kitchen Products category . Thanks to its recognizable pyramid-shaped lines and through pluses of high innovation and efficiency contained in the product, Ikona Maxxi Pure is positioned as platinum at the A’Design Award in the A ‘Home Appliances Design Award category .

Elica also obtained first place at the German Innovation Award in the Excellence in Business to Consumer category , reserved for those who propose solutions that are distinguished mainly by “user centricity” and the added value of the product. Its design, in fact, for a faster action, allows the activation of the “Boost” mode. By doing so, Ikona Maxxi Pure, in just 20 minutes, completely regenerates the air of a living space of 30m², equal to the size of a medium-large kitchen combined with the living area.

The Elica hood had already obtained, last February, two other prestigious awards: the Good Design Award 2021 , in the Kitchen and Appliances category, and the Kitchen Innovation Award 2022 , in the Large Electrical Appliances category, for the criteria of functionality, ease of use. use, innovation, product benefits and design , representing a solution that perfectly meets the needs of contemporary living, where functionality and design combine to ensure comfort and well-being: it effectively eliminates odors, fumes and vapors produced by cooking while completely regenerating the air in the living area, neutralizing harmful agents and polluting particles.

Elica sustainability

After announcing last January the attainment of a suitability certification for hydrogen operation of motors manufactured in its subsidiary company EMC FIME, Elica has been continuing in its path towards environmental impact reduction, thanks to a new electrical energy supply agreement stipulated with Iberdrola, one of the world leaders in renewable energy: in 2022, Elica will be able to reduce its own emissions by over 4,000 tons in Italy, which equals to 20% of the total emissions of the Group. “Elica – said Giulio Cocci, CEO of Elica – is by nature a sustainable company: we have always followed a strategy that adopts ESG principles, which, over the years, has brought us to identify areas in need of improvement and put real actions into place, geared towards reducing our environmental impact. The agreement with Iberdrola comes into play in this specific scenario: we have already started the process in our Italian production sites, therefore we will significantly reduce emissions in our country. As a world leader in our sector, we feel the responsibility of reducing our environmental impact and we are determined to adopt this approach at all business levels and in every area of the world where we are operating. Sustainability is not just a ‘must’ that we intend to pursue with our utmost commitment and pragmatism: we are striving to make it a driver for growth”. Elica has recently established a “Sustainability Committee”, made up of an in-company team, representing all the main business areas, with the aim of identifying the impact areas and sustainable development targets for the upcoming years. In another tangible step towards environmental impact reduction and energy efficiency creation, Elica’s development plans also include investments in new photovoltaic systems, which have already been implemented in its Italian production sites