Haier Europe has been acknowledged as one of the most reputable companies in Italy, according to the 2024 Italy Reputation Ranking research conducted by The RepTrak Company, a prominent reputation research company.
The RepTrak database in Italy represents the largest and most complete database on the reputation of Italian companies, and measures over 20 industries on a continious basis.
This recognition emphasizes the dedication to being the top choice for smart home solutions and shaping the new era of living for the communities they serve.
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Elica invests in its future
Elica is forging ahead with its strategic investments, despite facing current market challenges. The launch of Elica’s expanded product line, dubbed “Extraordinary Cooking,” has been well-received by the media. Yet, the overall market conditions remain tough, and this is reflected in Elica’s first-quarter sales figures: a turnover of 117 million euros marks an 8.5% decrease from the same period in 2023, albeit a 4% increase from the preceding quarter. Despite a 6.9% uptick in the US market, it does not offset the sales slump across Europe and beyond, in both volume and value.
The Cooking division saw a 6.2% downturn, impacting even the Own brands segment, which had previously shown robust performance. The Motors division fared even worse, with an 18% decline.
Price pressures have significantly eroded profit margins, with adjusted EBITDA plummeting by 40% compared to the first quarter of the previous year. The net income also took a hit, landing at 440 thousand euros, a steep fall from the 3.9 million euros recorded in the first quarter of 2023.
Nevertheless, Elica’s leadership remains undeterred, securing a 70 million euro loan to fuel future growth initiatives.
Whirlpool Corporation named one of Fortune’s Most Innovative Companies for 2024
Whirlpool Corporation has been recognized by Fortune as one of America’s Most Innovative Companies for the second year. America’s Most Innovative Companies honors those transforming industries from the inside out and celebrates companies that have demonstrated success across three areas, product innovation, process innovation, and innovation culture.SlimTech™ insulation technology, the first vacuum insulated structure (VIS) technology in a refrigerator in the North American market, was launched in November and represents one of the biggest innovations in refrigeration in the past 50 years. Other recent product innovations from Whirlpool Corp. include the KitchenAid Grain and Rice Cooker, the Performance Kitchen Lineup from Maytag and flush microwave hood combinations across the brand portfolio.
The company also introduced its plan to bring revolutionary induction downdraft cooktop technology to the North American market and the installation of more onsite renewable energy solutions at its Ohio manufacturing plants.
To develop the list, Fortune partnered with Statista Inc., a leading provider of market and consumer data, to survey internal and external stakeholders who have direct exposure to company processes, products, and culture. Statista also worked with LexisNexis PatentSight and used their platform to analyze the quantity and value of a company’s patents
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