Elica reported €349.5M in revenue for the first nine months of 2025, up 2.3%. Q3 saw a 5.1% boost, driven by new Cooking products in EMEA and Engines growth in Europe.
Margins dipped, with EBITDA at €21.9M and net loss at €3.3M. CEO Giulio Cocci cited strong price pressure but emphasized strategic investments and expanded distribution.
Full-year revenue is expected to reach €455M–€460M. Recent moves include expansion in Germany and the Netherlands, the Steel acquisition, and AriaChef’s award-winning debut in Japan.
Tag Archives: steel
Electrolux Group Boosts Circularity Goals with Expanded Use of Recycled Materials
Electrolux Group is ramping up its circularity efforts. By 2030, 35% of the steel and plastics in its products will come from recycled sources—more than doubling its previous commitment and representing over 40% of material purchases. Announced on March 24, 2025, this new target expands on the 2018 plastics-only goal by including steel, the company’s most-used material.
STEEL presents new outdoor kitchens
STEEL has delivered a new modular concept that allows customers to fully customise their outdoor kitchen and barbecue set-up.
Shown at Eurocucina for the first time, the STEEL outdoor kitchen range is available in four pre-designed configurations with the choice of three with the choice of sink and work units, barbecue tops and accessories including a pizza stone.
STEEL world first
The STEEL Mistral is the first stove in the world, in which an oven, induction hob and cooktop extractor is combined. The brushless high-performance motor, has an extraction capacity of 700m3/per hour spread over four positions with a maximum noise level of only 63dB. As a result, cooking air is extracted very effectively and silently.FLEXzone induction technology can of course be operated by extremely solid solid steel control knobs, which are of course placed at the front of the stove. These are not only easy to operate the induction zones, but also provide more space on the induction hob.
The Mistral is standard equipped with carbon filters, suitable for plasma technology and air extraction directly to the outside.
The multifunctional convection oven has a net capacity of 91 liters and is equipped with the new and patented INNVENT ventilation technology. Two fans rotate in opposite directions, ensuring perfect hot air distribution over the entire surface on all levels.
The oven has a maximum temperature range of 315°C. The full color TFT screen is also electronically adjustable by means of control buttons and displays the core temperature of the dish if desired. The soft-close door hinges ensure a silent door closing.
Steel is an Italian company with a long family heritage. Situated in Carpi near Bologna and founded in 1999, it is owned and run by the Po family, who are the third generation to be involved in the production of range cooking equipment.
The original company was set up by Angelo Po in 1922 and his craftsmanship in stainless steel helped produce the first hand made stoves and later, the production of high quality appliances for restaurants.
Today Steel has come to the forefront of the manufacture of range cookers and hoods for the domestic market. Innovation and functionality are the byword for Steel’s aesthetic designs and professional approach to kitchen products.
As Steel has grown, so has the importance of their own brand names such as Genesi, Ascot and Sintesi and there is also a range of semi-professional barbecues and out-door cooking equipment.
WHITEGOODSNOW 