Fhiaba and V-Zug announce that they have signed a strategic partnership aimed at growing Fhiaba ‘s potential as an emerging manufacturer in the high-end domestic refrigeration segment and to strengthen V-Zug ‘s role as a reference appliance supplier for high-end kitchens level.The partnership, which has seen V-Zug acquire 24.99% of the shares of Fhiaba, will increase the production capacity of the Azzano Decimo-based company, allowing it to meet the growing demand for luxury refrigeration with the Fhiaba and V-ZUG, and with OEM customers.
Massimo Baron Toaldo will remain as president and CEO of Fiaba, and will be joined on the Board of Directors by Alberto Bertoz , chief international officer of V-Zug, and by Federico Zoppas , general manager of Zoppas Industries, as an independent member of the board.Production capacity should double by mid-2023.
Among its new products 2022-23, V-Zug presents the WineCooler V4000 90, characterized by classic design and lifestyle-oriented features. It is a built-in model offering space for up to 38 bottles and ensuring professional cooling and a perfect serving temperature at all times. The minimalist design featuring a dark interior and flexible racks made of sustainable Swiss beech wood takes cooling wine bottles in the kitchen to a whole new level.
The glass door without handles opens with the lightest touch thanks to the TouchOpen design. Not only can the racks be pulled out to select a wine bottle, but they can also be guided into an angled presentation position. This gives the choice of stacking as many bottles as possible or showcasing individual bottles and their labels. The flexible racks mean you can even return open bottles and decanted wines to the cooler to maintain the optimum temperature.
The WineCooler V4000 90 follows the Excellence Line design. With its elegant front in Black or Platinum mirror glass, it can be seamlessly combined with V-ZUG ovens, steamers or a fully automatic built-in coffee machine and harmoniously integrated into any kitchen.
CombiSteamer V6000 45M PowerSteam: the fastest Combi-Steamer
The CombiSteamer V6000 45M PowerSteam is a fully-fledged combi-steamer and a high-end microwave in one. It offers a variety of preparation methods in one device.
Our PowerSteam combi unit is the fastest combi steamer on the market. It can do everything that our proven models can. However, it steams and bakes at record speeds – while preserving food quality, colour, texture and flavor. The integrated inverter microwave can be used alone or in combination with the combi-steamer. A potato will be steamed 30% faster and any type of food will regenerate up to 40% faster. The big difference to baking and heating up in the microwave: the steam prevents the dish from drying out.
Energy efficient and gentle on the food
In contrast to conventional microwaves, which feed in their power in a pulsating manner, the inverter microwave in the PowerSteam constantly delivers the required power. This allows precise, even and vitamin-preserving heating without local overheating. Sensitive foods such as chocolate or butter can be gently melted. Thanks to the inverter technology and the associated better energy distribution, the three operating modes hot air, steam and microwave can be used at the same time without any problems. Thanks to the ingenious design, the microwaves are distributed precisely in the cooking space, where they ensure evenly heated food. Programs PowerSteam Intelligent operating modes with power The various operating modes of the CombiSteamer V6000 45M PowerSteam use the best of every heating technology. The microwave, which switches on automatically with the operating modes, provides the extra power.
PowerSteam combines steam and microwave in one operating mode – this reduces the cooking time by up to 30%. Due to the short cooking time, the food retains its texture and taste – quality, vitamins and color are preserved. Power hot air with steaming
The Power hot air mode with steaming accelerates preparation and ensures evenly heated results. The combination of hot air, microwave and steam makes dishes such as chicken or lasagne crispy on the outside and juicy on the inside. power hot air
Whether it’s cake or oven-roasted vegetables: With Power hot air, dishes turn out up to 30% faster. The combination of hot air and microwave ensures a nice surface and a juicy core. PowerRegenerate
In the PowerRegenerate operating mode, hot air, microwave and steam save up to 40% of the time compared to conventional regeneration. Selected dishes or whole dishes are heated evenly in record time without drying out. thawing
In the defrosting mode, options are available that are ideally tailored to the food in question. General defrosting, meat defrosting and bread defrosting can be selected individually – for even results without heating the food.
V-ZUG new CombiSteamer V6000 45M PowerSteam combines a fully functional combi-steam cooker with a high-end microwave, offering a multitude of different cooking methods in a single appliance. A high performer, it can steam potatoes 30% more quickly and regenerate any type of food up to 40% more quickly. If you would like to learn more, please visit V-ZUG @Wigmore Street London.
This year, designers, design offices and manufacturers from around 60 countries entered their products for the Red Dot Award: Product Design. Following the motto “In search of good design and innovation”, the international members of the Red Dot jury examined each product submitted professionally, individually and comprehensively. The winner in this category was the V-ZUG CombiCookTop V4000. With its built-in extractor, the puristic design and the intuitive operation, the modern hob completely convinced the expert jury.
A seal of quality The award represents one of the most renowned evaluation procedures for good design and innovation and is one of the best-known design competitions worldwide. The Red Dot Jury evaluates all submissions and only awards the Red Dot to products that impress with their good design quality. The decisions about the awards are made by an independent panel of experts, the Red Dot Jury. This year, it is made up of 48 personalities from 23 nations. The products are not in competition with each other, but are checked individually.
The V-ZUG Group continued its growth trajectory in the 2021 financial year. Net sales once again saw a significant jump of 9.5% (CHF 623.7 million; previous year CHF 569.4 million), as did the operating result with +27.5% (CHF 62.7 million; previous year CHF 49.2 million). Thanks to these record sales, the medium-term double-digit EBIT margin target was achieved ahead of schedule in the year under review. This gratifying result was driven above all by continued high demand in the Swiss Market and strong growth in international business. The second half of the year was marred for the V-ZUG Group, as it was for the entire industrial environment, by the challenges posed by the intensifying supply chain situation and the associated increase in purchase prices for materials and logistics services.
The V-ZUG Group is still expecting a positive sales performance in excess of +6% for the 2022 financial year, thanks to full order books in Switzerland and across our International Markets. For the latter, sustained sales growth in excess of 10% per year is expected over the next few years. Major uncertainties persist in relation to the war in Ukraine and to developments in supply chains and purchase prices, whereby the latter is not expected to ease much before the end of 2022. Accordingly, the EBIT margin in the first half of 2022 is expected to be within the realm of that of the second half of 2021. Subject to any relevant and lasting geopolitical upheavals, the Group is aiming for an EBIT margin of 10% for the full 2022 financial year, given the high sales and revenue expectations and effective cost control.
Another significant rise in operating result
V-ZUG Group’s net sales rose compared with the previous year, standing at CHF 623.7 million (previous year CHF 569.4 million), with both the Swiss Market (+5.4%) and strong growth in the International Markets (+40.5%) contributing to this. Internationally, both the own-brand business (+26.5%) and the OEM business (+91.9%) performed exceptionally well. Furthermore, for the first time in its history, V-ZUG delivered more than 500,000 appliances to its customers in a single calendar year.
At CHF 62.7 million, the operating result (EBIT) was 27.5% higher than the previous year’s figure of CHF 49.2 million. With an EBIT margin of 10.0% (previous year 8.6%), the V-ZUG Group reached its medium-term target of a double-digit EBIT margin as announced as part of its stock market listing for the first time. Operational productivity as measured by the EBITDA margin increased to 15.2% (previous year 14.0%). As mentioned in the 2021 Half-Year Report, rising materials prices and supply shortages – particularly of microprocessors – resulted in a significant drop in the EBIT margin from 12.4% in the first half of 2021 to 7.7% in the second half of the year, particularly as sales price increases did not take effect until the fourth quarter of 2021.
In the 2021 financial year, the V-ZUG Group’s cash flow from operating activities totalled CHF 63.5 million (previous year CHF 99.4 million), and free cash flow (after investment activities) totalled CHF 9.0 million (previous year CHF 42.0 million). The difference from the previous year is primarily due to higher stock levels and tax payments alongside continuing high levels of investment.
As at 31 December 2021, the balance sheet of the V-ZUG Group showed a strong equity ratio of 72.9% (previous year 70.9%) and cash and cash equivalents incl. securities of CHF 117.3 million (previous year CHF 107.8 million).
V-ZUG the premium Swiss appliance brand will be opening showroom in Wigmore Street London this Autumn
They are designing the interior space ready for launch and are looking forward to sharing more details soon. The new space will be a harmonious environment for designers and retailers to bring their customers to enjoy the V-ZUG brand experience for themselves and we can’t wait for them to open the doors.