Why invest in Elica
As a leader in extraction and ventilation, Elica is transforming into an integrated Cooking Company focused on enhancing domestic life
Elica is the global leader in kitchen range hoods and integrated extraction hobs, renowned for excellence in design, innovation, and quality. With over 50 years of history and a direct presence in key global markets – EMEA, North America, and APAC – Elica is also one of the world’s leading producers of electric motors for household appliances and ventilation systems. Today, the company is completing its transformation into an integrated Cooking Company, offering comprehensive, coordinated solutions for the kitchen environment. This strategic evolution strengthens its competitive position, expanding its offering and added value for customers and partners. Investing in Elica means believing in a long-term vision built on industrial leadership, innovation capability, and a strong commitment to sustainability.
FY 2024 Highlights
Values in Euro millions at December 31st, 2024
452.1
Revenues
8.1
Adjusted EBIT (Margin 1,8%)
7.9
Group Net Profit
-46.8
Net Financial Position (ex. IFRS 16)
452.1
Revenues
8.1
Adjusted EBIT (Margin 1,8%)
7.9
Group Net Profit
-46.8
Net Financial Position (ex. IFRS 16)
Strengths and Strategic Pillars
Elica Group can count on important elements of differentiation and this makes it one of the main reference players in Europe
Innovation and R&D – Investing in the Future of Cooking and Ventilation
Cooking Business Unit
Investment Plan for the Cooking Company Transformation
Global Presence and Market Leadership
Motors Division
Financial Sustainability & Investment Strategy
Human Capital and Management Team
Sustainability
At Elica, innovation is a strategic pillar that permeates every aspect of the company
Investment in Research & Development (R&D) is essential to anticipate market trends, improve energy efficiency, and strengthen leadership in the Cooking and Motors sectors.
Elica has R&D centers in Italy, Poland, and Mexico, ensuring regional customization, cost optimization, and fast time-to-market. R&D activities focus on:
- Cooking: development of induction technologies, integrated extraction systems (LHOV), connected appliances, and intelligent cooking platforms.
- Motors (EMC FIME): design of BLDC and EC motors, low-consumption ventilation systems, and hydrogen-compatible motors for HVAC, heating, and medical devices.
- Energy Efficiency and Electrification
- Development of high-efficiency components aligned with European and international energy regulations.
- Commitment to electrifying domestic and industrial systems.
- User-Centered Design and Smart Technologies
- Appliances integrating aesthetics, functionality, and digital interfaces.
- Connected solutions for IoT integration, voice control, and energy consumption optimization.
- Sustainable Materials and Green Innovation
- Use of recyclable materials and lightweight components.
- Low-impact packaging and sustainable design throughout the product life cycle.
- New Applications and Customization
- Co-developments with OEM customers for new market needs (e.g., heat pumps, air purification, medical).
- Expansion into professional and industrial channels with customized solutions.
- LHOV: integrated system of hood, oven, and ventilation with compact design and intuitive interface.
- BLDC Motors: compact, silent, and efficient solutions for domestic and professional applications.
- H2-ready Motors: for pure or hybrid hydrogen heating systems.
- Induction modules with extraction: co-developed with global retailers and OEM clients.
- Reduction in time-to-market with high-margin, differentiated products.
- Strengthened OEM partnerships through co-design and co-engineering.
- Long-term sustainability thanks to green technological leadership-
- Creation of intellectual property as a barrier to entry in premium segments.
The Cooking segment is at the heart of Elica’s innovation, offering solutions that combine design, performance, and sustainability to enhance the kitchen experience
Strategic Pillars:
- Transformation into a Cooking Company and Product Range Expansion
Elica has undergone a strategic transformation from a traditional hood manufacturer into a fully integrated “Cooking Company,” offering a complete range of kitchen solutions. The portfolio now includes ovens, induction hobs, LHOV integrated systems (L’hood + Oven + Ventilation), and, in some markets, dishwashers. This evolution aims to consolidate Elica’s leadership in the premium cooking segment. - Direct Market Presence and Distribution Expansion
Elica has significantly expanded its direct presence in North America and Canada, establishing local entities (SEA, AG International). In Europe, acquisitions like Elica Nederland and the opening of showrooms (e.g., in Germany) have strengthened its position. The Arietta brand was launched in the North American DIY segment to target high-volume channels directly. - Continuous Innovation and R&D Investments
Innovation is a strategic asset for Elica. The company develops high-tech solutions in-house, including induction hobs, integrated aspiration, and power electronics systems. Co-development with global players (IKEA, LG, BSH) enables rapid go-to-market and tailored products. R&D is fully integrated with manufacturing (e.g., Mexico plant), ensuring scalability and efficiency. - OEM vs. Own Brand: A Balanced Strategy
OEM continues to generate significant volume through partnerships with global players, while Elica heavily invests in its own brand through rebranding, digital platforms (e.g., Salesforce CRM), and focused marketing. LHOV is the emblem of Elica’s new identity: the perfect synthesis of aesthetics, innovation, and functionality. - Trade Marketing and Partner Loyalty
Trade-focused initiatives support the transformation: participation in major trade fairs (e.g., Eurocucina, Salone del Mobile), free in-store displays, technical/commercial training, and loyalty programs for Kitchen Studios. A strong network of showrooms and selective distribution in key markets reinforces brand proximity.
Elica’s strategic transformation into an integrated Cooking Company is supported by a robust investment plan for the period 2024 to 2026, focused on five key areas:
1. Product Development & Innovation (R&D + Capex)
- New product development: expanding with ovens, induction hobs, dishwashers, LHOV systems.
- Internal R&D and co-development with key partners (IKEA, LG, BSH).
- Strategic manufacturing hubs, including localization for the North American market.
- Focus on power electronics and smart control systems.
- Global rebranding and visual identity overhaul.
- Media campaigns and sponsorships (e.g., Ducati, Milan Design Week).
- Over €5.5M/year invested (2024–2026) across digital, CRM, events, and trade activation.
- New local subsidiaries (SEA, AG International, NEA).
- Acquisition of distributors and creation of own channels (e.g., Turboair e-commerce NL).
- 130+ LHOV displays activated in 2024; more showroom expansion planned.
- Loyalty programs for specialist dealers (training, displays, exclusive conditions).
- Selective distribution through “Exclusiva” line.
- Market focus: France, Germany, Italy, UK, Spain.
Proximity and market presence have enabled us to become leaders with our brands
North America
Goal: Direct commercial and distribution control in a key market to reduce OEM dependency and increase margin.
Structure
Goal: Strengthen Elica’s legacy presence, improve efficiency and customer proximity, and differentiate channels.
Key Actions
Goal: Direct commercial and distribution control in a key market to reduce OEM dependency and increase margin.
Structure
- SEA (South East America) operational since Aug 2023 (8 U.S. states).
- AG International (Canada) active since Q4 2023.
- NEA (North East America) rollout in 2024–2025.
- Brand management: Tulip Cooking, ILVE.
- Product lines tailored to North America (e.g., induction).
- Omnichannel distribution: DIY (Arietta), premium retail (Yale, Don’s, Ferguson).
- Full accountability: sales teams manage cash, working capital, and EBIT.
Goal: Strengthen Elica’s legacy presence, improve efficiency and customer proximity, and differentiate channels.
Key Actions
- Elica Nederland acquisition (distribution + showroom).
- Germany: Lohne showroom and new trade lines.
- Demand-driven organization: Spain (planning), Italy/Belgium/France (customer focus).
- Local trade marketing: free displays, training, roadshows.
- Convert hoods to aspiration hobs.
- Serve Kitchen Studios with exclusive lines and support.
- Expand into new markets (e.g., Russia with China-sourced ranges).
Responsible for the design, manufacture and marketing of electric motors for the heating, ventilation and household appliances market through its subsidiary EMC FIME
Motors Segment – Strategic Pillars
1. Product Range Expansion and New Applications
The Motors business (EMC FIME) is built on expanding the range of high-efficiency EC motors for axial, radial, and centrifugal applications, covering up to 1500W. These motors are designed to meet the growing demand for low-consumption, high-performance products aligned with global energy transition trends.
2. Diversification into Emerging Sectors
Elica has identified and is developing new opportunities in heat pumps, domestic ventilation, hydrogen systems, hydraulic valves, and motors for medical devices. The goal is to leverage existing technical and industrial capabilities to enter high-growth sectors, including through targeted acquisitions.
3. OEM Growth and Customer Base Expansion
OEM remains a strategic focus, with co-development projects driving growth. The aim is to expand the customer base in Europe and North America through customization, reliability, and close collaboration. New geographies and applications are central to the 2024–2026 roadmap.
4. Innovation and Sustainability
The Motors division is strongly investing in R&D, particularly in BLDC motors, energy-efficiency technologies, and hydrogen-compatible solutions. These innovations position Elica as a technological partner for sustainable energy transition projects.
The Motors business (EMC FIME) is built on expanding the range of high-efficiency EC motors for axial, radial, and centrifugal applications, covering up to 1500W. These motors are designed to meet the growing demand for low-consumption, high-performance products aligned with global energy transition trends.
2. Diversification into Emerging Sectors
Elica has identified and is developing new opportunities in heat pumps, domestic ventilation, hydrogen systems, hydraulic valves, and motors for medical devices. The goal is to leverage existing technical and industrial capabilities to enter high-growth sectors, including through targeted acquisitions.
3. OEM Growth and Customer Base Expansion
OEM remains a strategic focus, with co-development projects driving growth. The aim is to expand the customer base in Europe and North America through customization, reliability, and close collaboration. New geographies and applications are central to the 2024–2026 roadmap.
4. Innovation and Sustainability
The Motors division is strongly investing in R&D, particularly in BLDC motors, energy-efficiency technologies, and hydrogen-compatible solutions. These innovations position Elica as a technological partner for sustainable energy transition projects.
Elica confirms its financial soundness through a fully self-financed investment plan, aligned with a strategy of sustainable and long-term growth
1. Capex Plan and Financial Leverage
Elica supports its transformation with a disciplined and sustainable financial plan. The goal is to maintain solid financial fundamentals and preserve self-funding capacity, keeping leverage below 0.5x.
2. Working Capital Optimization
Structural measures to improve cash generation include:
The industrial plan targets over €500 million in revenue by 2028, even in a flat market. With an EBIT margin >6%, Elica aims to reinvest in growth, innovation, and branding. Selective M&A remains a key strategic lever for accessing technologies, channels, and adjacent markets.
Elica supports its transformation with a disciplined and sustainable financial plan. The goal is to maintain solid financial fundamentals and preserve self-funding capacity, keeping leverage below 0.5x.
2. Working Capital Optimization
Structural measures to improve cash generation include:
- Advanced cash management techniques
- Inventory and payment term optimization
The industrial plan targets over €500 million in revenue by 2028, even in a flat market. With an EBIT margin >6%, Elica aims to reinvest in growth, innovation, and branding. Selective M&A remains a key strategic lever for accessing technologies, channels, and adjacent markets.
Elica’s human capital, led by an experienced and visionary management team, is the driving force behind the company’s growth and innovation
1. People at the Core of Transformation
Human capital is a strategic asset at Elica. The transformation into a Cooking Company and the evolution of the Motors business are driven by a culture of innovation, accountability, and performance. Teams are engaged in continuous development through structured technical, commercial, and leadership training programs, with strong emphasis on employee engagement.
2. Agile, Empowered Organization
Elica operates with a lean, results-oriented organizational model. A strong presence across key regions (EMEA, North America, APAC) ensures local responsiveness. The “Boots on the Ground” model brings sales and technical functions closer to customers, while industrial operations are coordinated across specialized hubs in Italy, Poland, and Mexico.
3. Leadership and Governance
Elica’s management team consists of experienced professionals with international backgrounds in consumer goods, design, manufacturing, and technology. The governance model emphasizes transparency, shared responsibility, and alignment between strategic vision and operational execution. Leadership continuity has ensured resilience through post-pandemic disruptions.
Human capital is a strategic asset at Elica. The transformation into a Cooking Company and the evolution of the Motors business are driven by a culture of innovation, accountability, and performance. Teams are engaged in continuous development through structured technical, commercial, and leadership training programs, with strong emphasis on employee engagement.
2. Agile, Empowered Organization
Elica operates with a lean, results-oriented organizational model. A strong presence across key regions (EMEA, North America, APAC) ensures local responsiveness. The “Boots on the Ground” model brings sales and technical functions closer to customers, while industrial operations are coordinated across specialized hubs in Italy, Poland, and Mexico.
3. Leadership and Governance
Elica’s management team consists of experienced professionals with international backgrounds in consumer goods, design, manufacturing, and technology. The governance model emphasizes transparency, shared responsibility, and alignment between strategic vision and operational execution. Leadership continuity has ensured resilience through post-pandemic disruptions.
The ESG approach is a cross-cutting pillar of Elica’s industrial strategy, aimed at creating sustainable value for all stakeholders beyond mere regulatory compliance
Environment – Ecological Transition & Responsible Innovation
Social – People, Community & Corporate Culture
Governance – Transparency, Integrity & ESG Integration
- Energy-Efficient Products
- Cooking: induction hobs and LHOV integrated systems for reduced kitchen energy use.
- Motors: EC and BLDC motors for HVAC, heat pumps, and ventilation—high performance with lower energy draw.
- Green Technology Development
- Hydrogen (H2-ready) projects and CO₂ emission reduction.
- Gas-hydrogen blend motor designs to anticipate new regulatory standards.
- Industrial Efficiency & Footprint Optimization
- Three main production hubs: Italy, Poland, Mexico.
- Reduced waste, energy efficiency upgrades, low-emission logistics.
- Active projects to reduce Scope 1 & 2 emissions, with a climate neutrality roadmap.
- Sustainable Materials & Packaging
- Increased use of recycled/recyclable materials.
- Circular packaging and reduced environmental footprint.
Social – People, Community & Corporate Culture
- Talent Development & Skills Building
- Technical and leadership training programs.
- In-house Academy promoting product, sustainability, and leadership culture.
- Active corporate welfare initiatives (family support, healthcare, work-life balance).
- Diversity, Inclusion & Equal Opportunities
- Focus on gender equality and multicultural teams.
- Zero tolerance policies on discrimination.
- Global workforce with female and international leadership representation.
- Health & Safety
- ISO 45001 certified safety systems.
- Ongoing investment in prevention culture, equipment, and training.
- KPI tracking included in ESG reports.
- Community Engagement
- Collaborations with schools, vocational institutes, and universities.
- Support for local nonprofits and regional development.
- Employee volunteering and civic initiatives.
Governance – Transparency, Integrity & ESG Integration
- Integrated ESG Governance
- ESG monitored at Board level.
- ESG goals embedded in 2024–2026 strategic plans.
- Voluntary ESG reporting aligned with GRI, SASB standards.
- Code of Ethics & Internal Control
- Corporate Code of Ethics applied to all employees and partners.
- Active whistleblowing system and ethical audits.
- Responsible Procurement
- ESG-based supplier evaluations covering labor, environment, and transparency.
- Traceable and sustainable supply chain development.
- Risk & Compliance Management
- ESG and reputational risk included in enterprise risk assessments.
- Anti-corruption training and policy adoption throughout the group.
At Elica, innovation is a strategic pillar that permeates every aspect of the company
Investment in Research & Development (R&D) is essential to anticipate market trends, improve energy efficiency, and strengthen leadership in the Cooking and Motors sectors.
Elica has R&D centers in Italy, Poland, and Mexico, ensuring regional customization, cost optimization, and fast time-to-market. R&D activities focus on:
- Cooking: development of induction technologies, integrated extraction systems (LHOV), connected appliances, and intelligent cooking platforms.
- Motors (EMC FIME): design of BLDC and EC motors, low-consumption ventilation systems, and hydrogen-compatible motors for HVAC, heating, and medical devices.
- Energy Efficiency and Electrification
- Development of high-efficiency components aligned with European and international energy regulations.
- Commitment to electrifying domestic and industrial systems.
- User-Centered Design and Smart Technologies
- Appliances integrating aesthetics, functionality, and digital interfaces.
- Connected solutions for IoT integration, voice control, and energy consumption optimization.
- Sustainable Materials and Green Innovation
- Use of recyclable materials and lightweight components.
- Low-impact packaging and sustainable design throughout the product life cycle.
- New Applications and Customization
- Co-developments with OEM customers for new market needs (e.g., heat pumps, air purification, medical).
- Expansion into professional and industrial channels with customized solutions.
- LHOV: integrated system of hood, oven, and ventilation with compact design and intuitive interface.
- BLDC Motors: compact, silent, and efficient solutions for domestic and professional applications.
- H2-ready Motors: for pure or hybrid hydrogen heating systems.
- Induction modules with extraction: co-developed with global retailers and OEM clients.
- Reduction in time-to-market with high-margin, differentiated products.
- Strengthened OEM partnerships through co-design and co-engineering.
- Long-term sustainability thanks to green technological leadership-
- Creation of intellectual property as a barrier to entry in premium segments.
The Cooking segment is at the heart of Elica’s innovation, offering solutions that combine design, performance, and sustainability to enhance the kitchen experience
Strategic Pillars:
- Transformation into a Cooking Company and Product Range Expansion
Elica has undergone a strategic transformation from a traditional hood manufacturer into a fully integrated “Cooking Company,” offering a complete range of kitchen solutions. The portfolio now includes ovens, induction hobs, LHOV integrated systems (L’hood + Oven + Ventilation), and, in some markets, dishwashers. This evolution aims to consolidate Elica’s leadership in the premium cooking segment. - Direct Market Presence and Distribution Expansion
Elica has significantly expanded its direct presence in North America and Canada, establishing local entities (SEA, AG International). In Europe, acquisitions like Elica Nederland and the opening of showrooms (e.g., in Germany) have strengthened its position. The Arietta brand was launched in the North American DIY segment to target high-volume channels directly. - Continuous Innovation and R&D Investments
Innovation is a strategic asset for Elica. The company develops high-tech solutions in-house, including induction hobs, integrated aspiration, and power electronics systems. Co-development with global players (IKEA, LG, BSH) enables rapid go-to-market and tailored products. R&D is fully integrated with manufacturing (e.g., Mexico plant), ensuring scalability and efficiency. - OEM vs. Own Brand: A Balanced Strategy
OEM continues to generate significant volume through partnerships with global players, while Elica heavily invests in its own brand through rebranding, digital platforms (e.g., Salesforce CRM), and focused marketing. LHOV is the emblem of Elica’s new identity: the perfect synthesis of aesthetics, innovation, and functionality. - Trade Marketing and Partner Loyalty
Trade-focused initiatives support the transformation: participation in major trade fairs (e.g., Eurocucina, Salone del Mobile), free in-store displays, technical/commercial training, and loyalty programs for Kitchen Studios. A strong network of showrooms and selective distribution in key markets reinforces brand proximity.
Elica’s strategic transformation into an integrated Cooking Company is supported by a robust investment plan for the period 2024 to 2026, focused on five key areas:
1. Product Development & Innovation (R&D + Capex)
- New product development: expanding with ovens, induction hobs, dishwashers, LHOV systems.
- Internal R&D and co-development with key partners (IKEA, LG, BSH).
- Strategic manufacturing hubs, including localization for the North American market.
- Focus on power electronics and smart control systems.
- Global rebranding and visual identity overhaul.
- Media campaigns and sponsorships (e.g., Ducati, Milan Design Week).
- Over €5.5M/year invested (2024–2026) across digital, CRM, events, and trade activation.
- New local subsidiaries (SEA, AG International, NEA).
- Acquisition of distributors and creation of own channels (e.g., Turboair e-commerce NL).
- 130+ LHOV displays activated in 2024; more showroom expansion planned.
- Loyalty programs for specialist dealers (training, displays, exclusive conditions).
- Selective distribution through “Exclusiva” line.
- Market focus: France, Germany, Italy, UK, Spain.
Proximity and market presence have enabled us to become leaders with our brands
North America
Goal: Direct commercial and distribution control in a key market to reduce OEM dependency and increase margin.
Structure
Goal: Strengthen Elica’s legacy presence, improve efficiency and customer proximity, and differentiate channels.
Key Actions
Goal: Direct commercial and distribution control in a key market to reduce OEM dependency and increase margin.
Structure
- SEA (South East America) operational since Aug 2023 (8 U.S. states).
- AG International (Canada) active since Q4 2023.
- NEA (North East America) rollout in 2024–2025.
- Brand management: Tulip Cooking, ILVE.
- Product lines tailored to North America (e.g., induction).
- Omnichannel distribution: DIY (Arietta), premium retail (Yale, Don’s, Ferguson).
- Full accountability: sales teams manage cash, working capital, and EBIT.
Goal: Strengthen Elica’s legacy presence, improve efficiency and customer proximity, and differentiate channels.
Key Actions
- Elica Nederland acquisition (distribution + showroom).
- Germany: Lohne showroom and new trade lines.
- Demand-driven organization: Spain (planning), Italy/Belgium/France (customer focus).
- Local trade marketing: free displays, training, roadshows.
- Convert hoods to aspiration hobs.
- Serve Kitchen Studios with exclusive lines and support.
- Expand into new markets (e.g., Russia with China-sourced ranges).
Responsible for the design, manufacture and marketing of electric motors for the heating, ventilation and household appliances market through its subsidiary EMC FIME
Motors Segment – Strategic Pillars
1. Product Range Expansion and New Applications
The Motors business (EMC FIME) is built on expanding the range of high-efficiency EC motors for axial, radial, and centrifugal applications, covering up to 1500W. These motors are designed to meet the growing demand for low-consumption, high-performance products aligned with global energy transition trends.
2. Diversification into Emerging Sectors
Elica has identified and is developing new opportunities in heat pumps, domestic ventilation, hydrogen systems, hydraulic valves, and motors for medical devices. The goal is to leverage existing technical and industrial capabilities to enter high-growth sectors, including through targeted acquisitions.
3. OEM Growth and Customer Base Expansion
OEM remains a strategic focus, with co-development projects driving growth. The aim is to expand the customer base in Europe and North America through customization, reliability, and close collaboration. New geographies and applications are central to the 2024–2026 roadmap.
4. Innovation and Sustainability
The Motors division is strongly investing in R&D, particularly in BLDC motors, energy-efficiency technologies, and hydrogen-compatible solutions. These innovations position Elica as a technological partner for sustainable energy transition projects.
The Motors business (EMC FIME) is built on expanding the range of high-efficiency EC motors for axial, radial, and centrifugal applications, covering up to 1500W. These motors are designed to meet the growing demand for low-consumption, high-performance products aligned with global energy transition trends.
2. Diversification into Emerging Sectors
Elica has identified and is developing new opportunities in heat pumps, domestic ventilation, hydrogen systems, hydraulic valves, and motors for medical devices. The goal is to leverage existing technical and industrial capabilities to enter high-growth sectors, including through targeted acquisitions.
3. OEM Growth and Customer Base Expansion
OEM remains a strategic focus, with co-development projects driving growth. The aim is to expand the customer base in Europe and North America through customization, reliability, and close collaboration. New geographies and applications are central to the 2024–2026 roadmap.
4. Innovation and Sustainability
The Motors division is strongly investing in R&D, particularly in BLDC motors, energy-efficiency technologies, and hydrogen-compatible solutions. These innovations position Elica as a technological partner for sustainable energy transition projects.
Elica confirms its financial soundness through a fully self-financed investment plan, aligned with a strategy of sustainable and long-term growth
1. Capex Plan and Financial Leverage
Elica supports its transformation with a disciplined and sustainable financial plan. The goal is to maintain solid financial fundamentals and preserve self-funding capacity, keeping leverage below 0.5x.
2. Working Capital Optimization
Structural measures to improve cash generation include:
The industrial plan targets over €500 million in revenue by 2028, even in a flat market. With an EBIT margin >6%, Elica aims to reinvest in growth, innovation, and branding. Selective M&A remains a key strategic lever for accessing technologies, channels, and adjacent markets.
Elica supports its transformation with a disciplined and sustainable financial plan. The goal is to maintain solid financial fundamentals and preserve self-funding capacity, keeping leverage below 0.5x.
2. Working Capital Optimization
Structural measures to improve cash generation include:
- Advanced cash management techniques
- Inventory and payment term optimization
The industrial plan targets over €500 million in revenue by 2028, even in a flat market. With an EBIT margin >6%, Elica aims to reinvest in growth, innovation, and branding. Selective M&A remains a key strategic lever for accessing technologies, channels, and adjacent markets.
Elica’s human capital, led by an experienced and visionary management team, is the driving force behind the company’s growth and innovation
1. People at the Core of Transformation
Human capital is a strategic asset at Elica. The transformation into a Cooking Company and the evolution of the Motors business are driven by a culture of innovation, accountability, and performance. Teams are engaged in continuous development through structured technical, commercial, and leadership training programs, with strong emphasis on employee engagement.
2. Agile, Empowered Organization
Elica operates with a lean, results-oriented organizational model. A strong presence across key regions (EMEA, North America, APAC) ensures local responsiveness. The “Boots on the Ground” model brings sales and technical functions closer to customers, while industrial operations are coordinated across specialized hubs in Italy, Poland, and Mexico.
3. Leadership and Governance
Elica’s management team consists of experienced professionals with international backgrounds in consumer goods, design, manufacturing, and technology. The governance model emphasizes transparency, shared responsibility, and alignment between strategic vision and operational execution. Leadership continuity has ensured resilience through post-pandemic disruptions.
Human capital is a strategic asset at Elica. The transformation into a Cooking Company and the evolution of the Motors business are driven by a culture of innovation, accountability, and performance. Teams are engaged in continuous development through structured technical, commercial, and leadership training programs, with strong emphasis on employee engagement.
2. Agile, Empowered Organization
Elica operates with a lean, results-oriented organizational model. A strong presence across key regions (EMEA, North America, APAC) ensures local responsiveness. The “Boots on the Ground” model brings sales and technical functions closer to customers, while industrial operations are coordinated across specialized hubs in Italy, Poland, and Mexico.
3. Leadership and Governance
Elica’s management team consists of experienced professionals with international backgrounds in consumer goods, design, manufacturing, and technology. The governance model emphasizes transparency, shared responsibility, and alignment between strategic vision and operational execution. Leadership continuity has ensured resilience through post-pandemic disruptions.
The ESG approach is a cross-cutting pillar of Elica’s industrial strategy, aimed at creating sustainable value for all stakeholders beyond mere regulatory compliance
Environment – Ecological Transition & Responsible Innovation
Social – People, Community & Corporate Culture
Governance – Transparency, Integrity & ESG Integration
- Energy-Efficient Products
- Cooking: induction hobs and LHOV integrated systems for reduced kitchen energy use.
- Motors: EC and BLDC motors for HVAC, heat pumps, and ventilation—high performance with lower energy draw.
- Green Technology Development
- Hydrogen (H2-ready) projects and CO₂ emission reduction.
- Gas-hydrogen blend motor designs to anticipate new regulatory standards.
- Industrial Efficiency & Footprint Optimization
- Three main production hubs: Italy, Poland, Mexico.
- Reduced waste, energy efficiency upgrades, low-emission logistics.
- Active projects to reduce Scope 1 & 2 emissions, with a climate neutrality roadmap.
- Sustainable Materials & Packaging
- Increased use of recycled/recyclable materials.
- Circular packaging and reduced environmental footprint.
Social – People, Community & Corporate Culture
- Talent Development & Skills Building
- Technical and leadership training programs.
- In-house Academy promoting product, sustainability, and leadership culture.
- Active corporate welfare initiatives (family support, healthcare, work-life balance).
- Diversity, Inclusion & Equal Opportunities
- Focus on gender equality and multicultural teams.
- Zero tolerance policies on discrimination.
- Global workforce with female and international leadership representation.
- Health & Safety
- ISO 45001 certified safety systems.
- Ongoing investment in prevention culture, equipment, and training.
- KPI tracking included in ESG reports.
- Community Engagement
- Collaborations with schools, vocational institutes, and universities.
- Support for local nonprofits and regional development.
- Employee volunteering and civic initiatives.
Governance – Transparency, Integrity & ESG Integration
- Integrated ESG Governance
- ESG monitored at Board level.
- ESG goals embedded in 2024–2026 strategic plans.
- Voluntary ESG reporting aligned with GRI, SASB standards.
- Code of Ethics & Internal Control
- Corporate Code of Ethics applied to all employees and partners.
- Active whistleblowing system and ethical audits.
- Responsible Procurement
- ESG-based supplier evaluations covering labor, environment, and transparency.
- Traceable and sustainable supply chain development.
- Risk & Compliance Management
- ESG and reputational risk included in enterprise risk assessments.
- Anti-corruption training and policy adoption throughout the group.
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