Why invest in Elica
Market leader in the world of heating and ventilation systems
We develop innovative and design products to improve the cooking experience in the world and create long lasting and sustainable value for all stakeholders
We collaborate with our partners offering efficient and sustainable solutions to lead the energy transition of the heating world and ventilation
We collaborate with our partners offering efficient and sustainable solutions to lead the energy transition of the heating world and ventilation
9M 2023 Highlights
Values in Euro millions at September 30, 2023 (Adjusted)
360,2
Revenues
19,4
EBIT (Margin 5,4%)
10,6
Net Result
-47,0
Net Financial Position (ex. IFRS 16)
360,2
Revenues
19,4
EBIT (Margin 5,4%)
10,6
Net Result
-47,0
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
Cooking Business Unit
Motors Business Unit
Global Presence and Market Leadership
Industrial Footprint
Financial Performance
Sustainability
Management Team
Product innovation, design originality and commercial acumen has driven growth and extended our leadership, as we develop our own brands
Investment in R&D, which accounts for approximately 33% of total Capex, has remained consistent over time - if not in fact increasing.
We have reduced non-strategic and low-growth and margin impact investments, focusing on activities that support innovation, brand growth, commercial growth, and on the research of products with high added value. We have however above all focused on products with ever-greater advanced technology and design content.
The company has undertaken industrial research, seeking to improve products, as well as introducing organisational, process and structural improvements. In addition, Elica has the EPL laboratory, a technology hub which can certify innovative products on safety, energy conservation and compatibility, leveraging a team with extensive technical-scientific expertise (electrical engineers, mechanical engineers, physicists and electrical and chemical experts).
We have executed 26 innovation projects in 2022, 4 of which have already been introduced to the business, reflecting the drive to create distinctive and unique designs.
We have focused on expanding the premium range by extending the Cooking segment range and in June 2022 launched "LHOV”, a revolutionary product that integrates the cooking hob, hood and oven - a significant step in Elica's expansion into the complete Cooking segment. An entirely new product category, compact, powerful, automated and fully expressing the Group's long-standing drive for innovation.
Finally, the Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX** line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
We have reduced non-strategic and low-growth and margin impact investments, focusing on activities that support innovation, brand growth, commercial growth, and on the research of products with high added value. We have however above all focused on products with ever-greater advanced technology and design content.
The company has undertaken industrial research, seeking to improve products, as well as introducing organisational, process and structural improvements. In addition, Elica has the EPL laboratory, a technology hub which can certify innovative products on safety, energy conservation and compatibility, leveraging a team with extensive technical-scientific expertise (electrical engineers, mechanical engineers, physicists and electrical and chemical experts).
We have executed 26 innovation projects in 2022, 4 of which have already been introduced to the business, reflecting the drive to create distinctive and unique designs.
We have focused on expanding the premium range by extending the Cooking segment range and in June 2022 launched "LHOV”, a revolutionary product that integrates the cooking hob, hood and oven - a significant step in Elica's expansion into the complete Cooking segment. An entirely new product category, compact, powerful, automated and fully expressing the Group's long-standing drive for innovation.
Finally, the Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX** line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Revolutionizing the traditional image of kitchen hoods: no longer simple accessories, but objects with a unique design capable of improving the quality of life
Elica, a leading global manufacturer of range hoods and extractor hobs, has a comprehensive Global Brand portfolio to satisfy all market demands. Each Brand has a clear and distinctive identity, although all follow a common vision.
COOKING BUSINESS UNIT
Elica's range hoods and aspiration hobs are highly functional design and technological content objects, thanks to its extensive experience in the industry, the close focus on design to create unique products and the refinement of the materials and advanced technologies that ensure maximum efficiency and reduced consumption.
A world leader in the design, manufacture and marketing of own brand domestic use range hoods and through the brands of leading international manufacturers of household and kitchen appliances, cooking hobs and ovens and sterilisers (for the Asian market only).
Production and sales in the Cooking segment comprise "third-party brands" for 39% of sales and "own brands" for the remaining 61%.
BRAND
Elica: Elica has revolutionised the image of the range hood from a simple household appliance to a uniquely designed object that improves air quality in the home.
Turboair: Turboair has been in the range hood market for more than 45 years. The solidity, safety and reliability of the products tell a story: "the real Italian story."
Airforce: It centres around research, the desire to pioneer a style, to offer a Made in Italy brand that is even more focused on and progressive in terms of choice, where high quality meets functionality and reliability, design and innovation.
Ariafina: the Ariafina brand is distributed in the high-end Japanese market, combining the beauty of Italian design, functionality, the impeccable quality of Japanese industrial tradition, and the craftsmanship that makes each piece produced unique and exclusive.
Arietta: Arietta, distributed in North America, produces range hoods that represent the values of our Company: reliability, functionality, aesthetics and quality, reflecting Italian culture and design.
Jetair: Jetair is a long-standing range hood brand on the Russian market, appreciated for the products' ability to reflect the experience, technologies and reliable performance typical of “Made in Italy” products.
Puti: Puti is one of the leading brands in the industry in the Chinese province and manufactures range hoods, cooking hobs and dish sterilisers. The brand, acquired by a Chinese JV, offers highly competitive, functional and technological content products.
COOKING BUSINESS UNIT
Elica's range hoods and aspiration hobs are highly functional design and technological content objects, thanks to its extensive experience in the industry, the close focus on design to create unique products and the refinement of the materials and advanced technologies that ensure maximum efficiency and reduced consumption.
A world leader in the design, manufacture and marketing of own brand domestic use range hoods and through the brands of leading international manufacturers of household and kitchen appliances, cooking hobs and ovens and sterilisers (for the Asian market only).
Production and sales in the Cooking segment comprise "third-party brands" for 39% of sales and "own brands" for the remaining 61%.
BRAND
Elica: Elica has revolutionised the image of the range hood from a simple household appliance to a uniquely designed object that improves air quality in the home.
Turboair: Turboair has been in the range hood market for more than 45 years. The solidity, safety and reliability of the products tell a story: "the real Italian story."
Airforce: It centres around research, the desire to pioneer a style, to offer a Made in Italy brand that is even more focused on and progressive in terms of choice, where high quality meets functionality and reliability, design and innovation.
Ariafina: the Ariafina brand is distributed in the high-end Japanese market, combining the beauty of Italian design, functionality, the impeccable quality of Japanese industrial tradition, and the craftsmanship that makes each piece produced unique and exclusive.
Arietta: Arietta, distributed in North America, produces range hoods that represent the values of our Company: reliability, functionality, aesthetics and quality, reflecting Italian culture and design.
Jetair: Jetair is a long-standing range hood brand on the Russian market, appreciated for the products' ability to reflect the experience, technologies and reliable performance typical of “Made in Italy” products.
Puti: Puti is one of the leading brands in the industry in the Chinese province and manufactures range hoods, cooking hobs and dish sterilisers. The brand, acquired by a Chinese JV, offers highly competitive, functional and technological content products.
We cooperate with our partners, offering innovative, efficient and sustainable solutions to drive energy transition in the heating and ventilation sector
MOTORS BUSINESS UNIT
Leading position in Europe in the design, production and marketing of electric motors for the heating, ventilation and household appliance markets through its subsidiary EMC FIME (formerly FIME - in 2021 FIME extended its presence in the electric motor market through the acquisition of E.M.C. and CPS). The Motors Division produces approximately 17% captive products, meaning they are used in range hoods sold by the Group itself and 83% for external customers.
EMC-FIME: More than 40 years of experience in designing, manufacturing and selling electric motors and fans for the heating, ventilation and household appliance markets. EMC FIME has an ongoing key focus on the welfare of people and the environment.
The Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Leading position in Europe in the design, production and marketing of electric motors for the heating, ventilation and household appliance markets through its subsidiary EMC FIME (formerly FIME - in 2021 FIME extended its presence in the electric motor market through the acquisition of E.M.C. and CPS). The Motors Division produces approximately 17% captive products, meaning they are used in range hoods sold by the Group itself and 83% for external customers.
EMC-FIME: More than 40 years of experience in designing, manufacturing and selling electric motors and fans for the heating, ventilation and household appliance markets. EMC FIME has an ongoing key focus on the welfare of people and the environment.
The Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Proximity and market presence have enabled us to become leaders with our brands
Over the years, the Elica Group has steadily increased its market share to become a truly global player. In fact, it is a market leader in aspiration systems and is gaining leadership positions in the heating and ventilation boiler motors areas.
A global presence is ensured through its 7 Legal Entities located in Europe, the Americas and China.
In Europe, in addition to our Italy-based headquarters, we are present in the most strategic markets such as France, Germany, Spain and Russia. The growth of our market presence with permanent organisations has enabled the Group to achieve market leadership in Europe through its own brands.
A manufacturing and a commercial presence in America has enabled the company to strengthen partnerships with OEM customers, but more importantly to pursue the goal of growing also through its own brands.
Elica Group Distribution Network and presence in Key Countries
A global presence is ensured through its 7 Legal Entities located in Europe, the Americas and China.
In Europe, in addition to our Italy-based headquarters, we are present in the most strategic markets such as France, Germany, Spain and Russia. The growth of our market presence with permanent organisations has enabled the Group to achieve market leadership in Europe through its own brands.
A manufacturing and a commercial presence in America has enabled the company to strengthen partnerships with OEM customers, but more importantly to pursue the goal of growing also through its own brands.
Elica Group Distribution Network and presence in Key Countries
Competitiveness and Market drive our industrial footprint
The driver of Elica's production structure is Competitiveness and proximity to the Market.
In Europe, we have two production Hubs for Cooking: Poland for highly-standardised and high-volume products that require competitiveness both for the Proprietary Brands and for the OEM segment, while Italy represents the "flagship" of the “Made in Italy” products, with production dedicated to our winning high-end products, such as the Nikolatesla aspiration hobs and the suspended aspiration solutions.
The Manufacturing Hub in Mexico, on the other hand, serves the North American and Latin American Market and thus ensures proximity to OEM customers and the pursuit of a growth strategy with own brands that has doubled sales over recent years.
The Motors division, on the other hand, divides production between the two plants in Italy and Poland by balancing resources, competitiveness and product development.
In Europe, we have two production Hubs for Cooking: Poland for highly-standardised and high-volume products that require competitiveness both for the Proprietary Brands and for the OEM segment, while Italy represents the "flagship" of the “Made in Italy” products, with production dedicated to our winning high-end products, such as the Nikolatesla aspiration hobs and the suspended aspiration solutions.
The Manufacturing Hub in Mexico, on the other hand, serves the North American and Latin American Market and thus ensures proximity to OEM customers and the pursuit of a growth strategy with own brands that has doubled sales over recent years.
The Motors division, on the other hand, divides production between the two plants in Italy and Poland by balancing resources, competitiveness and product development.
Elica's turnaround is now a reality
Elica's turnaround project has now become reality, with both sales and margins growing - supported by a simultaneous improvement in the financial position.
Elica at the end of 2019 launched a clear growth strategy to boost profitability and cash generation by leveraging its product and brand leadership and own brand sales growth.
Improving profitability revolves around 3 key projects: the "Decomplexity" project, i.e. the reduction of product complexity; the "Portfolio" project, which has resulted in a "resizing" of our overheads based on actual business needs, in addition to the project to reallocate industrial production between Italy and Poland, intended to boost our competitiveness.
The group has structurally improved its operating margin from an average of 4% to steadily in excess of 6%, with the Group Net Profit growing 37% from 12M€ to 16.6M€ in 2022.
In 2023, despite a major inflationary impact and a downturn in demand, the Group has confirmed its resilience by maintaining the forecast margins, a solid financial position, and market share growth with its brands. All this has enabled a return to a sustainable dividend policy for the future, also in view of the clear strategy for both organic and acquisition-led growth.
Elica at the end of 2019 launched a clear growth strategy to boost profitability and cash generation by leveraging its product and brand leadership and own brand sales growth.
Improving profitability revolves around 3 key projects: the "Decomplexity" project, i.e. the reduction of product complexity; the "Portfolio" project, which has resulted in a "resizing" of our overheads based on actual business needs, in addition to the project to reallocate industrial production between Italy and Poland, intended to boost our competitiveness.
The group has structurally improved its operating margin from an average of 4% to steadily in excess of 6%, with the Group Net Profit growing 37% from 12M€ to 16.6M€ in 2022.
In 2023, despite a major inflationary impact and a downturn in demand, the Group has confirmed its resilience by maintaining the forecast margins, a solid financial position, and market share growth with its brands. All this has enabled a return to a sustainable dividend policy for the future, also in view of the clear strategy for both organic and acquisition-led growth.
Elica is, by nature, a sustainable company, particularly due to the fact that ours is a product for the purification of the environment
In 2021 we began a process of evaluating and reporting on our corporate social responsibility activities, supported by an internal and inter-departmental committee representative of all the company's stakeholders. With the establishment of the sustainability board, we wish to set out a vision and a medium- to long-term sustainable development plan, which will enable us to develop the initiatives we already have in place and integrate them into a comprehensive project that gives a defined structure to our already, in itself, sustainable approach and makes environmental and social sustainability a winning competitive factor for Elica.
Elica's commitment to the environment translates, first and foremost, into the efficient use of resources, through the reduction of CO2 emissions in production processes and the increased use of renewable energy sources.
The well-being and growth, both personal and professional, of people are among Elica's primary goals. Training is considered a fundamental lever in the development of resources and the entire organisation, and is encouraged through training programmes in partnership with the academic world.
In addition, it is our top priority to ensure an inclusive and merit-based organisational structure. Managerial growth is ensured equally across all organisational levels, with a strong female presence within top management (50% of managers are women).
The Ermanno Casoli Foundation operates additionally to help us foster and strengthen the relationship between art and business, driving collaborative innovation also through projects supporting inclusiveness and creativity.
Sustainability Report 2022 - PDF download
Elica's commitment to the environment translates, first and foremost, into the efficient use of resources, through the reduction of CO2 emissions in production processes and the increased use of renewable energy sources.
The well-being and growth, both personal and professional, of people are among Elica's primary goals. Training is considered a fundamental lever in the development of resources and the entire organisation, and is encouraged through training programmes in partnership with the academic world.
In addition, it is our top priority to ensure an inclusive and merit-based organisational structure. Managerial growth is ensured equally across all organisational levels, with a strong female presence within top management (50% of managers are women).
The Ermanno Casoli Foundation operates additionally to help us foster and strengthen the relationship between art and business, driving collaborative innovation also through projects supporting inclusiveness and creativity.
Sustainability Report 2022 - PDF download
Our Leadership Team is made up of people who successfully lead the company every day and constantly strive to innovatively design Elica's future
Extensive experience and diversified skill sets are the key to our success.
A new and extremely cohesive team, a more streamlined organisation that has led us to flesh out the turnaround plan more quickly, turning actions into decisions and always with a medium- to long-term perspective.
All of this has enabled us to consistently deliver improving results both organically and through acquisitions, and to improve margins and cash generation in an increasingly complex environment with a growing focus on sustainability and shared value creation, anticipating the needs of an evolving market.
Elica Group Management Team
A new and extremely cohesive team, a more streamlined organisation that has led us to flesh out the turnaround plan more quickly, turning actions into decisions and always with a medium- to long-term perspective.
All of this has enabled us to consistently deliver improving results both organically and through acquisitions, and to improve margins and cash generation in an increasingly complex environment with a growing focus on sustainability and shared value creation, anticipating the needs of an evolving market.
Elica Group Management Team
Product innovation, design originality and commercial acumen has driven growth and extended our leadership, as we develop our own brands
Investment in R&D, which accounts for approximately 33% of total Capex, has remained consistent over time - if not in fact increasing.
We have reduced non-strategic and low-growth and margin impact investments, focusing on activities that support innovation, brand growth, commercial growth, and on the research of products with high added value. We have however above all focused on products with ever-greater advanced technology and design content.
The company has undertaken industrial research, seeking to improve products, as well as introducing organisational, process and structural improvements. In addition, Elica has the EPL laboratory, a technology hub which can certify innovative products on safety, energy conservation and compatibility, leveraging a team with extensive technical-scientific expertise (electrical engineers, mechanical engineers, physicists and electrical and chemical experts).
We have executed 26 innovation projects in 2022, 4 of which have already been introduced to the business, reflecting the drive to create distinctive and unique designs.
We have focused on expanding the premium range by extending the Cooking segment range and in June 2022 launched "LHOV”, a revolutionary product that integrates the cooking hob, hood and oven - a significant step in Elica's expansion into the complete Cooking segment. An entirely new product category, compact, powerful, automated and fully expressing the Group's long-standing drive for innovation.
Finally, the Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX** line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
We have reduced non-strategic and low-growth and margin impact investments, focusing on activities that support innovation, brand growth, commercial growth, and on the research of products with high added value. We have however above all focused on products with ever-greater advanced technology and design content.
The company has undertaken industrial research, seeking to improve products, as well as introducing organisational, process and structural improvements. In addition, Elica has the EPL laboratory, a technology hub which can certify innovative products on safety, energy conservation and compatibility, leveraging a team with extensive technical-scientific expertise (electrical engineers, mechanical engineers, physicists and electrical and chemical experts).
We have executed 26 innovation projects in 2022, 4 of which have already been introduced to the business, reflecting the drive to create distinctive and unique designs.
We have focused on expanding the premium range by extending the Cooking segment range and in June 2022 launched "LHOV”, a revolutionary product that integrates the cooking hob, hood and oven - a significant step in Elica's expansion into the complete Cooking segment. An entirely new product category, compact, powerful, automated and fully expressing the Group's long-standing drive for innovation.
Finally, the Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX** line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Revolutionizing the traditional image of kitchen hoods: no longer simple accessories, but objects with a unique design capable of improving the quality of life
Elica, a leading global manufacturer of range hoods and extractor hobs, has a comprehensive Global Brand portfolio to satisfy all market demands. Each Brand has a clear and distinctive identity, although all follow a common vision.
COOKING BUSINESS UNIT
Elica's range hoods and aspiration hobs are highly functional design and technological content objects, thanks to its extensive experience in the industry, the close focus on design to create unique products and the refinement of the materials and advanced technologies that ensure maximum efficiency and reduced consumption.
A world leader in the design, manufacture and marketing of own brand domestic use range hoods and through the brands of leading international manufacturers of household and kitchen appliances, cooking hobs and ovens and sterilisers (for the Asian market only).
Production and sales in the Cooking segment comprise "third-party brands" for 39% of sales and "own brands" for the remaining 61%.
BRAND
Elica: Elica has revolutionised the image of the range hood from a simple household appliance to a uniquely designed object that improves air quality in the home.
Turboair: Turboair has been in the range hood market for more than 45 years. The solidity, safety and reliability of the products tell a story: "the real Italian story."
Airforce: It centres around research, the desire to pioneer a style, to offer a Made in Italy brand that is even more focused on and progressive in terms of choice, where high quality meets functionality and reliability, design and innovation.
Ariafina: the Ariafina brand is distributed in the high-end Japanese market, combining the beauty of Italian design, functionality, the impeccable quality of Japanese industrial tradition, and the craftsmanship that makes each piece produced unique and exclusive.
Arietta: Arietta, distributed in North America, produces range hoods that represent the values of our Company: reliability, functionality, aesthetics and quality, reflecting Italian culture and design.
Jetair: Jetair is a long-standing range hood brand on the Russian market, appreciated for the products' ability to reflect the experience, technologies and reliable performance typical of “Made in Italy” products.
Puti: Puti is one of the leading brands in the industry in the Chinese province and manufactures range hoods, cooking hobs and dish sterilisers. The brand, acquired by a Chinese JV, offers highly competitive, functional and technological content products.
COOKING BUSINESS UNIT
Elica's range hoods and aspiration hobs are highly functional design and technological content objects, thanks to its extensive experience in the industry, the close focus on design to create unique products and the refinement of the materials and advanced technologies that ensure maximum efficiency and reduced consumption.
A world leader in the design, manufacture and marketing of own brand domestic use range hoods and through the brands of leading international manufacturers of household and kitchen appliances, cooking hobs and ovens and sterilisers (for the Asian market only).
Production and sales in the Cooking segment comprise "third-party brands" for 39% of sales and "own brands" for the remaining 61%.
BRAND
Elica: Elica has revolutionised the image of the range hood from a simple household appliance to a uniquely designed object that improves air quality in the home.
Turboair: Turboair has been in the range hood market for more than 45 years. The solidity, safety and reliability of the products tell a story: "the real Italian story."
Airforce: It centres around research, the desire to pioneer a style, to offer a Made in Italy brand that is even more focused on and progressive in terms of choice, where high quality meets functionality and reliability, design and innovation.
Ariafina: the Ariafina brand is distributed in the high-end Japanese market, combining the beauty of Italian design, functionality, the impeccable quality of Japanese industrial tradition, and the craftsmanship that makes each piece produced unique and exclusive.
Arietta: Arietta, distributed in North America, produces range hoods that represent the values of our Company: reliability, functionality, aesthetics and quality, reflecting Italian culture and design.
Jetair: Jetair is a long-standing range hood brand on the Russian market, appreciated for the products' ability to reflect the experience, technologies and reliable performance typical of “Made in Italy” products.
Puti: Puti is one of the leading brands in the industry in the Chinese province and manufactures range hoods, cooking hobs and dish sterilisers. The brand, acquired by a Chinese JV, offers highly competitive, functional and technological content products.
We cooperate with our partners, offering innovative, efficient and sustainable solutions to drive energy transition in the heating and ventilation sector
MOTORS BUSINESS UNIT
Leading position in Europe in the design, production and marketing of electric motors for the heating, ventilation and household appliance markets through its subsidiary EMC FIME (formerly FIME - in 2021 FIME extended its presence in the electric motor market through the acquisition of E.M.C. and CPS). The Motors Division produces approximately 17% captive products, meaning they are used in range hoods sold by the Group itself and 83% for external customers.
EMC-FIME: More than 40 years of experience in designing, manufacturing and selling electric motors and fans for the heating, ventilation and household appliance markets. EMC FIME has an ongoing key focus on the welfare of people and the environment.
The Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Leading position in Europe in the design, production and marketing of electric motors for the heating, ventilation and household appliance markets through its subsidiary EMC FIME (formerly FIME - in 2021 FIME extended its presence in the electric motor market through the acquisition of E.M.C. and CPS). The Motors Division produces approximately 17% captive products, meaning they are used in range hoods sold by the Group itself and 83% for external customers.
EMC-FIME: More than 40 years of experience in designing, manufacturing and selling electric motors and fans for the heating, ventilation and household appliance markets. EMC FIME has an ongoing key focus on the welfare of people and the environment.
The Elica Group, through its subsidiary EMC FIME, a leading manufacturer of electric motors, has entered the hydrogen market. The PREMIX line of fans has in fact been certified internationally for the use of hydrogen following a long process of tests and checks.
Proximity and market presence have enabled us to become leaders with our brands
Over the years, the Elica Group has steadily increased its market share to become a truly global player. In fact, it is a market leader in aspiration systems and is gaining leadership positions in the heating and ventilation boiler motors areas.
A global presence is ensured through its 7 Legal Entities located in Europe, the Americas and China.
In Europe, in addition to our Italy-based headquarters, we are present in the most strategic markets such as France, Germany, Spain and Russia. The growth of our market presence with permanent organisations has enabled the Group to achieve market leadership in Europe through its own brands.
A manufacturing and a commercial presence in America has enabled the company to strengthen partnerships with OEM customers, but more importantly to pursue the goal of growing also through its own brands.
Elica Group Distribution Network and presence in Key Countries
A global presence is ensured through its 7 Legal Entities located in Europe, the Americas and China.
In Europe, in addition to our Italy-based headquarters, we are present in the most strategic markets such as France, Germany, Spain and Russia. The growth of our market presence with permanent organisations has enabled the Group to achieve market leadership in Europe through its own brands.
A manufacturing and a commercial presence in America has enabled the company to strengthen partnerships with OEM customers, but more importantly to pursue the goal of growing also through its own brands.
Elica Group Distribution Network and presence in Key Countries
Competitiveness and Market drive our industrial footprint
The driver of Elica's production structure is Competitiveness and proximity to the Market.
In Europe, we have two production Hubs for Cooking: Poland for highly-standardised and high-volume products that require competitiveness both for the Proprietary Brands and for the OEM segment, while Italy represents the "flagship" of the “Made in Italy” products, with production dedicated to our winning high-end products, such as the Nikolatesla aspiration hobs and the suspended aspiration solutions.
The Manufacturing Hub in Mexico, on the other hand, serves the North American and Latin American Market and thus ensures proximity to OEM customers and the pursuit of a growth strategy with own brands that has doubled sales over recent years.
The Motors division, on the other hand, divides production between the two plants in Italy and Poland by balancing resources, competitiveness and product development.
In Europe, we have two production Hubs for Cooking: Poland for highly-standardised and high-volume products that require competitiveness both for the Proprietary Brands and for the OEM segment, while Italy represents the "flagship" of the “Made in Italy” products, with production dedicated to our winning high-end products, such as the Nikolatesla aspiration hobs and the suspended aspiration solutions.
The Manufacturing Hub in Mexico, on the other hand, serves the North American and Latin American Market and thus ensures proximity to OEM customers and the pursuit of a growth strategy with own brands that has doubled sales over recent years.
The Motors division, on the other hand, divides production between the two plants in Italy and Poland by balancing resources, competitiveness and product development.
Elica's turnaround is now a reality
Elica's turnaround project has now become reality, with both sales and margins growing - supported by a simultaneous improvement in the financial position.
Elica at the end of 2019 launched a clear growth strategy to boost profitability and cash generation by leveraging its product and brand leadership and own brand sales growth.
Improving profitability revolves around 3 key projects: the "Decomplexity" project, i.e. the reduction of product complexity; the "Portfolio" project, which has resulted in a "resizing" of our overheads based on actual business needs, in addition to the project to reallocate industrial production between Italy and Poland, intended to boost our competitiveness.
The group has structurally improved its operating margin from an average of 4% to steadily in excess of 6%, with the Group Net Profit growing 37% from 12M€ to 16.6M€ in 2022.
In 2023, despite a major inflationary impact and a downturn in demand, the Group has confirmed its resilience by maintaining the forecast margins, a solid financial position, and market share growth with its brands. All this has enabled a return to a sustainable dividend policy for the future, also in view of the clear strategy for both organic and acquisition-led growth.
Elica at the end of 2019 launched a clear growth strategy to boost profitability and cash generation by leveraging its product and brand leadership and own brand sales growth.
Improving profitability revolves around 3 key projects: the "Decomplexity" project, i.e. the reduction of product complexity; the "Portfolio" project, which has resulted in a "resizing" of our overheads based on actual business needs, in addition to the project to reallocate industrial production between Italy and Poland, intended to boost our competitiveness.
The group has structurally improved its operating margin from an average of 4% to steadily in excess of 6%, with the Group Net Profit growing 37% from 12M€ to 16.6M€ in 2022.
In 2023, despite a major inflationary impact and a downturn in demand, the Group has confirmed its resilience by maintaining the forecast margins, a solid financial position, and market share growth with its brands. All this has enabled a return to a sustainable dividend policy for the future, also in view of the clear strategy for both organic and acquisition-led growth.
Elica is, by nature, a sustainable company, particularly due to the fact that ours is a product for the purification of the environment
In 2021 we began a process of evaluating and reporting on our corporate social responsibility activities, supported by an internal and inter-departmental committee representative of all the company's stakeholders. With the establishment of the sustainability board, we wish to set out a vision and a medium- to long-term sustainable development plan, which will enable us to develop the initiatives we already have in place and integrate them into a comprehensive project that gives a defined structure to our already, in itself, sustainable approach and makes environmental and social sustainability a winning competitive factor for Elica.
Elica's commitment to the environment translates, first and foremost, into the efficient use of resources, through the reduction of CO2 emissions in production processes and the increased use of renewable energy sources.
The well-being and growth, both personal and professional, of people are among Elica's primary goals. Training is considered a fundamental lever in the development of resources and the entire organisation, and is encouraged through training programmes in partnership with the academic world.
In addition, it is our top priority to ensure an inclusive and merit-based organisational structure. Managerial growth is ensured equally across all organisational levels, with a strong female presence within top management (50% of managers are women).
The Ermanno Casoli Foundation operates additionally to help us foster and strengthen the relationship between art and business, driving collaborative innovation also through projects supporting inclusiveness and creativity.
Sustainability Report 2022 - PDF download
Elica's commitment to the environment translates, first and foremost, into the efficient use of resources, through the reduction of CO2 emissions in production processes and the increased use of renewable energy sources.
The well-being and growth, both personal and professional, of people are among Elica's primary goals. Training is considered a fundamental lever in the development of resources and the entire organisation, and is encouraged through training programmes in partnership with the academic world.
In addition, it is our top priority to ensure an inclusive and merit-based organisational structure. Managerial growth is ensured equally across all organisational levels, with a strong female presence within top management (50% of managers are women).
The Ermanno Casoli Foundation operates additionally to help us foster and strengthen the relationship between art and business, driving collaborative innovation also through projects supporting inclusiveness and creativity.
Sustainability Report 2022 - PDF download
Our Leadership Team is made up of people who successfully lead the company every day and constantly strive to innovatively design Elica's future
Extensive experience and diversified skill sets are the key to our success.
A new and extremely cohesive team, a more streamlined organisation that has led us to flesh out the turnaround plan more quickly, turning actions into decisions and always with a medium- to long-term perspective.
All of this has enabled us to consistently deliver improving results both organically and through acquisitions, and to improve margins and cash generation in an increasingly complex environment with a growing focus on sustainability and shared value creation, anticipating the needs of an evolving market.
Elica Group Management Team
A new and extremely cohesive team, a more streamlined organisation that has led us to flesh out the turnaround plan more quickly, turning actions into decisions and always with a medium- to long-term perspective.
All of this has enabled us to consistently deliver improving results both organically and through acquisitions, and to improve margins and cash generation in an increasingly complex environment with a growing focus on sustainability and shared value creation, anticipating the needs of an evolving market.
Elica Group Management Team
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Corporate Social Responsibility
Invest in innovation and sustainability as strategic drivers of economic growth in the medium-long term
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People
The well-being and growth, both personal and professional, of people are among Elica's primary objectives