company profile 2017unique in the market. as «specialist» hoover offers a wide and deep range of...

Candy Group Profile 1

COMPANY PROFILE 2017

OVERVIEW

Candy Group Profile2

Candy Group is a leading privately owned – by the Fumagalli family - household appliance companywell known internationally with over 70 years of industry experience. The Group is present acrossEurope, Middle East, Asia and Latin America. Under a diversified portfolio of brands withdifferentiated market and value proposition, Candy Group offers a full range of small and largedomestic appliances, both free-standing and built-in, including washing, cooking, cooling and smalldomestic appliances. Products are marketed under two international brands, Candy and Hoover,and several national brands as Rosières (France), Jinling (China) and others.

Candy Group, employs 4.660 staff members, has 6 manufacturing facilities in Europe, Turkey andChina, and 45 subsidiaries and representative offices around the world, including Candy HooverService, which is dedicated to after-sales support and comprises 2.000 centres and over 6.000specialists. The Group Headquarters, design centre, central facility and R&D premises are based inBrugherio (MB), Italy.

3

CANDY: The expert in Home Appliances since 1945

Candy Group Profile

Candy has been a pioneer and innovator in global washing machine market. Itproduced the first Italian made washing machine in 1945 and invented themodern front-loading washing machine in the late ‘50s, setting the Europeanstandards still in place today. Going forward, the Group will leverage its washingmachines expertise to continuingly acquire market share in strategic marketsegments to accelerate a profitable growth.

Thanks to its long history and experience in achievinggreat success, Candy has been able to develop simply-Fi,the first complete range of appliances connected via Wi-Fi enabling easier management remotely. This range ofinnovative products features appliances from all keycategories to wash, cook and store in a perfect Italianstyle.

HOOVER BORN INNOVATIVE


Hoover is the inventor of the vacuum cleaners; it is the 3° brand in Europe for floorcare, with an internalR&D department.

The Hoover technology is patented and competitive and the brand can claim features recognized to beUNIQUE in the market.

As «Specialist» Hoover offers a wide and deep range of products for all the needs: vacuuming, carpetwashers, floor washers, and steam cleaners as well as MDA appliances both free-standing and built-in.Since 2010, Hoover also entered the Ironing Systems segment.

ACQUISITIONS

5

1945

Candy produced the first Italian made washing machine

1971-1973

The growth strategy was built on innovation and diversification range also by acquisitions: in 1971 Candy acquired Kelvinator, a specialist in refrigerators and in 1973 La Sovrana, specialist in cooking appliances.

1961

Candy moved from Monza to Brugherio where the new HQs and large industrial site were completed, including R&D labs

2005-2006

The Group acquired the Russian washing machine brand Vyatka and its manufacturing site. In 2006 Jinlingbrand was acquired in China together with industrial facilities sales network and international operations

2007

Early in 2007 the acquisition of Dorukwith its brand Suslerin Turkey, gave the Group an industrial site for cookers, hobs, ovens.

2013

In 2013 Candy group completed the acquisition of the Baumatic brand in the UK Country. Baumaticis a well-known domestic appliances brand specialised in built in products, freestanding kitchen and wine cooler

1980

Kelvinator UK was acquired, making the beginning of international manufacturing

1985

The Group acquired Zerowatt, producer of top-loading washing machines and dryers. This was followed by Gasfire, an Italian prestigious name in built in appliances

1992-1993

Candy acquired Mayc-Otsein of Spain, a specialist in top-loading washing machines. The following year, Ibernain Italy, a well-known national brand in the cooling segment is added to the brand portfolio

1995

Hoover European Appliances Group was acquired with exclusive rights on the brand name and products for the whole Mediterranean area, Europe and the former USSR

1987

In 1987 came Rosieres, a prestigious French Brand, well known for its top-of-the-range built-in and free-standing cooking appliances

2017

Strategic cooperation agreement with Hefei Meiling Co. Ltd to strengthen the distribution of Candy, Jinling and MeilingWM in China as well as a cooling partnership

Candy Group Profile

Candy Group Profile 6

1945

Candy produced the first Italian made washing machine

1945

1966

In 1966, Stipomaticwas launched: an automatic dishwasher with two compartments; at the same time, the Superautomaticwashing machine was launched. In the same year was produced the Candy Misura washing machine; it is the first compact washing machine precursor of the Aquamatic serie

1950s-60s

In late 1950s and 60s, Candy “invented” the modern front-loading washing machine, the first completely automatic washing machine setting the European Standard still in place today

2014

Candy introduced the first complete range of connected appliances, Candy simply-Fi

2015

Candy celebrates 70 years anniversary, and formulated new growth strategy

2016Candy introducesthe first wholeconnected rangewith NFC and the first DW able to wash 16 place setting in standard dimensions

1978

Candy is the first Italian Company to produce No Frost Refrigerators: a cooling technology to avoid breeze inside the product

1980

Candy Trio: the unique 3 in 1 product: hobs, oven and dishwashers in standard dimension.

1984

Cuocirapido is the first microwave designed and produced in Italy

1986Candy Alisé: thefirst washer-dryerin Europewith internalcondenser, the evolution of Candy 2.60 dated 1978

90s

Specialists in the slim segment with the first 33 cm washing machines

1974

Candy tempo and variant are the first washing machines able to adapt water temperature depending on fabrics to wash

2000s

Specialists in the big load capacities: front loader WM up to 11 kgs, dryers up to 10 kgs, top loaders up to 8 kgs

2004

First DW able to wash 15 place setting in standard dimensions

2006

GrandÓ is the revolutionary washing machine with the highest and larger door in the market

2009Candy patented

Usee: 14 LED lights

placed on the oven

inner door replacing

the traditional

incandescent bulb.

2009DUO is the only two-

in-one solution

containing a oven

and a dishwasher 6

place settings

2010Aquavision is a

patented water tank

integrated within the

porthole of the dryer

to collect water

condensation

PRODUCT MILESTONES

2017

2011Mix Power

System: the

most effective

rapid wash ever

in the market

2016

Watch & Touch oven

Revolution in the kitchen

…AND

PRODUCTION FACILITIES

7

Key production facility

**The Group cooperates with various ODM subcontractors/industrial partners in the manufacturing of washing, refrigerators and SDA products

JIANGMEN (CHI)

BOURGES (FRA)

ESKISEHIR (TUR) 2 SITES

KIROV (RUS)

BRUGHERIO (ITA)

Brugherio (Italy)

Eskisehir (Turkey)

Kirov (Russia)

Jiangmen (China)

Bourges (France)

ODM/ Industrial Partners**

Washing Kitchen SDA

Candy Group Profile

R&D FACILITIES

8

Italy

In 1950s & 60s In 1954, Candy pioneered the washing machine industry again by

launching Bi-Matic, the first semi-automatic washing machine with a spinner; and just 5 years later, the washing machine became completely automatic - Candy raced ahead on the road of innovation

In 1980s & 90s

The workshops of Eden Fumagalli produced Model 50, the first 100% Italian made washing machine. The Candy brand name came into being as fruit of strong innovation

Today Strengthened by its long experience in the domestic appliance sector, Candy Groups continues to launch innovative products that meet the needs of diversified consumer targets

Candy made a series of domestic and international acquisitions in washing machines as well as refrigeration and kitchen appliance sector. The horizontal and vertical integration further strengthened Candy’s R&D capabilities

Candy’s R&D Capability

UK

Turkey

China

Candy Group Profile

In 1945

SERVICE DEVELOPMENT


The mission of the Candy Group customer service is to consolidate the relationship withcustomers by efficiently and courteously satisfying their needs with respect to technicalsupporting and responding to their inquiries.

The aim is to guarantee a long lasting positive experience with the group’s appliance providingan effective technical support and guaranteeing a highly professional service through aconsolidated and extensive network.


WHO WE ARE

MISSION

“Our mission is to enhance lives with home solutionsthat surprise and delight consumers the world over”.

Beppe Fumagalli, CEO

11 Candy Group Profile

VISION


Candy Group people are proud to positively transform the world through their work.

We are leader in understanding consumers and their needs so that we can deliver the best experience in terms of both

products and service.

Through our brands we develop solutions for the homes, creating a growing value for all stakeholders.

VALUES


Relevant and rapid innovation enables continuous improvements toproduct performance and service, caring for consumers evolving needs.

Respect for all individuals, be they consumers, employees, suppliers orpartners.

Design that achieves a harmonious and distinctive look that is centeredon individual product functionality.

Consumer centric: aligning our products and service with consumerexpectations.

Unique touch: style and out of the box approach.

A Group united by the same values:

STRATEGY

14

Operational excellenceis the rule of the game

BE BIG IN STRATEGIC SEGMENTSVISION

ASSET

BRANDS - TECHNOLOGIES

WASHING | BUILT-IN | SDA| COOLING

SMARTNESS

VALUESINNOVATIVE - FAST - EFFECTIVE

Accelerate

Candy Group is proceeding with a structured industrial plan that has a very precise vision - to identify and consolidate its leadership in strategic sectors (such as high capacity models, slim dimensions, washer-dryers, top loaders etc.) in which the company can boast real added value.

The strategy of the Candy Group can be seen in horizontal and vertical assets; the technological innovation (connectivity in particular) and the positioning of the Candy and Hoover brands are transversal elements in the development plan, while 4 Business Sectors (Washing, Built-in & Cooking, Cooling and Small Domestic Appliances) represent the areas to focus for the future.

Candy Group Profile

2016 RESULTS

In 2016, the Group achieves a turnover of €. 1,035 billion growing by 10% compared to 2015.

• Fastest growing Group in Europe

• Candy gained market share in 21 out of the 23 European countries surveyed

• Hoover vacuum cleaners is n. 2 Brand in the 10 European countries panel

• Leadership in smart appliances

15

2016 key figures (euro Mio)

EBIT: 48

net profit: 12

TURNOVER: 1.035

+87% (restated)

-

+10%

A P R O F I TA B L E FA M I LY O W N E D G R O U P

Candy Group Profile

FASTEST GROWING GROUP IN EUROPE


+10%

BestYearever!

+13%Flat FX

Flat FX

GLOBAL COMPANY


UK, 24%

France, 16%

Italy, 14%Iberia, 7%

Russia, 4%

DACH, 4%

Poland, 2%

Other Europe,

15%

Overseas, 14%

MDA EUROPEAN MARKET SHARE*


WASHING EUROPEAN MARKET SHARE*


FLOORCARE EUROPE MARKET SHARE*



BRANDS

A SUCCESSFUL MULTIBRAND STRATEGY


BRAND PORTFOLIO


BUSINESS SECTORS

BUSINESS SECTORS: 4 PILLARS


WASHING

Candy Group is a trend initiator in the global washing market since the production of the first Italian washing machine in 1945 until today, with a full range of WiFi connected appliances.

Constant innovations have been developed in terms of automation, design and functionality, making better products in terms of performance to ensure greater efficiency with reduced consumption in all washing product lines

BUILT-IN & COOKING

The Built-In and Cooking products combine the solid values of the Italian cooking tradition with cutting-edge performance, in line with current trends: perfect integration between the appliance and the kitchen, space management through large capacities and flexibility, innovative and functional design and the use of new technologies, above all, linked to connectivity.

COOLING

Cooling Business Sector aims to develop appliances setting new standards in Refrigeration by re-designing the traditional refrigerator into a smart appliance: preserving food at the best, constantly helping the storage and always finding simple solutions to every need in the kitchen No matter how the family is big or “complicated”, there is always a good solution for your food. Wide range of platforms with an astonishing design able to satisfy every need and style.

SDAHoover is the inventor of the vacuum cleaners; it is the 2° brand in Europe for floorcare, with an internalR&D department. The Hoover technology is patented and competitive and the brand can claim featuresrecognized to be UNIQUE in the market. As «Specialists» Hoover offers a wide and deep range of productsfor all the floorcare needs: vacuuming, carpet washers, floor washers, and steam cleaners; since 2010,Hoover also entered the Ironing Systems segment

CONNECTIVITY


Innovation— Connectivity

Connected Home Appliances and the integration in IOT will be mid-term standard in White Goods 2014

2015

2019

2017

Market

Full Connectivity «Wi-Fi»

+ Always connected+ Everywhere control

+ Premium functions & solutions

Remote Control

Proximity Control

Smart Connectivity«NFC»

+ Local Control, tap-on+ Enhanced performances

+ Value in standard solution

Solution Two connected platforms:

Strategy Innovation leadership in all segments

Candy introduced the first complete range of connected appliances, Candy simply-Fi to the market

Hoover introduced Wizard, an advanced connected range tailored to UK customers

All Candy Group’s washing machines willbe connected

Within 2 years all Group appliances will be connected

CONNECTIVITY CANDY SIMPLY-FI


Simply-Fi is the FIRST set of appliances equipped with Wi-Fi technology and managed with an App. The connection is bi-directional: users can operate the

appliance remotely, and the appliance can send messages to the user. The APP is one for all appliances, but each product can live independently

Candy is the first player in the market to introduce aFULL RANGE EQUIPPED WITH WI-FI and MANAGED VIA APP

CONNECTIVITY HOOVER WIZARD


Hoover Wizard: stay in touch with your home

wherever you are

Wizard is a full range of Wi-Fi enableddomestic appliances, which can be controlled by smartphone or tabletthrough the exclusive Wizard App.

Thanks to Wizard, you can keep your appliances under control 24 hours a

day, 7 days a week and with the innovative extra functions exclusively designed for the app, you’ll be able to

tailor the way your appliances function, to best suit your needs.


Thank you

company profile 2017unique in the market. as «specialist» hoover offers a wide and deep range of...

Documents