Candy: big growth and a new plant in Turkey

Beppe and Aldo Fumagalli, respectively CEO and President of Candy Group
The Candy Group closes 2017 reaching a consolidated revenue of 1.148 billion euro, with a further growth of 14% (+10% at constant exchange rates), thanks to the focus on innovation and the IOT.
Candy has also reported a further rise in the share held in Europe, where it obtained, compared to 2016, an increase of 0.4 in the market share of major household appliances.
The Group, that operates with the brands Candy, Hoover and Rosières, recorded a good performance for the most of the sectors where it is present: Washing, Built-In and Small Domestic Appliances. The Group’s turnover is largely achieved within the European markets, among which the UK (21%), France (18%), Italy (17%), the Iberian Peninsula (6.5%) and Germany (4.5% ) play a leading role together with Russia which is currently growing strongly.
“The positive results of 2017 – Beppe Fumagalli, Candy Group CEO commented – confirm the growth of the Candy Group, which for the second consecutive year has confirmed itself to be the group that grows most in Europe in the market of large household appliances, thanks to an increasingly diversified and wide offer, particularly with the international brands Candy and Hoover, both in terms of product range and technological solutions, which places us at the forefront of innovation on the European market. But what makes us unique is our DNA, able to combine Italianness, creativity, tradition and modernity in a synthesis that allows us to propose solutions and innovative ideas on the market to solve everyday problems. We have been studying consumers, their tastes, needs and expectations, for over 70 years, to offer the best experiences both in terms of product and service.»

A new plant in Turkey
Candy has invested 15 million euro for the launch of a new plant in Turkey dedicated to the production of smart home appliances.
The new production unit is located in Eskişehir, in the North-West of Turkey, where a modern structure covering an area of 13,600 m2 was built and inaugurated a few days ago on a property owned by the Group.
The new factory, where 300 workers will be employed with an annual production capacity of about 800,000 pieces, is born to develop a new high efficiency production process, based on the use of innovative practices aimed at creating smart appliances.
In the new plant, the second production unit of the Candy Group in Turkey, will be manufactured the first dishwasher on the market equipped with Artificial Intelligence and equipped with an internal optical sensor able to identify quantity and type of dishes, automatically suggesting the more appropriate program and the best options for their washing.