At its annual Hnancial conference, BSH reported record revenue and profit for 2010, citing its technological edge, particularly in energy-efficient home appliances, as a contributing factor By 2010. The company was already generating half its revenue with super-efficient home appliances. Revenue rose in 2010 by 8% to over £9billion, while its EBIT increased by almost €170million to top €700million.
ln Western Europe, excluding Germany, BSH increased its revenue by 2.9% to reach a total of €3.540billion in 2010. Sales of home appliances had also risen in the UK by nearly 4%. Speaking at the conference, chief executive officer of BSH, Dit Kurt-Ludwig Gutberlet said: “Today, BSH may claim to be the market leader in the field of efficient home appliances and also in the built- in/built-under secton:” ln 2010, and across Europe, the company invested in energy efficiency, with production of energy efficient refrigerators in Spain and Turkey.
In fact, BSH revealed its latest A+++ range of cooling appliances for Bosch and Siemens brands in a pop-up showroom in Munich. Helping to achieve its record balance sheet, the company stockpiled mw materials and used these to fund growth, at low cost, keeping product prices stable for consumers in 2010. However; member ofthe board of managementjohannes Nager pointed out raw materials cost would be a challenge in 20ll 1 “We can therefore not exclude a price increase for our products in 2011. Dit Kurt-Ludwig Gutberlet forecasted further success for BSH Group: “BSH has got off to a good start in 2011, with a 7% increase in turnover in comparison with the first four months of the prior year. Overall, we are currently assuming that our revenue will increase by around 5% in 2011. He concluded by imploring governments to create incentive schemes for energy-efficient appliances.
MD Martin Carroll leaves Impey UK:
Newly-appointed managing director of Impey UK, Martin Carroll has left for personal reasons, having been in the job for five months. He has been succeeded by Steve Cent who has joined the company, as commerical director; from Aqata.
Prior to joining Impey UK, Carroll had worked with brands including Armitage Shanks, Ideal Standard and Ideal Bathrooms. Carroll had re-aligned the team at Impey UK to give greater focus on each market sector Impey UK will now expand on its wetroom products into showering with the launch of Impey Showers which will offer enclosures and panels, trays and showering accessories. All products are featured in a brochure, for use by retailers and consumers, and shown in inspirational room settings.
Homestyle Bathrooms changes its name:
Supplier of designer bathroom products, Homestyle Bathrooms has changed its name to Bathroom Origins, to better reflect what it can offer its customers. The company was founded 16 years ago supplying bathroom products for homes, hotels and commercial developments.
Co-founder of the newly- named Bathroom Origins, Sofia Charalambous said: “We’re very excited by the change. Homestyle just doesn’t reflect what we are or do for our clients; quite frankly it sounds a bit boring and chintzy! “Bathroom Origins gives us the opportunity to extend what we’ve been doing, sourcing even more gorgeous products that don’t cost the earth, so our customers can offer their clients a bathroom ‘wow’ factor which won’t break the bank!”