In the past financial year, Villeroy & Boch increased its group net sales including licence income by 18 % to € 945 million and thus significantly exceeded the forecast (€ 920 million) last adjusted in September 2021. There are double-digit growth rates in both divisions, which is especially remarkable.
The September forecast (€ 85 million) was also clearly exceeded in the group operating result (EBIT) with a record amount of around € 92 million. This is by far the highest group operating result since the IPO in 1990. This extraordinarily positive business development is not only evident compared to 2020, but also in a similar form in comparison to the 2019 financial year, which was unaffected by the pandemic, and thus underlines the substantially improved performance of the Group. Note: Villeroy & Boch will provide information about the final figures for the fourth quarter and the financial year 2021 on 17 February 2022 when the consolidated financial statements are published at the annual press and analysts’ conference.
Following the success of their Flow Bento products, UK-based Craster has recently launched a second bento system. The Stacking Bento Box collection is based around the same Flow Gastronorm footprint but is expanded to provide properties with a sustainable option for delivery of cuisine and drinks in guest rooms, poolside and across grounds and spas. The elements stack together, with fantastic coverage to guard against coughs and sneezes and they are made from fine, responsibly sourced walnut and oak to support the phasing out of single-use containers. Now, environmentally responsible operators can curate excellent dining experiences with the modular Stacking Bento Boxes for meal and drinks delivery without single use plastics. Craster’s new Bento Box systems are intelligently designed for properties where elegance and understated materials are as important as wellness and hygiene. Craster has these in stock and they’re available now.
For more information on Craster and their Flow Bento Box systems, please visit: https://craster.com/food-beverage/product-type/bento/ Churchill China plc, the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, recently announced the following trading update for the year ended 31 December 2021. The Board expects to meet market expectations* for profit before taxation for the year ended 31 December 2021. Churchill has continued to address the issues set by the COVID pandemic whilst maintaining our focus on securing long term market share gains. According to the company, they have exceeded their earlier revenue estimates but have experienced higher production cost levels as we have quickly scaled output to meet demand and cost inflation has risen. In their release, the company continued by saying, "Revenue has continued to grow strongly and H2 sales, particularly in Hospitality, have shown growth against 2019 comparatives. Order levels have been high as overall supply into the market from their competitors has remained constrained. We have chosen to meet this demand given our objective to support our customers in a replacement orientated sector. We have performed particularly well in Europe where sales have exceeded 2019 levels across the year as a whole. Our market leading position has allowed us to bring forward our normal price rise and implement a higher than normal increase to offset some of the effects of higher cost inflation." The necessity to scale production quickly in order to meet this increased demand has created additional pressure on our operations alongside cost inflation, leading to some inefficiencies within our manufacturing unit. We expect these effects to continue into 2022, but to show progressive improvement over the year as a whole. We believe that profitability in 2022 will show further substantial growth on 2021's outfall. Churchill has also accelerated their investment plans to reflect the need to reduce energy costs and to improve productivity. Churchill also stated that the company's financial position remains robust and cash and deposit levels have increased from the half year position. The Company intends to announce its Preliminary Results for the year ended 31 December 2021 in April this year. * Company compiled consensus market expectations for profit before taxation for the financial year to 31 December 2021 is £5.6m.
Bonna, the Turkish supplier of premium dinnerware for the HoReCa industry continues to make its mark on the global hospitality industry. Envisio and its SEPIA Collection are Bonna’s newest family of products inspired by the latest technological trends and blending traditional design style. In addition to the privileges already provided by Bonna, Envisio is preparing to create a new identity and authenticity in the tables. Whether your presentations are completely your imagination, with the personalizable design privilege provided by Envisio. With Envisio Collections, Bonna is proud of bringing a new dimension to the HoReCa sector.
Today's Frankfurter Allgemeine newspaper chronicles the pain that the German hospitality/HoReCa sector will be feeling from increased COVID restrictions being implemented by both the state and federal governments there. And, of course, within our range of vision is the recent decision to cancel the Ambiente trade fair, which was to be held in Frankfurt in early February. This is the second year in a row that Ambiente has not been held in person and the impact of losing the world's biggest consumer goods trade show is devastating to Frankfurt restaurants and hotels.
And, it has to be remembered that the costs are not only economic, although these are the most visible. The social and human costs of being locked down and isolated from family and friends once again are nearly impossible to determine. Here's a link to the story: Restaurateurs fear a massive slump in sales Steelite International, the world’s leading supplier of tabletop and buffet solutions to the global hospitality industry, is pleased to announce the acquisition of Hollowick, Inc., a USA-based company and innovator in tabletop lighting and food warming solutions. Hollowick, Inc. will join the Steelite family at the start of 2022, providing complete ownership of their products and distribution to the hospitality markets across the globe. This acquisition will allow Steelite to expand its product offering and provide the opportunity to set the mood for a complete tabletop experience. Manufacturing will remain in place at Hollowick’s facility in Manlius, NY, and orders will continue to be fulfilled and distributed through that facility.
n making the announcement, Steelite President & CEO Miles noted that this acquisition is consistent with the company’s plan to aggressively expand in the industry's tableware & buffet segment. He stressed that Steelite will continue to demonstrate a high level of confidence in the recovery of the hospitality market and its ability to play a significant role in providing solutions to customers.
Miles concluded the announcement by expressing his sincere thanks to Jerry and Anne Menter, along with the team at Hollowick, for their years of commitment to creating a successful business. About Steelite International Steelite International is the leading designer, marketer, manufacturer, and supplier of award-winning tabletop and buffet products for the global hospitality industry. Steelite core brands include Steelite Distinction & Performance, William Edwards, DW Haber, Creations, Folio, Varick, Homer Laughlin, Hall China, and Aspen Drinkware. In addition to their core brands, Steelite distributes such prominent brands as Mogogo, Rona 5-Star Glass, Bormioli Rocco, Rene Ozorio, Robert Welch, Royal Porcelain, Robert Gordon Pottery, WNK, Anfora, Delfin, and Strahl. Dual headquarters, located in New Castle, PA, and Stoke-On-Trent UK, along with a 500,000 square foot manufacturing facility and twelve showrooms worldwide, enables Steelite to service over 140 countries for more than 50 years. Steelite is committed to providing the best in functionality and design while minimizing the effect on our environment. For more information, visit www.steelite.com. For more information contact: Alison Clingensmith Director of Marketing Steelite International 724-856-4929 [email protected] |
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