KBzine: the original kitchen and bathroom industry e-news - since 2002
11th August 2017
We strongly recommend viewing KBzine full size in your web browser. Click our masthead above to visit our website version.
Amica up again! UK contributes most dynamic growth - up 50%
In 2014, Amica Group grew its sales revenue up 22% year on year to PLN (Polish Zloty) 2,028,295,000. EBITDA (earnings before interest, taxes, depreciation, and amortization) and profitability have grown in line with the main increases in revenue recorded in the home market of Poland, along with Germany and in the markets of southern Europe.
The UK contributed some of the most dynamic growth up more than 50% over the same period.
During 2014, the Amica Group began selling its ranges of built-in and freestanding appliances in new markets such as Spain, Portugal, Iran, Iraq, Morocco, Vietnam and Australia. Significant growth of built-in categories; cooling, ovens and hobs, as well as freestanding cookers, was a key factor for growth in all markets despite extremely variable macroeconomic circumstances in Eastern European markets and the Russian currency depreciation.
Simon Freear, country manager for the UK & Ireland explains: "The independent electrical and kitchen retailer has been loyal to Amica over recent years. By building on this solid foundation with new products, technology and services, the brand is now in a position to grow exponentially on the groundworks we have all worked so hard to lay. Consumer awareness is growing and with the new extended range of induction hobs, hoods and a new suite of cooking products including double ovens in all fuels, the brand is poised to achieve great things in the UK and Ireland."
Amica UK has recently announced a new strategic distribution partner for Ireland and was selected from all the countries across the world to host the company's annual global conference. Amica is also at IFA again this year.
"The UK is a very important market to Amica and those doing business with us can expect exciting things during 2015/16," says Simon.
Image: Double ovens from Amica - purpose made for the UK consumer, launched earlier this year.
4th September 2015