Miele increases turnover by 3.2%

25 February 2020

INCREASED TURNOVER: The Miele Group Executive Board (from left): Dr. Stefan Breit (technology), Dr. Markus Miele (executive director and co-proprietor), Olaf Bartsch (finances and administration), Dr. Reinhard Zinkann (executive director and co-proprietor) and Dr. Axel Kniehl (marketing and sales) (Photo: Miele)

 

GERMANY

In the second half of 2019, the Miele Group achieved a turnover of € 2.24 bn – 3.2% more than in the previous year.

Amongst the product groups, above all washing machines, tumble dryers and vacuum cleaners contributed most to sales growth. In laundry care, numerous detail improvements ensure increased user convenience. These include shorter programme cycles, the ability to add forgotten items of laundry at any time throughout the cycle and even the energy-efficient washing of individual garments.

Above-average growth during the reporting period was recorded by Miele Professional with machines and services for commercial operations, medical facilities and laboratories, and its Italian medical technology subsidiary Steelco. Steelco is in charge of the aspiring hospital project business within the Miele Group. Compact commercial washing machines and dryers for small businesses (Little Giants), which have been on the market since last year with a completely new model series, represent a further growth driver. In total, Professional turnover grew by more than 4%.

The new production plant for washing machines, built by Miele in the Polish town of Ksawero´w, has commenced operations on schedule. Miele Venture Capital GmbH, which brings together Miele's stakes in promising start-ups, has further expanded its activities.

A new subsidiary was added to the portfolio. Miele Operations & Payment Solutions GmbH offers a unique, app-based solution covering the furbishing, organisation, servicing and billing in shared laundry facilities (appWash). This is aimed for example at student hostels, housing associations, multi-unit dwellings, campsites and launderettes.

 



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