Miele achieved a turnover of 3.71 billion euros in the 2015/2016 financial year ending June 30th, 2016. This is 224 million euros or 6.4% more than during the previous year. In Germany, the company reached sales of 1.1 billions, representing an increase of 6.9%. Outside Germany, sales grew by 6.3%, whereby notable gains were reported in USA, Australia, Great Britain and China. In Russia, despite political instability and currency drops, sales were maintained on a par with the previous year in local currency. In Southern Europe, the upward trend was consolidated, despite the continuing debt crisis. Miele’s Professional business unit, comprising laundry technology, commercial dishwashing, disinfectors and sterilisers for medical applications and laboratories, achieved sales of 476 million euros. This amounts to a year-on-year increase of 27 million euros or 6% compared with the previous year. Besides, during the past business year the Miele Group invested 184 million euros: this represents 34 millions, or 23%, more than in the previous year. “This significant increase – the company explains – is the result of investments in the development of new model series, extension and conversion work at various production locations and an expansion of sales and logistics facilities in GĂĽtersloh. The latter includes an extension of the high-bay distribution warehouse, a newly built central spares store and a new office wing. New or completely refurbished showrooms were inaugurated in metropolises such as Beijing, New York, Miami, Johannesburg, Vilnius, Bucharest, London and Vancouver”.
