In 2017 Candy Group reached consolidated revenues of 1.148 billion euros, further improving the 2016 results. In addition to the consolidated revenues, up 14% compared to 1.006 billion in 2016, with a operating EBIT of 3.8% (equal to over 44 million euros), Candy recorded a further increase in the European market share: it obtained, compared to 2016, an increase in the MDA market share equal to +0.4%. The net result was positive for 2.2 million euros. The Group’s turnover is mainly achieved within the European borders, with the UK (21%), France (18%), Italy (17%), the Iberian Peninsula (6.5%) and Germany (4.5%) that play a primary role together with Russia, which is currently growing strongly. Candy confirms its turnover targets: 2 billion euros by the next four years. Candy Group’s success factors continues to be the high technological know-how and the innovation. To support this strategy, the Group recently inaugurated a new production unit in Turkey dedicated to the production of smart dishwashers and based on the Industry 4.0, with a production capacity of 800,000 pieces/year and with a total investment of 15 million euros. In addition to increasing the company’s competitiveness, the project will provide important indications in the development of technologies such as IT, robotics and Big Data, giving a further boost to the research and development activities of the Candy Group. This project will progressively allow the company to detect, collect, monitor and analyze the data coming from the finished products, with particular attention to the electronic components and connectivity, in order to create a complete data set of information on the performance and quality of the machines to anticipate and correct any anomalies. The Candy Group’s 2017-2019 business plan includes 105 million investments to continue to support the innovation and growth, as well as further investments specifically dedicated to marketing and communication.
