2011
The Franke Artemis Group generated net sales of CHF 1,204.3 million in the first half of 2011, which corresponds to organic growth of 4.9%. The earnings situation remained stable. The strong Swiss franc had a major impact on the bottom line.
Franke Holding AG, a company of the Franke Artemis Group, has concluded an agreement with Ardutch B.V., a company of the Turkish Arçelik Group, concerning the sale of the entire issued share capital of Defy Appliances (Proprietary) Limited ("Defy"), the leading home appliances manufacturer in Southern Africa.
The Franke Artemis Group achieved net sales of CHF 2,419.6 million in 2010. Its organic growth was +4.1%, while net profit doubled compared to the previous year.
Celebrating its 100th anniversary this year, Franke will be using a high profile celebrity to reinforce the transition from trade driven product supplier to aspirational consumer lifestyle brand: Heidi Klum. Franke has chosen this route as a commitment to raising the standards of home style.
The Franke Artemis Group reached organic sales growth of 4.1% in 2010 compared to the previous year and generated net sales of CHF 2,419.6 million. It was possible to greatly improve the earnings situation.
What began 100 years ago as the “Spenglerei Hermann Franke (plumber’s workshop)” in Rorschach (SG) is today – three generations later – a global Swiss company group comprising 70 companies and around 11,000 employees. Franke, whose products are used in more than 100 million household kitchens, is entering into a close cooperation with the Eidgenössischen Technischen Hochschule Zürich (ETH Zürich: Swiss Federal Institute of Technology Zurich) on its 100th birthday. In addition to the award of two scholarships, the “Franke – ETH Zurich Excellence Scholarships”, the company is also supporting the Strategic Fund of the ETH Zurich. Several festivities are also planned, including an event for domestic and foreign guests in Lucerne and an employee event at Franke’s headquarters in Aarburg.
Hergiswil, 17 January 2011: Artemis Beteiligungen III AG, a company controlled by Franke Artemis Holding AG, respectively by Michael Pieper, is currently the largest shareholder of Feintool International Holding AG with a 33% stake. Today Artemis Beteiligungen III AG has submitted a pre-announcement for a public tender offer for all the outstanding registered shares of Feintool International Holding AG. Artemis Beteiligungen III AG offers CHF 350 net per registered share of Feintool International Holding AG.