What's new from Franke
Franke is a company that never stands still. Here you can find the latest news.
Franke Group strengthens its Board of Directors
Aarburg, October 18, 2018 - On October 17, 2018, the General Meeting of Franke Holding AG elected three new members to the Board of Directors of the Franke Group: Alexander Pieper, Patrick Naef and Dr. Michael Reinhard. The Chairman, Thomas A. Erb, and two other members will resign at the Ordinary General Meeting in spring 2019. Christian Mäder will become the new Chairman, and Alexander Pieper the new Vice Chairman. The changes will lead to a rejuvenation of the Board of Directors, and the appointment of Alexander Pieper will ensure the long-term succession of the owner family.
Artemis Group: Stable sales growth in the first half of 2018
Aarburg, August 28, 2018 - In the first half of 2018, the Artemis Group generated net sales of CHF 1,499.1 million with its Franke Group, Artemis Real Estate Group, Feintool Group and Artemis Asset Management Group activities – recording a significant increase of CHF 128.0 million or 9.3% over the same period of the prior year. This represents organic growth of 5.4% compared to the prior year, with exchange rate effects amounting to +2.7% and acquisition effects to +1.2%.
Franke opens state-of-the-art production facility for colored synthetic sinks in Slovakia
Aarburg, July 11, 2018 - Franke Group has consolidated global synthetic sink production in its Franke Kitchen Systems division. The new state-of-the-art production facility and Competence Center are located in Strečno, Slovakia. The total investment in the construction of the new site amounts to approx. CHF 42 million. Production commenced on June 28, 2018.
Year-End Result 2017 – Artemis Group Achieved Good Sales Growth
Aarburg, May 29, 2018 - Nearly all the activities of Artemis Group benefited in the 2017 fiscal year from the positive overall economic situation and achieved a good sales growth, even though some of the key markets for the Group, such as Turkey and Southeast Europe, were affected by economic or political uncertainties. Profitability posted a less pleasing performance. The operating result (EBIT) fell slightly due to higher costs, e.g. for the expansion of sales structures. Cash flow and profits after tax improved, however, in the wake of the positive financial results. The strong financial position, characterized by a high equity ratio and low net debt, remained unchanged.
Patrik Wohlhauser appointed new CEO of the Franke Group
Aarburg, March 14, 2018 – Change at the top management level of the Franke Group: CEO Alexander Zschokke has decided to leave Franke due to different opinions about the further development of the company. His successor Patrik Wohlhauser takes over the leadership of the Franke Group as of March 19, 2018.