What's new from Franke
Franke is a company that never stands still. Here you can find the latest news.
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.
Gianluca Mapelli New Chief Operating Officer of the Franke Group
Aarburg, January 8, 2018 – The Franke Group has appointed Gianluca Mapelli as its new Chief Operating Officer and member of the Group Management Board. Gianluca Mapelli replaces Lukas Burkhardt, who is leaving Franke at his own request to pursue new challenges.
Franke Foodservice Systems Acquires Facility Solutions, Inc., a Project Manager for Nationwide Chains
Smyrna, January 4, 2018 – Franke Foodservice Systems, the global equipment and supplies solutions provider based in Smyrna, Tennessee, announced the acquisition of Facility Solutions, Inc. (FSI), a project management firm serving national restaurant and retail chains.
Franke Assigns New Division 'Faber' for Extractor Hoods and Cooking
Aarburg, September 6, 2017 – The Franke Group, based in Aarburg, Switzerland, will launch its own division, 'Faber', for hoods and cooking on October 1, 2017. The new business unit bundles the product segments of extractor hoods, hobs, and ovens under the direction of Ettore Zoboli. The aim of the Franke Group is to establish the new division as the leading provider of extractor hoods and cooking in the various channels. In particular, Franke aspires to expand the world's leading market position of Faber as an OEM producer and as a producer for the Faber and Franke brands. This also strengthens the Franke Group as a global competitor.
State-of-the-Art Logistics Center Breaks New Ground
Bad Säckingen, August 16, 2017 – In an official groundbreaking ceremony, Franke has ushered in the active construction phase for its new Logistics Center at the Bad Säckingen site. By the end of 2018, the Franke Group will expand its existing Logistics Center on the premises of Franke GmbH by a fully automated high-bay warehouse for the divisions Franke Kitchen Systems and Franke Water Systems. Automated storage and dispatch preparation will ensure a significantly more efficient and flexible flow of goods in the future, improving the service level for customers.
Franke Acquires Majority Stake in Elikor, Russia's Leading Provider of Extractor Hoods
Aarburg, June 1, 2017 – The Franke Group, headquartered in Aarburg, Switzerland, has purchased a majority stake in Elikor LLC, the leading provider of extractor hoods on the Russian market. The aim of the Franke Group is to effectively use the expertise of its Italian subsidiary Faber S.p.A., one of the world's largest developers and manufacturers of cooker hoods for household kitchens. Faber, a cooker hoods business unit within the Franke Group, will work with the Kaluga-based company to further strengthen the position of Elikor in Russia and the current product range of high-quality extractor hoods both in modern and traditional design.