Electrolux Professional’s ‘total solutions’ approach to foodservice and laundry has seen it become a trusted provider to some of the biggest businesses in the hospitality industry.
The company’s annual accounts actually separate out the sales and profits for the catering equipment and laundry units, which is helpful in providing an accurate picture of how each one has performed.
For the purposes of this report we have only used the foodservice equipment figures, not laundry. In 2016, sales of foodservice equipment grew a healthy 13% to £20.5m.
Operating profit for the division reached £1.8m versus £2.2m the year before, with a decline in operating margin to the tune of three percentage points attributed to price pressures in the market.
Directors of the firm said 2017 would be shaped by the launch of new products and services, and that has certainly been evident.
Note that if we were to have included the laundry business, Electrolux Professional would rank as the sixth largest player on this list, with 2016 revenues of £33.6m and an operating profit of £3.1m.
2016 Vital Statistics
Turnover: £20.51m (+13%)
Operating profit: £1.81m (-16%),
Employees: 71 (Total)
Ownership: The ultimate parent and controlling party is AB Electrolux, incorporated in Sweden
Financial year end: 31 December