Category Archives: German Kitchen Companies

Is it AL NO more…?

After being in difficult financial situations before (see our story from 2011) this time, the Alno Group may have reached the end of the line… Reported by Teleboerse, Alno AG is unable to pay back their €28,500,000. depth to the banks, on July 12th, the Alno Group was forced into a liquidation process. 

For years, the kitchen manufacturer Alno has been struggling with problems – now the company goes into insolvency. Alno AG will apply for insolvency proceedings in self-administration on account of the insolvency of the company, said the company, based in Pfullendorf in Baden-Württemberg. The Board decided to take this step, because negotiations with potential investors and creditors “could not reach an agreement at last,” a communication said.

Alno

Since the exchange in 1995, Alno has suffered losses every year, with only a few exceptions. In the first half of 2016, according to the company, these pretax taxes amounted to 28.5 million euros. It was only at the end of June that the company postponed the publication of its balance sheet for the entire fiscal year 2016 for the third time. Sales in the first five months of 2017 fell by 6.8 percent compared to the previous year.

After the announcement of the insolvency, the Alno stock fell by more than 50 percent to just under 0.14 cents on Wednesday morning and thus cost less than ever before. Alno has also issued a € 45 million SME loan, which will be due in 2018. The Protection Association of Capital Investors (SdK) expects investors to lose money as well. It is to be expected that bond creditors will be required to contribute to the financial rehabilitation of the company.

The restructuring program is to be continued

At the end of May, the group had surprisingly announced a change of boss: The previous Chief Executive Officer Christian Brenner – a representative of Alno’s major shareholder Tahoe Investors, behind which the Bosnian entrepreneur family Hastor stands – followed the previous CEO Max Müller.

The entrepreneur’s family, which caused headlines with the failed power takeover of the Bavarian car supplier Grammer, had taken over the scepter at the highly indebted company several months ago. The manufacturer had since then taken a new austerity plan and announced that the loss of 350 jobs in the administration would save millions. Over the past few years, the company has had several vacancies. How many are up to date, was initially unclear.

The restructuring plan, which was initiated at the beginning of the year, should now be continued within the framework of insolvency proceedings under the management of the existing Management Board, the company said. The competent District Court of Hechingen was initially unable to reach an opinion.

The subsidiaries Gustav Wellmann GmbH & Co. KG and Alno Logistik & Service GmbH would also be included in the insolvency application. All other domestic and foreign subsidiaries, including Pino Küchen GmbH, are not affected by this. The business continued to run unchanged.

The company was founded in 1927 in the workshop of carpenter Albert Nothdurft. Over the next 30 years, the company grew consistently and eventually moved to Pfullendorf, where it is still based today. In 1958 ALNO Möbelwerke GmbH + Co KG was officially founded. In the following decades the company achieved international recognition for its kitchens. In 1995 ALNO became a public limited company and one of Europe’s market leaders. Over 750 employees based at Pfullendorf ALNO factory.

Alno shares

EuroCucina – The Countdown Begins!

Saloni
EuroCucina 2016

 

We are just weeks away from the 52nd anniversary of Saloni (Tuesday, April 12th., to Sunday, April 17th.). A big part of Saloni, every other year (on even years) is EuroCucina. 

Created in 1974, the International Kitchen Furniture Exhibition runs concurrently with the International Bathroom Exhibition in the broader context of the Salone del Mobile.

EuroCucina showcases all the latest in the realm of high quality kitchens, responding to the escalating demand for functionality from increasingly savvy consumers. Its collateral event, FTK (Technology For the Kitchen), specialises in built-in appliances and cooker hoods, presenting the latest technology for “cooking” and living the kitchen space, embracing the innovative new dimension of “connectivity”.

 

2014 IN NUMBERS

23,813.25 DISPLAY AREA (sqm)

138 EXHIBITORS

357,212 VISITORS

311,781 OF WHICH TRADE OPERATORS

6 good reasons to visit EuroCucina:

  • 120 exhibitors on a surface of 23,000 m2 (EuroCucina), more than 40 exhibitors on 12,000 m2 (FTK)
  • Business: demand for kitchens has risen
  • Business: fertile ground for growing markets where large residential and hospitality contracts are being developed (USA, UK, China and some parts of the Middle East)
  • Top italian and international brands
  • Trends: cutting-edge innovation, technology and design
  • FTK: the connectivity that makes for intelligent homes

 

DATES AND OPENING HOURS

12-17 April 2016
9.30 am – 6.30 pm
Open to the general public on Saturday 16 and Sunday 17 April

VENUE

Milan Fairgrounds, Rho (Milan)
Entrance gates:
Porta Est, Porta Sud, Porta Ovest

How To Get There

PAVILIONS

9-11-13-15

FTK – Technology For the Kitchen occupies

a dedicated area in pav. 9-11

Map of Exhibits in Saloni
Map of Exhibits in iSaloni

The 10 Largest German Kitchen Companies

A few years ago, we published The 10 Largest European Kitchen Companies post. It became one of the most visited (and copied…) posts on our site and is still popular to date. Being that it is time to update it and the fact that in recent years, most of the largest kitchen companies in the world are German, we have decided to focus this time on the 10 largest German kitchen brands.

Here are the 2013 & 2014 numbers. The 2015 figures are just starting to come out now and we are able to post some of them (see below). We will update them as they become available, so please check in again for updated info.

The Largest Kitchen Factories In Germany

The 10 largest German kitchen companies

 

Interesting Points: the higher-end/higher price companies (Bulthaup, SieMatic and Poggenpohl) have a much higher percentage of their production, going to export than the others. Also interesting is the fact that in the last couple of years, the larger 5 companies are growing (some at a rapid paste), while the bottom 5 are staying at almost the same volume.

 

I know that many of you are going to ask me to rate the above 10, based on design and quality, so here is my selection. Please keep in mind that most of these companies have multiple lines, at different quality, price and customization levels. So this list is somewhat of an avarage of they different products:

1. Bulthaup

2. SieMatic

3. & 4. Poggenpohl & Häcker

5. & 6. Leicht & Alno (not incl. other brands in the group)

7. Schüller

8. 9. & 10. Bauformat, Nobilia & Nolte

 

We are going to add latest, updated numbers, as we get them, to the above 2014 numbers that have already been published.

  • The biggest news is that Nobilia (the world’s largest kitchen producer), just reported that they broke the 1 billion Euro mark in 2015! To do that, they produced 630,000 kitchens…
  • Alno‘s above numbers are the figures of the Alno Group, that consists of Alno, Wellmann, Pino, Impus and the Swiss company their purchased in 2013, Forster + Piatti.
  • Häcker has reported a very strong 2015, with a 15% increase over 2014, to 466 million Euro. They are reporting, in 2016, capacity of 850 kitchens per day.

 

Trade fair duo imm cologne and LivingKitchen – a complete success

146,000 visitors from 138 countries – a significant increase in visitors from abroad.

Cologne 2015 - Kitchen Living
The Cologne Kitchen Living Fair 2015

 

 

 

 

 

 

 

 

 

After seven days, imm cologne and LivingKitchen closed their doors with a very positive outcome on Sunday, 25 January 2015. 146,000 visitors from 138 countries came to the Cologne exhibition grounds, among them 102,000 industry visitors (99,000 industry visitors in 2013) from the national and international trade, meaning that the fair duo exceeded even its extraordinary performance of 2013.

Kitchen living, at The Cologne Fair 2015
Kitchen living, at The Cologne Fair 2015

 

 

 

 

 

 

 

 

 

 

 

“These figures prove that the international appeal of the two events in Cologne has grown even more and that the fair duo is, without a doubt, the most important platform for the domestic as well as the international market”, concludes Gerald Böse, President and Chief Executive Officer of Koelnmesse GmbH. “This is a great indication for Cologne as a trade fair location and confirms the effectiveness of imm cologne and LivingKitchen as a marketing tool”, he adds. Dirk-Uwe Klaas, Managing Director of the Federal Association of the German Furniture Industry, drew a similarly positive conclusion. “We already had very high expectations of the fair and even they were exceeded. We are happy about the increase in national and international industry visitors and are starting the 2015 furniture year very optimistically.” Hans Strothoff, President of the Federal Association of German Furniture, Kitchens and Furnishing Retailers summarised the outcome for the trade sector: “The fair was marvellous and exceeded retailers’ expectations.
imm cologne/LivingKitchen is the most important fair in the world for the trade”.

Kitchen Living - 2015. Cologne, Germany
Kitchen Living – 2015. Cologne, Germany

 

 

 

 

 

 

 

 

 

 

 

 

 

This year, imm cologne and LivingKitchen presented themselves as very international events. Of the 102,000 industry visitors, around 56,000 came from Germany and approximately 46,000 from abroad (an increase of 13 per cent). In total, the percentage of visitors from abroad was 45 (based on industry visitor days).
Within Europe, increases in visitor figures were recorded in particular from Spain (up 27 per cent), the UK (up 20 per cent), Italy (up 11 per cent) and the Netherlands (up 13 per cent). Visitor figures from France, Scandinavia and Poland also showed good growth and off set the politically induced fall off in visitors from Russia. Significant increases could also be seen in industry visitor figures from China (up 32 per cent) and from the US (up 47 per cent).
“The excellent levels of visitor attendance from abroad meant we were able to strengthen our exhibitors’ export businesses. Italian companies, for instance, did some very good business here in Cologne with German retailers as well as with those from abroad”, says Katharina C. Hamma, Chief Operating Officer of Koelnmesse GmbH. 44,000 consumers took advantage of the open days to find out about the trends for the coming season.

Cologne Fair
Zeyko Kitchens at Kitchen Living

 

 

 

 

 

 

 

 

 

LivingKitchen closes with good results
In parallel with the world’s most important furnishing fair imm cologne, international kitchen event LivingKitchen took place this year. After 2011 and 2013, LivingKitchen once again proved to be a powerful attraction.
Its strong appeal could be felt not just in Germany, the home of the kitchen, but also far beyond the country’s borders. For seven days, 215 exhibitors from 22 countries showcased their innovative drive, high design standards and quality. With the proportion of visitors from abroad at 45 per cent, the event once more proved to be very international. “We are extremely satisfied with LivingKitchen 2015, in particular with the increase in the number of industry visitors from Germany and abroad as well as the media coverage on the topic of kitchens surrounding the fair. We are hopeful that this will generate positive momentum for the entire kitchen industry”, says Kirk Mangels, Managing Director of the Working Group AMK (Arbeitsgemeinschaft Die Moderne Küche e.V./Modern Kitchen), in summary. This year, LivingKitchen not only followed on seamlessly from its success in 2013, but significantly improved on the key figures in many areas. Innovative presentations by manufacturers, world premieres of new kitchen furniture, household appliances, accessories and cooking shows with a celebrity factor – the outstanding mix of everything connected to kitchens and cooking ensured steady levels of visitors on all days of the fair as well as satisfied exhibitors.

Gaggenau Appliances - Kitchen Living, Cologne, 2015
Gaggenau Appliances – Kitchen Living, Cologne, 2015

Recession winds are blowing in the kitchen…

We already know that the kitchen industry is not recession proof. Though most companies have held up pretty well so far, we are starting to some some cracks in the road to recovery. Some are pretty wide and deep…

The companies who seem to be effected the most, by the world recession, are a few of the largest companies. Perhaps their sheer size, makes it so much harder to adjust to though times and make the unnecessary adjustments quickly.

If you look at the 10 largest European Companies, you can see the effect of the global economy – Nobia, the largest European kitchen group (at least in 2009), already sold off  Pronorm in 2010 and  is now reported to pull out their Poggenpohl brand from the up coming Eurocucina

 

 

 

 

 

 

One other German industry giant – the Alno Group, is also reported to be in rough waters. The ever so needed capital, from new Swiss investor, Mr. Max Muller is hopefully going to help the company who has reportedly have gone through several changes in middle and upper management lately and allegedly is in the middle of a pending law suit by the previous CEO over compensation.

 

 

In Italy, the recent bankruptcy of the 50+ year old Salvarani and the rumors of many brands in financial difficulties have the industry in buzz…

 

 

It will be very interesting to see what the Milan Fair  and the Eurocucina show will look like next April. Rumor has it that Cosmit, who is the organizer of the show,  is working very hard on convincing companies to return to the show next year.