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Business

Published on February 14th, 2020 | by The GC Team

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Miele reports 3.2% rise in turnover

German company Miele, which announced the restructure of its business last October, with the loss of around 1,070 jobs, has posted turnover of €2.24 bn for the second-half of 2019 – 3.2% up on the previous year.

The firm reported that large European markets in particular contributed to the positive development in sales, citing those such as Austria, Switzerland, the Netherlands, Italy and, “after a long Brexit-related dry spell”, Great Britain.

The publication of the half-year figures at this time is due to the fact that the Group has changed its business year to coincide with the calendar year.

As reported last October, the business has undergone reorganisation, with eight independent business units, remapped sales territories and a new location devoted to digital marketing which is currently being set up in Amsterdam.

Miele said the product groups which contributed most to sales growth were washing machines, tumble dryers and vacuum cleaners. Above-average growth during the reporting period was recorded by Miele Professional, with machines and services for commercial operations, medical facilities and laboratories, and its Italian medical technology subsidiary Steelco. In total, Professional turnover grew by more than 4%.

As of 31st December, the Miele Group had 20,478 employees on its payroll, 163 more than in the previous year. In Germany, the workforce declined by 209 to 11,061 on the previous year.

Pictured: The Miele Group Executive Board (left to right) – Dr. Stefan Breit (Technology), Dr. Markus Miele (Executive Director and Co-Proprietor), Olaf Bartsch (Finances and Administration), Dr. Reinhard Zinkann (Executive Director and Co-Proprietor) and Dr. Axel Kniehl (Marketing and Sales).

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