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Home > Company Index > Consumer Products-Durables  > Appliances > El.Fi Elettrofinanziaria S.p.A.

El.Fi Elettrofinanziaria S.p.A.
 PROFILE
Wash day is every day at El.Fi Elettrofinanziaria. About 70% of El.Fi's sales come from its Brandt household appliance subsidiary. Brandt's washing machines, ranges, refrigerators, freezers, and related products are sold mostly in Europe under brands such as Brandt, De Dietrich, Ocean, Polar, Thermor, and Thomson. El.Fi's other units are involved in commercial refrigeration and residential heating and air conditioning. The firm is owned by the Nocivelli family; brothers Luigi and Gianfranco started the holding company in 1973 to buy appliance manufacturers. El.Fi is merging its Brandt unit with French small appliance firm Moulinex; El.Fi owns about 74% of Moulinex as a result of the merger.

 COMPETITION
AB Electrolux (ELUX)
Merloni Elettrodomestici S.p.A. (MER)
Whirlpool Corporation (WHR)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,906.40
1-Yr. Sales Growth: (16.0)%

 KEY PEOPLE
• Luigi Nocivelli
    CEO

 CONTACT INFO
7, Viale Europa
25028 Verolanuova Brescia, Italy
Phone: 39-030-9367-400
Fax: 39-030-9920-352
Online: Web Site

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