PROFILE |
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Candy spends every day cooking food, cleaning carpets, doing laundry, and washing the dishes without complaint. The company makes about 1,400 models of major appliances, which it sells around the world. Its brands include Candy, Hoover, Rosieres, and Iberna, which sell throughout Europe, and others that are country-specific such as Kelvinator (Italy, UK), Otsein (Spain, Portugal), Gasfire (Italy), Zerowatt (Italy, Greece, Eastern Europe). The company has reduced its dependence on its founding product line, laundry equipment, to about 35% of sales. About 80% of Candy's sales are in Europe. The founding Fumagalli family owns and runs the company.
COMPETITION |
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AB Electrolux (ELUX)
Merloni Elettrodomestici S.p.A. (MER)
Whirlpool Corporation (WHR)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 465.90
1-Yr. Sales Growth: (60.9)%
Employees: 6,700
Revenue per employee: $69,537.31
KEY PEOPLE |
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Peppino Fumagalli
CEO
Silvano Fumagalli
CFO
CONTACT INFO |
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Via privata Eden Fumagalli
20047 Brugherio Milano, Italy
Phone: 39-039-20-861
Fax: 39-039-20-862-37
Online: Web Site
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