Further growth at V-ZUG AG
January 22, 2008 | by V-ZUG AG
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January 22, 2008, Compared to the previous year, V-ZUG AG achieved an increase of 4,0 % in 2007 with sales of CHF 412,5 million in an improved economy. These numbers do not include the sales of the subsidiaries (Gehrig Group AG and SIBIR Haushalttechnik AG with a total of CHF 62,6 million). In particular, the Combi-Steam SL with its world-exclusive gourmet steaming feature, the Adora dishwasher and the new Adora line of washers and dryers with its world-exclusive steam anti-crease setting have contributed greatly to this successful development. In addition, the MinairComfo range hood, which was introduced as a world innovation, quickly garnered high attention on the market and received the 2007 Innovation Award at the Building and Modernizing trade fair in Zürich. With this growth, V-ZUG AG was able to regain market shares in a very competitive market and further solidify its leading position on the Swiss market.
Initial successes are already visible in the area of exports. Further agreements could be concluded and by now one in six Combi-Steam steamers and more than 80% of its built- in coffee makers are now being exported. Just as in the past, only the best of the best high end products are being exported.
Outlook Despite the continued good condition of the Swiss economy and the somewhat friendlier consumer attitudes towards purchases, it is likely that, in Switzerland, the total demand for household appliances will stagnete in 2008, mainly due to the most likely weakened new housing market. In 2008, as well, V-ZUG AG will solidify its leading position on the market with important innovations, in particular in the Laundry Room area and will continue to increase its successful investment activities.
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Source: V-ZUG AG, Press release