Energy & Utilities
Still burning brightly Italy’s Sabaf, a global leader in components for household cooking appliances, continues to see strong growth even in the current market conditions
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espite the difficult circumstances experienced across European industry during the pandemic, Italy’s Sabaf Group has been able to announce revenues for the third quarter of 2020 of €47.2 million, 16.8 per cent higher than €40.4 million of the third quarter of 2019. In the first nine months of the year, preliminary sales revenues totalled €125.4 million, up by 8.8 per cent over the same period of
2019. This performance reflects the company’s success in launching new gas burner supplies to strategic customers on a global scale and marks the peak of a design and industrialisation strategy that has been implemented at the Group in the last two years,. In 2019, the Group invested €10.5 million to acquire 68.5 per cent of the Italian company C.M.I. s.r.l., one of the main players in the design, production, and sale of hinges for household appliances
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