Miele increases turnover by 2.2%

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German manufacturer Miele has reported turnover of € 3.22 bn in the 2013/14 financial year ending on June 30, 2014. This amounts to a year-on-year increase of € 69 m or 2.2%.

The year also marked the largest product and innovation offensive in the company’s history, with Miele renewing virtually its entire range of domestic appliances in the market.

Miele co-proprietor and executive director Dr Markus Miele commented: “At this point, Miele is well positioned to achieve further growth with respect to turnover, unit sales and market shares, even under less favourable market conditions.”

High res Miele Logo

In product terms, Miele is reportedly benefitting from the worldwide introduction of the new 6000 (built-in appliances) and W1/T1 (laundry care) generations. May also saw the launch of Miele’s first robotic vacuum cleaner, the Scout RX1.

Miele also says that IFA 2014 will see the launch of new flagship washing machines and tumble dryers. At the same time, the company is to present a completely restructured vacuum cleaner range in compliance with the new EU energy labelling legislation.

The company announced that as per June 30, 2014, Miele employed a staff of 17,660 around the globe. This corresponds to an increase in the size of the workforce of 409 or 2.4%. In Germany, 10,411 employees are on the Miele payroll (up 0.3%).

During the past business year, the Miele Group invested to the tune of € 188 m. The focus during the year under review was the modernisation of production plant and equipment at several production facilities, new office premises and the extension of the central high-bay transshipment warehouse at the company’s headquarters in Gütersloh. Work on increasing the capacity of logistics at Miele Gütersloh will continue to be a focus of investment in the now current 2014/15 business year.

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