Franke Group: Company Market Research Report
Company Overview
Company Name: Franke Group
Mission: "We transform change into opportunities to shape a better living."
Founding Information:
- Founded: 1911
- Founder: No information available
Key People:
- CEO: Patrik Wohlhauser
- CHRO: Beat Sigrist
- CFO: Walter Scherz (appointed in 2024)
Headquarters: Aarburg, Switzerland
Number of Employees: Approximately 8,000
Revenue: No information available
Company Specialization: Franke Group is known for being a leading global supplier of products and services for domestic kitchens, foodservice systems, convenience store sectors, and professional coffee making.
Products
Home Solutions
Product Offerings:
1. Complete Kitchen Systems: Smart systems for residential kitchens.
- High-level Description: Integrated solutions that enhance the cooking and food preparation experience.
- Key Features:
- Focus on maximizing water and air quality.
- Designs promoting wellness, durability, and sustainability.
Foodservice Systems
Product Offerings:
1. Kitchen Facilities and Equipment: Products for quick-service restaurants, convenience stores, and supermarkets.
- High-level Description: Comprehensive kitchen solutions from a full system manufacturer.
- Key Features:
- System manufacturing and distribution.
- Customized equipment supplies.
- Program management partnerships.
Coffee Systems
Product Offerings:
1. Professional Coffee Machines: State-of-the-art solutions for professional coffee making.
- High-level Description: Machines designed to deliver premium-quality coffee experiences.
- Key Features:
- Best-in-class in-cup-quality.
- Consistent beverage variety.
- Innovative designs ensuring a superior customer experience.
Recent Developments
New Appointments and Organizational Changes
1. Chief Financial Officer: Walter Scherz appointed CFO in 2024.
2. Board of Directors: Martin Klöti appointed in 2024.
Partnerships and Acquisitions
1. WESCO Acquisition: Franke acquired WESCO, a premium provider for kitchen extractor hoods and air filtration, in September 2024.
Financial Performance
1. Fiscal Year 2023: Franke stayed on track and successfully completed the fiscal year 2023 displaying a solid performance in a difficult market environment.
Sustainability Initiatives
Ambition: To reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2020 base year.
Key Achievements:
- 24.3% reduction in scope 1 and 2 CO₂ emissions compared to 2021.
- 59% of electricity consumption produced from renewable sources in 2022.
Employee Development
1. Graduate and Early Career Program: Launched in 2021 to support young graduates.
2. Training Initiatives: 2,422 LinkedIn Learning courses completed by employees in 2022.
Product Innovations
1. Sustainable Packaging: Project initiated in 2021 to switch packaging materials for granite sinks from Styrofoam to cardboard, aligning with sustainability goals.
Conclusion
This report provides a comprehensive overview of Franke Group, focusing on its company structure, product offerings, recent developments, and sustainability initiatives. The group's continuous efforts in innovation, employee development, and environmental responsibility are key highlights demonstrating its commitment to growth and sustainability in a dynamic market environment.
