Lube Group further underlines its growing importance in the Italian and international markets, by supporting new projects and initiatives
Lube Group experienced a substantial growth during 2015 and confirmed its leading status in the national and international kitchen sector markets. This success stems from a carefully planned sales strategy that generated accurate consumption forecasts.
The company ended 2015 with a turnover of € 174,500,000, up 15% from the previous year. This exceptional double-digit growth is quite unusual in a sector still battling to recover, which will end 2015 with virtually the same growth as 2014.
Lube Group's extraordinary results are also due to the important success of Creo Kitchens which, in spite of the general economic situation, managed to double its figures thanks to the adoption of a new sales-distribution approach. Other crucial factors were the investments for supporting customers in trade fair stands and single-brand stores, with 68 stores opened or renewed and over € 5,250,000 spent for outfitting 18,500 m2 of stands.
Excellent results were also achieved abroad, where Lube Group strengthened its presence by inaugurating new single-brand stores in over 70 countries worldwide, amounting to a total export value of € 17,900,000.
‘This is the right time to believe in our ideas and keep on investing’, commented Fabio Giulianelli, the Sole Director, ‘We achieved important results and introduced substantial innovations as we gear up for the future’.
Many new additions are scheduled for 2016, which will be unveiled during the Eurocucina – Il Salone del Mobile 2016 trade fair. Lube Group therefore intends to confirm its increasingly international dimension for this year as well, by pursuing the path of growth.