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Ariston Thermo Group of Companies is one of the manufacturers of water heating, heating and climatic equipment. Ariston Thermo Group produces a full range of heating and hot water supply equipment: water heaters, gas boilers, solar collectors and components.
Products
Ariston Thermo Group offers a wide range of products, systems and services under the brands Ariston, Elco, Chaffoteaux, Atag Heating and Racold. The main focus of the company is energy efficiency: Ariston's technology solutions are based on the use of renewable energy sources (solar collectors and heat pumps); in addition, Ariston is actively working to improve the efficiency of traditional products (such as boilers and water heaters) and is investing in new projects, developing additional applications and services. When manufacturing equipment, Ariston Thermo Group always strives for an optimal combination of comfort, energy efficiency and environmental care.
Business in Russia
2025: Cancellation of temporary management of Gazprom's structure and resumption of household appliances production in Russia
At the end of March 2025, it became known about Ariston's decision to resume work in Russia and regain control over local assets. This happened after President RFVladimir Putin signed a decree canceling the temporary administration previously transferred to Gazprom structures. We are talking about the Ariston Termo Rus enterprise, which will continue to produce products in Russia in the same format.
In a published press release, Ariston announced the company's intention to regain control over the Russian structure and continue the operation of the enterprise in compliance with all Western sanctions. Ariston Group Executive Chairman Paolo Merloni expressed satisfaction at the restoration of full ownership and operational control of the asset, suggesting that such a decision by the Russian authorities reflects "appreciation for decades of responsible investment and management."
It is important to emphasize that the resumption of work under the control of the Italian company is not the return of the brand that left Russia after 2022, as was presented in some Russian media. Ariston continued to work in the country and did not declare intentions to leave the Russian market even after the transfer of assets to the temporary management of the Russian side.
The decree on the transfer to the interim management of Gazprom Household Systems JSC of the Ariston Termo Rus structure was signed by the President of Russia on April 26, 2024. The decision was made in accordance with the decree of 2023, according to which the head of state received the right to transfer the assets of foreign companies in Russia to the external management of domestic structures.[1]
2024
Reduction in annual revenue by 6% to RUB 8.91 billion
At the end of 2024, the manufacturer of household appliances, Ariston Termo Rus LLC, a Russian subsidiary of Ariston Thermo S.p.A., recorded revenue of 8.91 billion rubles, which is 6% less than a year earlier (9.48 billion rubles). This is stated in the financial report published on February 27, 2025.
In 2024, the net profit of Ariston Termo Rus reached 291.54 million rubles. For comparison, a year earlier this value was 33.03 million rubles. Thus, almost nine-fold growth is shown. Profit from sales on an annualized basis rose from 310.17 million rubles to 375.06 million rubles, that is, by 21%. Gross profit increased year-on-year from 2.21 billion rubles to 2.48 billion rubles.
The published report says that in 2024, Ariston Termo Rus incurred commercial expenses in the amount of 1.69 billion rubles against 1.38 billion rubles a year earlier. At the same time, management expenses decreased from 518.74 million rubles to 418.82 million rubles. The cost of personnel remuneration on an annualized basis rose by 17%, amounting to about 714 million rubles.
In 2024, the manufacturer recorded a pre-tax profit of 390.51 million rubles, while a year earlier the result was 96.22 million rubles. Income tax amounted to 98.97 million rubles against 63.19 million rubles at the end of 2023.[2]
Transfer of the company to the temporary management of Gazprom Household Systems JSC
In April 2024, the president Russia Vladimir Putin signed a decree on the transfer to the temporary management of JSC "Gazprom household systems" of Russian "subsidiaries" Ariston and. BSH Hausgerate
The company has been represented on the Russian market since 1995. Since 2005, the Ariston Thermo Group plant for the production of storage water heaters has been operating in Vsevolozhsk, Leningrad Region.
The Russian representative office of the Ariston Thermo Group - Ariston Termo Rus LLC - offers Ariston, Rendamax, Elco, Ecoflame products on the Russian market.
History
2018:8 million devices sold. Turnover 1.61 billion euros
At the end of 2018, Ariston Thermo Group sold more than 8 million devices and 34 million components in more than 150 countries, the total turnover amounted to more than 1.61 billion euros. In 2018, the company invested more than 89 million euros in research and development: 23 R&D production centers operate in 14 countries. The company employs more than 6,800 employees; the group owns 66 companies and 5 representative offices in 40 countries. 27 Ariston production sites are present in 15 countries.
2016:7 million devices sold with a turnover of 1.43 billion euros
At the end of 2016, Ariston Thermo Group sold more than 7 million devices in more than 150 countries, the total turnover of the company amounted to more than 1.43 billion euros. It employs more than 6,900 employees; the group owns 59 companies and 8 representative offices in 36 countries. 20 Ariston production sites are present in 12 countries.
The total turnover of Ariston Thermo Group in 2014 amounted to 1.34 billion euros. In 2014, 22 companies in 12 countries produced 7.4 million units. Ariston Thermo Group has 6,600 employees; The group owns 53 companies and 5 representative offices in 32 countries, and its distribution network covers over 150 countries.
Notes
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