The Board of Directors of CAREL Industries S.p.A. has approved the results as of 31 December 2022.
Francesco Nalini, CEO of the Group, commented: "In a scenario as complex as the one of the last three years, the Group expressed all its ability to adapt to unexpected situations and sudden changes. The year 2022 ends with record breaking consolidated revenue growth close to 30% (+18% organic), which is even more significant when added to the +27% recorded in 2021; this result, also thanks to the operating leverage factor, was reflected in the profitability, understood as EBITDA as a percentage of revenue (EBITDA margin), which stood at 20.5%, slightly higher than the previous year.
Growth and profitability positively impacted the robust cash generation, part of which was used for the development of M&A activity. Four transactions were completed during the year, enabling CAREL to strengthen its national and international presence in key sectors such as ventilation, sensors and services.
The performance just mentioned is part of a strategic framework increasingly oriented towards a sustainable vision of success, as evidenced by the adhesion to the UN Global Compact and the recognition by several ESG rating companies of the improvements achieved during 2022. These improvements have enabled the Group to be included in the 'ESG leader' category by MSCI, one of the world's leading 'ESG rating providers'.
The year 2022 was therefore a complex but rewarding year and marks a substantial doubling of the size of CAREL compared to 2018, the year of listing. In less than a five-year period, we have succeeded in becoming bigger, more resilient, efficient and sustainable, and can therefore proudly celebrate our first 50 years! In 2023, in fact, CAREL will turn half a century old, half a century of innovation, development and growth. Half a century that does not represent a point of arrival but a starting point to take up and win the challenges of tomorrow."
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The CAREL Industries Board of Directors has approved the consolidated results
Mon Mar 06 09:31:17 CST 2023
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Editor: Amanda
CAREL Industries S.p.A. has approved the consolidated results
The Board of Directors of CAREL Industries S.p.A. has approved the results as of 30 September 2023. Francesco Nalini, CEO of the Group, commented: "The first nine months of 2023 closed with revenue growth of 24% or 12.7 % on alik e-for-like basis and......
CAREL Industries approved the consolidated results growth of 18.9% compared of 2018
The Board of Directors of the Group CAREL Industries approved the consolidated results as at 30 September 2019 with consolidated revenues of € 247.7 million, growth of 18.9% compared to the first nine months of 2018 (+17.9% based on constant exchange rates). Excluding the contribution from the companies Hygromatik and Recuperator, the growth reached +6.0%, with revenues of € 220.9 million (+5.0% at constant exchange rates).
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Registration is Opening | 1st Summit Forum on Energy Storage and Thermal Management Industry Development
The "1st Summit Forum on Energy Storage and Thermal Management Industry Development" will be held on October 24, 2024, at the Hangzhou Grand Convention and Exhibition Center, Zhejiang.
Numerous overseas businesses are eagerly contacting their Chinese partners, planning to meet at the RACC EXPO!
The event will make a stunning debut at the Hangzhou Grand Convention and Exhibition Center on October 23. On the event, Daming will specifically launch its cold storage source unit products!
The Technology Exchange Conference and New Product Promotion Conference of Zhejiang Daming Refrigeration Technology Co.,Ltd. is about to make a stunning debut!
The event will make a stunning debut at the Hangzhou Grand Convention and Exhibition Center on October 23. On the event, Daming will specifically launch its cold storage source unit products!
Full of business opportunities! Over 100 buyers from India are gathering at RACC 2024 with their purchasing demands.
With government representatives, well-known experts/scholars, manufacturers, constructors and material suppliers from over 100 countries and regions and more than a thousand overseas buyers, discussing the new situation of the trade of HVACR and communicating to win new business opportunities.