Carel reports 26.4% half-year sales increase

ITALY: Refrigeration controls and humidifier company Carel recorded consolidated revenues of €330.3m in the first six months of the year, an increase of 26.4% compared to 2022. 

Organic revenue growth was 13.1%, or 13.9% if negative exchange rate effects are excluded. The results represent a doubling of turnover in just three years.

“The consistency of said performances, achieved in the presence of often diverse scenarios characterised by sudden changes, confirms the resilience of the company’s business model, based on a continuous process of internationalisation and expansion into adjacent market niches, also thanks to the 11 M&A transactions carried out since its listing [in 2018],” commented Carel Group CEO Francesco Nalini.