Carel reports half-year revenues up 20.9%

ITALY: Controls manufacturer Carel Industries has reported revenues of €370.1m in the first half of the year, a 20.9% increase on the same period in 2025. 

The figures were boosted by a record second quarter, with revenues approaching €200m and growth exceeding 25% compared to Q2 2025.

Growth was recorded across both of the group’s core business areas, HVAC and Refrigeration.

“This outstanding performance is even more significant when viewed against the economic and geopolitical backdrop in which it was achieved, and it confirms the group’s ability to translate the key structural trends shaping its end markets into tangible growth opportunities,” said group CEO Francesco Nalini.