Carel sees Q1 sales rise 19.5%
ITALY: Carel reports consolidated revenues of €80.10m, up 19.5% compared to the first quarter of 2018.
The consolidated net result of €8.9m, was an increase of 8.4% compared to the first quarter of 2018.
Francesco Nalini, Group CEO, attributed the increase to the company’s capacity to exploit “important cross-selling and up-selling options” made possible by the continuous innovation of its product platforms, together with the contributions of the two companies it acquired at the end of 2018 – Hygromatik and Recuperator.
Carel says it saw favourable performance in all geographical areas (EMEA, Asia Pacific, North America and South America) and in all segments (HVAC and refrigeration).
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