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Daikin AC and refrigeration sales up 15.5%

JAPAN: Daikin has reported Q1 air conditioning and refrigeration sales up 15.5% year-on-year to JPY1,168,861m (US$8,101m), with operating profit up 0.6% at JPY104,355m (US$722m).

Group sales were JPY1,251,029m (US$8,655m), up 14.3% year on year. Operating profit was down 2.1% at JPY115,410m (US$798m), due to increases in labour costs and research and development expenses.

Latest News

28th October 2025

Spanish tax agents seize 53 tonnes of illegal refrigerant

SPAIN: A total of 53 tonnes of illegal refrigerant and nearly €1m in cash have been seized in two operations by the Spanish tax and customs authorities.
28th October 2025

MOU will foster international collaboration

UK: The Institute of Refrigeration and the African Centre for Excellence in Sustainable Cold Chain (ACES) have signed an MOU to strengthen collaboration and promote the exchange of ideas and…
28th October 2025

Ritchie to outsource distribution for greater efficiency

UK: Ritchie Engineering, manufacturer of Yellow Jacket HVACR tools, has appointed Paul Ponsonby to handle its warehousing and distribution in the UK.
28th October 2025

Carrier sales down 7% in Q3

USA: Carrier has reported net sales down 7% at $5.6bn in Q3, with organic sales down 4%.
28th October 2025

Frigoveneta acquires Italian contractor Freddo

ITALY:  Frigoveneta, the Verona-based commercial and industrial refrigeration contractor, has acquired fellow Italian contractor Freddo & Co Srl.
27th October 2025

Kaltra updates the microchannel evaporator coil

GERMANY: Kaltra has introduced a new series of microchannel evaporator coils that provide stable operation under challenging thermal conditions and enable full reversibility as condenser coils in heat pump applications.