The CAREL Group's board has formally announced its consolidated financial results for the period ending September 30, 2025.
During the third quarter, the company reported consolidated revenues of €157.5 million, reflecting an 11.4% increase compared to the same quarter in 2024, and a 14% rise when analyzed at constant exchange rates.
Strong Performance Across Segments
Chief Executive Officer - Francesco Nalini expressed satisfaction with the third-quarter outcome, dubbing it a "milestone of great pride" for CAREL. He emphasized the organization's ability to maintain value amid challenging global conditions, attributing the growth to the company's robust and resilient business model.
According to Nalini, the company achieved a 14% growth in organic revenues, surpassing initial expectations. This performance was attributed to universal contributions from different regions and the two primary sectors of operation: HVAC and Refrigeration.
Dynamic HVAC and Refrigeration Markets
The HVAC sector, in particular, demonstrated significant growth, exceeding 14%
The HVAC sector, in particular, demonstrated significant growth, exceeding 14% at constant exchange rates.
This expansion was largely fueled by exceptional results in the data center market and heightened demand in strategic areas like the commercial sector and heat pump applications, Francesco Nalini noted.
Refrigeration also saw noteworthy progress, achieving double-digit growth and rebounding swiftly from a brief slowdown in previous quarters. Nalini pointed out that the European market's recovery underscores CAREL's strong competitive standing and strategic approach.
The Path Forward
Despite the encouraging results, Francesco Nalini highlighted that CAREL views these achievements as a stepping stone rather than a conclusion.
He stressed the company's commitment to ongoing improvement, driven by the dedication and vigour of its workforce, prepared to tackle future business and geopolitical hurdles with confidence.
