CAREL USA LLC - Experts & Thought Leaders

The CAREL Board of Directors has approved the consolidated results as of 30 September 2025. In the third quarter of the year, consolidated revenues amounted to Euro 157.5 million, up 11.4% compared to the third quarter of 2024, and up 14.0% at constant exchange rates. Francesco Nalini, Chief Executive Officer of the Group, stated: “The results achieved in the third quarter of 2025 represent a milestone of great pride for the entire Group, confirming the solidity and resilience of our business model, as well as CAREL’s ability to continue creating value in a complex global context.” “For the second consecutive quarter, we recorded double-digit organic revenue growth (+14%), slightly above our forecasts, demonstrating the strength and cohesion of the entire organization. This is a collective achievement, supported by the contribution of all geographical areas and both of the main segments in which we operate: HVAC and Refrigeration.” Outstanding growth “The HVAC segment once again proved particularly dynamic, with growth at constant exchange rates exceeding 14%, driven by outstanding performance in the data center sector and by strong demand in strategic areas such as the commercial segment and heat pumps,” continued Francesco Nalini. “Refrigeration also delivered a very positive performance, showing double-digit growth and rapidly recovering from the temporary slowdown of the previous quarter. The strong rebound observed in Europe confirms the robustness of our competitive position and the effectiveness of the strategy undertaken.” “The results have been extremely positive but, as is always the case for CAREL, they do not represent an end point but rather a new starting point. We will continue to pursue continuous improvement with the determination and enthusiasm of the women and men who work at CAREL, ready to face with confidence the business and geopolitical challenges that the future holds.”

CAREL, the Italian multinational specializing in control solutions for refrigeration and air conditioning, will be exhibiting at Host Milano 2025, the major international event for the hospitality industry. CAREL’s presence at the event will focus on solutions for food service, combining energy efficiency, reliability, ease of use, and elegance. In plug-ins for professional and commercial refrigeration, the latest-generation electronic controls manage continuous modulation of compressor speed, ensuring thermal stability, low noise levels and reduced energy consumption. Aesthetics and connectivity The integration of aesthetics and connectivity allows manufacturers of refrigeration units to offer high-performance solutions that are also innovative from a design perspective. A highlight will be iJXL, the latest evolution in the iJ family. Featuring a new extra-large display, available in both vertical and horizontal orientations, CAREL introduces immediate visibility of information and a premium design that enhances professional equipment. Its intuitive interface and advanced connectivity – including local apps and remote connection via the RED Control platform – improve the user experience and simplify maintenance, completing a range of controllers that already ensure optimized management of VCC inverter compressors and maximum integration flexibility. NFC and Bluetooth connectivity CAREL will also present solutions designed for installers and manufacturers of commercial cold rooms With interfaces available in different sizes, integrated NFC and Bluetooth connectivity, and apps such as APPLICA and CONTROLLA, installation and maintenance are faster and safer, even in contexts where skilled personnel may be limited. CAREL will also present solutions designed for installers and manufacturers of commercial cold rooms. On one hand, a modular ecosystem that provides everything needed to build and manage a cold room quickly and easily; on the other, the iJF controller, enabling commercial monoblocks to support the transition to natural low-GWP refrigerants such as R290, backed by dedicated certifications. smart optimization strategies Completing the offering, CAREL provides advanced supervision and monitoring systems. The boss platform collects and synchronizes data from multiple devices, providing an overall view and applying smart optimization strategies. Together with RED Optimise, which turns data into tools for reducing energy consumption, enabling preventive maintenance and ensuring HACCP compliance, CAREL makes connectivity a tangible resource for lowering energy and operating costs while improving productivity. “CAREL continues its innovation journey in food service, combining efficiency, connectivity and design: three elements that define our identity and allow us to deliver complete solutions to our partners,” said Giovanni Tonin, Group Solution Marketing Manager – Food Service at CAREL.

The CAREL Industries Board of Directors has approved the consolidated results as of 31 March 2025, with consolidated revenues equal to €147.4 million, +0.7% compared to the first three months 2024. The consolidated adjusted EBITDA amounted to €27.6 million, representing 18.6% of revenues and showing an improvement compared to the same period of the previous year. Second quarter with revenue Given the solid results achieved during the first quarter, the continued strength of the order backlog, and the positive market trends observed, the Group expects to close the second quarter with revenue growth-compared to the second quarter of 2024- ranging between the high single digits and low double digits in percentage terms. Francesco Nalini, Amministratore Delegato del Gruppo, stated: "The results as of 31 March 2025 confirm the ongoing improvement in performance that began in mid-2024." Refrigeration sector in the EMEA region Group expects to close the second quarter with revenue growth-compared to the second quarter of 2024 Francesco Nalini adds: "Whereas last year this trend was mainly supported by the gradual fading of the negative impact of de-stocking and the normalization of the comparison base with 2023, the first quarter of 2025 marks a further step forward, thanks to a significant recovery in demand – particularly in the refrigeration sector in the EMEA region – despite a global environment that remains marked by instability." He continues, "This trend is reflected in a strongly growing order backlog, which indicates promising potential for revenue in the coming quarters." High-margin digital services Francesco Nalini further states: "Margins have also shown encouraging signs: the EBITDA margin remained solid compared to the previous year and, net of non-recurring items, improved by 50 basis points, reaching 18.6%."  He adds, "This result was made possible by effective procurement management, which allowed the Group to benefit from the decline in the prices of electronic raw materials. This was further supported by the development of high-margin digital services, which have always been one of the main pillars of our strategy." Innovation, sustainability, and customer value Francesco Nalini concluded: "We continue to monitor the evolution of the macroeconomic scenario and geopolitical tensions closely, as they remain a source of uncertainty. However, our globally distributed production footprint, based on the duplication of processes, provides us with strong resilience, even in the face of tariffs and trade duties." He adds, "This enables us to look ahead to 2025 with confidence. The Group will continue to invest in innovation, sustainability, and customer value, with the aim of swiftly and decisively seizing the opportunities that may arise in the near future."