Carel reports 2025 growth figures

The company’s board of directors has released its consolidated results for the first half of 2025, reporting revenues of €158.8 million – a 9.4% increase compared to the same period in 2024, and 11.3% at constant exchange rates. Consolidated EBITDA reached €58.3 million, up 9.5% year on year, representing 19% of revenues.

Carel CEO Francesco Nalini says the second quarter results are “a particular source of pride” and reflect “the solidity of our operating model” despite a challenging macroeconomic environment.

The company says growth in the HVAC segment, especially in commercial air conditioning, has been a key driver. The residential sector, particularly heat pumps in the EMEA region, have also shown signs of improvement.

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