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Tag: Francesco Nalini
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Carel sees a quarter of growth
Carel Industries has reported almost a quarter of growth in 2023 compared to 2022. The Board released the third quarter results recently, and consolidated revenue came to €497.2 mil (approximately AU$833 mil) – an increase of 24 per cent. Carel CEO Francesco Nalini says the result is particularly positive. The same period in 2022 saw […]
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Carel doubles turnover in just three years
Carel Industries has reported revenue growth of more than 26 per cent in the first half of 2023. Carel CEO Francesco Nalini says he is proud to emphasise not only that the quarter represents the 10th consecutive quarter in which the group has recorded double-digit percentage organic revenue growth, but that the revenues achieved as […]
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Carel acquires large chunk of Kiona
Carel Industries has entered into a binding agreement to acquire an 82.4 per cent stake in Kiona Holding AS. Kiona is a leading Norway-based software-as-a-service (SaaS) provider of prop-tech solutions for energy consumption optimisation and building digitalisation in retail and industrial refrigeration, public, commercial and multi-residential facilities. Based in Trondheim, Norway, Kiona was formed in […]
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Carel records positive first quarter
CEO of Carel Industries, Francesco Nalini has announced that the company’s board of directors has approved Carel’s consolidated results as of March 31, 2023, which recorded an increase of 24.8 per cent. “Carel’s 50th anniversary year, 2023, opens with double-digit percentage organic revenue growth for the ninth consecutive quarter,” says Nalini. “This was due to […]
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Carel acquires Klingenburg
Carel has acquired 100 per cent of the share capital of Klingenburg GmbH and Klingenburg International Sp. Z.o.o., producers of heat recovery applications for ventilation and humidification systems, adiabatic cooling and air purification. The companies have around 200 employees and two production facilities, one in Germany and one in Poland. They hold direct commercial presence […]
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Carel strengthens AHU offering with Enginia acquisition
Carel, through its subsidiary Recuperator, has purchased 100 per cent of the share capital of Enginia, a company operating in the design, production and marketing of dampers and other plastic and metal components for air handling units. Enginia, operating in the aeraulic sector since 1997, has a 4,700m2 headquarters in Milan, Italy, and 46 staff. […]
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Carel plans eastern expansion
Carel has announced the expansion of its Labin site in Croatia, currently the headquarters of the Padua-based Group’s Carel Adriatic subsidiary. The new 5,200m2 plant, expected to be completed by the beginning of next year, has been planned to make the Group’s production capacity more flexible and resilient, and better support Carel’s growth in Europe, […]
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Carel reports positive 2020 financial results
The Carel Industries Board of Directors has released the company’s 2020 consolidated revenues. The Group’s consolidated revenues as of December 31, 2020, was €331.6m ($514m), which represents an increase of 1.3 per cent (plus 2.8 per cent at constant exchange rates). The consolidated EBITDA for the same comparative period is €65.2m ($101m) – an increase […]