CAREL closes first quarter 2025 with growth and looks ahead to Q2 with confidence

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.

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, CEO of the group, stated: "The results as of 31 March 2025 confirm the ongoing improvement in performance that began in mid-2024. 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. 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.”