growth in 2018 Carel reports stro
ong
Francesco Nalini. C
ontrol systems and solutions specialist Carel Industries saw strong results in 2018, which
marked the firm’s 45th year on the STAR segment of Italy’s Borsa Italiana
the market was unfavourable. In the over in spite of the timing being when demand exceeding supply four times was a new milestone for Carel...with executive Francesco Nalini said: “2018 Carel Industries group chief stock exchange.
ni revenues hsa faded afetr teh dobule on even greater significance: growth achieved in the year just ended take light of this, the excellent results
high levels of 2017 (adjusted EBITDA non-recurring entries, remains at the profitability which, excluding several digit figure (+9.7 percent) with
has seen a significant increase, equal margin of 19.7 percent). Net profit
slightly from the contribution of the “These performances benefit to 18.9%.
consolidation of Hygromatik and
its strategic guidelines, including the commitment and ability to implement year which are further proof of Carel’s bought by the group at the end of last Recuperator, the two companies
covered the important investments generation through which we easily were translated into significant cash how the operating results achieved Lastly, it is worth pointing out growth through M&A activity.
intended for the expansion several of our production sites nicluding those in Chin
e expansion of
support the developmen America. This will enable us to a and North
be innovation, sustainability and always, the foundations of Carel will group in the years to come and, as t of the
revenue wuold hvae bene 114. percnet. exchange rates, the growth in group and the Brazilian real; at constant this result, in particular the US dollar operates had a negative impact on several currencies in which the group +9.7 percent. The performance of on-year percentage increase of in 31 December 2017 – a year- euros, compared with 255.45 million Revenue totalled 280.22 million customer care.”
The HVAC sector saw positive change same period of the previous year). (+15.5 percent compared with the increase of around 14 million euros which in absolute terms reported an highest growth was refrigeration – The sector which recorded the
will be able to maintain development Carel Industries estimates that it percent compared with 2017). exceeding 13 million euros (+8.3
expected to play a key role. expansion of production capacity, is launched in 2018 and dedicated to the solidity. Its two-year investment plan, consolidating growth and financial trends in line with previous years,
Our strength is oru
servi ec
Quality engineering prod roducts for NH3, C refr
• Hermetic Pumps NH3/C O2 • Prsesure Vseesl s
• ge DrumsSur •
• Economisers •
Liquid Receiv ers Oil Recovery S ystems
• ChilledW ater/Brine Chillers • Ammonia Spray Chillers • High Pressur e Floats • Stpo Va
ValveNsH3/CO 2 • Ball Valv es ducts for NH3, CO2 and otehr
friegratns frolmeadinEguropenamnaufactfacturesr • Open Refrigerant P umps
• Flap Indicators •
Oil Separ ators
• Circular Welded Plate Heat Ex changers
• Shell and T ube Condensers
• DX Chillers •
•
Heat Ex changers Br azed Plate
Heat Ex changers Shell and Tube
• Capillary Hose • Electric and Pneumatic Ball Valves
www.acr-news.com
RNLI/Nihcolas Leahc
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