Company Profile

CAREL Industries S.p.A. specializes in the design, manufacture and marketing of temperature, humidity and air quality control and regulation systems for industrial, commercial and residential air conditioning and refrigeration equipment. The group also offers humidifiers. Net sales break down by area of application as follows:
- heating, ventilation and air conditioning (72.6%);
- refrigeration (26.9%);
- other (0.5%).
At the end of 2023, the group had 15 production sites located in Europe (7), the United States, Brazil and China.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (69.2%), North America (15%), Asia/Pacific (13.7%) and South America (2.1%).


Source: Cofisem - Last Update: 2024-04-26

Key Executives
Chief Executive Officer Francesco Nalini
Chief Financial Officer Nicola Biondo
Chief Investor Relations Officer Giampiero Grosso


Source: Cofisem - Last Update: 2024-04-26

Key Figures
Millenium 2023 2022 2021 2020 2019
Net sales 650,247 544,852 420,418 331,620 327,358
Income from ordinary activities 650,247 544,852 420,418 331,620 327,358
Operating income 104,400 87,311 64,457 46,712 46,363
Cost of financial indebtedness net 6,711 1,813 1,474 1,204 1,076
Equity-accounted companies contribution to income 613 2,360 508 208 177
Net profit from discontinued activities
Net income 74,473 64,799 49,088 35,117 35,047
Net income (Group share) 70,942 62,124 49,059 35,112 35,019
Fiscal year end 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Length of fiscal year (month) 12 12 12 12 12
Currency & Unit EUR - thousands EUR - thousands EUR - thousands EUR - thousands EUR - thousands
Account Standards IFRS IFRS IFRS IFRS IFRS

Source: Cofisem - Last Update: 2024-04-26

Shareholder information
Athena FH S.p.A. 18.79 %
Other shareholders 39.61 %
Capital Research and Management Company 7.64 %
Luigi Rossi Luciani S.a.p.a. 33.96 %


Source: Cofisem - Last Update: 2024-04-26

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