(Finance) – CAREL Industriesa group listed on Euronext Star Milan and active in the production of components to achieve high energy efficiency in the air conditioning and refrigeration markets, closed the first quarter of 2022 with consolidated revenues equal to 128.9 million euros, + 32.1% compared to the first three months of 2021 (+ 29.6% at constant exchange rates). On a like-for-like basis, growth would have been 24.1%. L’Consolidated EBITDA amounted to € 27.2 million (including € 2.1 million deriving from consolidation
of the CFM and Enginia companies), up by 23.8% compared to the first three months of 2021 and corresponding to 21.1% of revenues for the quarter.
The consolidated net result was equal to 16.4 million euros, + 22.8% compared to the net result recorded in the first three months of 2021. The Consolidated net financial position negative is equal to 64.9 million euros, including the strategic increase of 9.4 million in inventories of raw materials and inclusive of the accounting effect linked to the application of IFRS16 equal to 27 million. At 31 December 2021 the consolidated net financial position was negative for 57.8 million.
“The results recorded in the first three months of 2022 represent for the group a significant recordbeing that just ended the fifth consecutive quarter in which the organic growth of revenues exceeded the double figure percentage “, commented theCEO Francesco Nalini.
“THE next quarters are still very challenging: at the moment there are no visible signs of improvement in the phenomenon linked to the scarcity of raw materials, nor signs of a slowdown in inflation – he added – Despite this, the group will continue to implement the strategic guidelines that have guided its action over the recent years, pursuing its growth and development objectives with courage and optimism “.