Carel sees Q1 sales rise 19.5%

http://www.chinaiol.com   2019/5/28 10:31:56   Source:coolingpost  

Carel reports consolidated revenues of €80.10m, up 19.5% compared to the first quarter of 2018. 

The consolidated net result of €8.9m, was an increase of 8.4% compared to the first quarter of 2018.

Francesco Nalini, Group CEO, attributed the increase to the company’s capacity to exploit “important cross-selling and up-selling options” made possible by the continuous innovation of its product platforms, together with the contributions of the two companies it acquired at the end of 2018 – Hygromatik and Recuperator.

Carel says it saw favourable performance in all geographical areas (EMEA, Asia Pacific, North America and South America) and in all segments (HVAC and refrigeration).