Q1 2025 Carel Industries SpA Earnings Call Transcript

May 13, 2025 / 02:30 PM GMT

Release Date Price: €16.46

Transcript

Key Points

Positve

Carel Industries SpA (FRA:CIG) reported a return to top-line growth with revenues increasing by 0.7% to €147.4 million compared to the same period last year.
Adjusted profitability improved to 18.6%, driven by a positive trend in raw material costs and the increasing contribution of digital services.
The company achieved a significant reduction in net debt, decreasing to €43.9 million from €50.2 million at the end of 2024.
Strong performance in the North American market, with revenues growing by 10.4% in local currency, supported by positive momentum in data centers.
Refrigeration sector in Europe showed a strong recovery, contributing to a 3.3% growth in local currency, with expectations for further improvement throughout the year.

Negative

Profit for the quarter was down 38.7% to €10.1 million compared to the same period last year, primarily due to the absence of extraordinary accounting items present in the previous year.
Asia Pacific region experienced a decline of 15.5% in local currency, attributed to the timing of significant projects and economic weakness in Australia.
Visibility remains limited due to a short order pipeline, providing little foresight into future demand.
The HVAC sector remained flat compared to the previous year, with no significant growth observed.
The company faces challenges in the heat pump market, with no clear signs of improvement and stock levels remaining normalized but stagnant.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRLI.MI - Carel Industries SpA
Q1 2025 Carel Industries SpA Earnings Call
May 13, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the COSCO conference operator. Welcome and thank you for joining the Carl Industries's first quarter 2025 results conference call.

As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they may signal an operator by pressing star and 0 on their telephone. At this time, I would like to turn the conference over to Mr. Francescoalini, CEO of Carlile Industries. Please go ahead, sir.

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Unidentified_2 [2]
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