Brief: Carel Industries Says Consolidated Revenues Rose 18.9% To Eur 247.7 Mln For First 9 Months Of 2019​

Carel Industries SpA

11/11/2019 20:56

Nov 11 (Reuters) - Carel Industries SpA  CRLI.MI :
    * BOARD OF DIRECTORS OF GROUP CAREL INDUSTRIES APPROVES
CONSOLIDATED RESULTS AS AT 30 SEPTEMBER 2019
    * CONSOLIDATED REVENUES OF EUR 247.7 MILLION FOR FIRST 9
MONTHS,
WITH GROWTH OF 18.9% COMPARED TO FIRST NINE MONTHS OF 2018
    * CONSOLIDATED EBITDA OF EUR 49.6 MILLION FOR NINE MONTHS,
UP
29.6% COMPARED TO FIRST NINE MONTHS OF 2018
    * CONSOLIDATED NET INCOME OF EUR 28.3 MILLION IN FIRST NINE
MONTHS
OF 2019 ,+14.1% OVER NET INCOME IN FIRST NINE MONTHS OF 2018
    * FOR 2019 YEAR-END REVENUES SHOULD EXPERIENCE MID-SINGLE
DIGIT
GROWTH,EXCLUDING CONTRIBUTION COMING FROM HYGROMATIK AND
RECUPERATOR
    * CAREL INDUSTRIES- FOR 2019 YEAR END PROFITABILITY COULD BE
SLIGHTLY LOWER THAN THAT RECORDED IN FIRST 9 MONTHS OF YEAR AS
RESULT OF OPERATING LEVERAGE

Source text for Eikon:  ID:nBIAcbgV5T 
Further company coverage:  CRLI.MI 

 ((Reuters.Briefs@thomsonreuters.com;))