Italy's CAREL Industries Q1 revenue, EBITDA rise

Carel Industries SpA

14/05/2026 14:00

Overview

Italy HVAC and refrigeration solutions provider's Q1 revenue grew 15.9% yr/yr

Q1 EBITDA rose 38.3% yr/yr, margin reached 21.5% of revenue

Net profit for Q1 increased 81.5% yr/yr

Outlook

CAREL expects Q2 2026 consolidated revenue between EUR 180 mln and EUR 190 mln

Result Drivers

SEGMENT DEMAND - Strong demand in HVAC, especially for digital infrastructure and data centers, drove revenue growth

REGIONAL PERFORMANCE - Double-digit revenue growth in North America and APAC offset weaker EMEA results

OPERATING LEVERAGE - Higher profitability supported by increased revenues and contributions from subsidiary Kiona

Company press release: ID:nBIA7BdrCy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 170.9 mln
EUR 167.35 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Carel Industries SpA is €26.00, about 4.2% below its May 13 closing price of €27.15

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)