Italy's CAREL Industries yearly revenue beats on HVAC sector growth

Carel Industries SpA

10/03/2026 14:05

Overview

Italy-based HVAC and refrigeration firm's yearly revenue rose 8.7%, beating analyst expectations

Yearly EBITDA increased 18.3% to EUR 124.1 mln

Company proposed a new treasury share purchase plan

Outlook

CAREL expects Q1 2026 revenue between €160 mln and €170 mln

Company cites geopolitical instability as a risk to future results

CAREL highlights macroeconomic indicators as crucial amid current tensions

Result Drivers

HVAC GROWTH - Significant growth in HVAC sector, especially in North America, driven by data center demand

REFRIGERATION EXPANSION - Refrigeration sector expanded in EMEA, supported by investment cycles and sustainable solutions

DIGITAL AND AI IMPACT - Rapid adoption of digital solutions and AI contributed to growth across various applications

Company press release: ID:nBIA6GrQm2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 629 mln
EUR 621.86 mln (6 Analysts)
FY Net Income
EUR 73.60 mln
FY Dividend
EUR 0.20
FY EBITDA
EUR 124.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "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 €25.00, about 22.9% above its March 9 closing price of €20.35

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 41 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.)