Carel Industries S.p.A.
CRL.MI
Italian Stock Exchange29.40
EUR
-1.10
- -
Carel Industries S.p.A.
CRL.MI
(Italian Stock Exchange)
Recent
price
29.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Carel Industries S.p.A. is an Italy-based company specializing in the design, manufacture, marketing, and distribution of control and humidification solutions primarily for heating, ventilation, air conditioning (HVAC), and refrigeration systems. Its core products include programmable controllers; interface terminals; HVAC and refrigeration parametric controls; isothermal and adiabatic humidifiers; water treatment systems; sensors for temperature, humidity, and pressure; connectivity products; electronic expansion valves and drivers; speed controllers and inverters; power solutions; and comprehensive remote management and monitoring systems. The company also offers IoT-enabled digital services, technical support, spare parts, and field and digital repair services. Carel serves industrial, commercial, and residential markets with geographic operations spanning Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. Founded in 1973, Carel Industries is headquartered in Brugine, Italy, and operates 15 production plants worldwide through 47 subsidiaries. Recent major changes include strategic acquisitions and partnerships that strengthen its market position and technological capabilities. Notably, Carel completed the acquisition of Klingenburg GmbH, a move that enhances its growth prospects and international sales reach. In 2023, the company signed an agreement to acquire an 82.4% stake in Kiona Holding AS, a Norwegian SaaS provider specializing in digital solutions, marking a significant expansion into software services. Additionally, Carel partnered with SECO S.p.A. in 2024 to co-develop an advanced supervisory system aimed at digitalizing infrastructure for refrigeration and air conditioning, focusing on real-time data collection, remote monitoring, energy efficiency, and sustainability improvements. The company has also launched innovative products such as the new generation MPXpro controller for refrigeration and the GLD mini infrared propane gas leak sensor designed to support natural refrigerant transitions with high safety and reliability standards. These advancements are part of Carel’s ongoing commitment to technological innovation and expanding its IoT-based product offerings to meet rising market demand for smart building and energy-efficient solutions. Carel operates primarily in two business segments: Products and Applications, with a revenue mix heavily weighted toward HVAC (about 70.9%) and refrigeration (29%). Its sales are globally diversified with the largest shares in Europe/Middle East/Africa (65.1%), North America (17.9%), and Asia Pacific (14.4%). The company reported stable financial performance with recent revenues near €593 million and continues to allocate around 7% of revenue to research and development to drive innovation and competitive differentiation. Its strategic focus includes enhancing product efficiency through intelligent controls, expanding digital services, and promoting sustainability in its core markets. Overall, Carel Industries S.p.A. stands as a global leader in environmental control solutions with a strong emphasis on integrating IoT, AI, and advanced sensor technologies within its product portfolio to support energy savings and system reliability across diverse applications in HVAC and refrigeration sectors worldwide.