Indel B S.p.A.

Indel B S.p.A.

MMIL:INDB
17.35
EUR
0.00
(0.00%)
101.42MMarket Cap
Mar 03Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.94
14.29
15.78
22.21
25.12
26.21
21.66
32.6
43.28
39.9
37.25
39.3
- -
Basic EPS, GAAP
0.99
1.63
1.73
2.6
1.97
2.71
1.08
4.25
2.31
1.85
1.96
3.88
- -
Free Cash Flow per Basic Share
-0.03
1.28
0.86
0.8
1.95
1.33
1.74
-0.87
-2.02
4.4
1.57
2.05
- -
Dividend per Share
- -
2.33
0.67
0.72
0.68
0.69
- -
0.52
1.09
0.8
0.85
0.83
- -
Book Value per Share
3.69
5.37
6.4
12.76
13.84
15.75
16.21
19.98
21.42
22.53
23.47
26.5
27
Tangible Book Value per Share
3.68
5.24
6.24
9.57
10.87
12.73
13.42
16.22
17.99
19.37
20.24
17.93
18.55
Basic Weighted Avg Shares
6
6
6
5
6
6
6
6
5
6
5
5
5
Sales/Revenue/Turnover
67
80
88
117
147
152
124
186
225
225
203
206
- -
Operating Margin (%)
11.19
14.9
12.64
11.11
11.89
11.15
9.04
8.95
8.48
7.64
6.71
5.82
- -
Depreciation Expense
1
1
1
2
4
4
4
6
6
6
6
7
- -
Net Income, GAAP
6
9
10
14
12
16
6
24
12
10
11
20
- -
Effective Tax Rate (%)
32.04
29.42
28.7
19.34
31.97
23.43
33.17
22.49
30.46
28.9
26.76
14.41
- -
Profit Margin (%)
8.28
11.41
10.98
11.71
7.86
10.33
4.98
13.05
5.35
4.64
5.26
9.88
- -
Working Capital
12
19
28
42
50
47
60
56
75
71
60
78
75
LT Debt
10
10
14
20
19
22
29
20
24
15
10
26
20
Total Equity
21
30
36
75
81
91
93
114
121
127
124
139
142
Return on Invested Capital (%)
- -
23.62
20.69
16.13
10.82
13.84
4.62
15.07
8.34
6.74
7
12.76
- -
Return on Capital (%)
- -
24.04
21.1
18.95
11.42
13.95
5
17.08
7.74
6.52
7.08
12.82
- -
Return on Common Equity (%)
- -
35.99
29.44
24.81
14.84
18.35
6.75
23.52
10.28
8.43
8.52
15.55
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
25
21
21
LT Borrowings
32
23
17
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
101
101
101

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
160
137
156
Cash, Cash Equivalents & STI
32
29
22
Accounts Receivable, Net
50
41
56
Inventories
72
62
72
Total Current Liabilities
78
59
81
Payables & Accruals
- -
- -
- -
ST Debt
25
21
21
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.48%
8.81%
12.04%
Free Cash Flow
-29.07%
-82.69%
25.84%
Net Income, GAAP
32.96%
64.35%
91.45%
Sales/Revenue/Turnover
11.67%
12.52%
1.92%
Total Cash Common Dividend
- -
- -
-6.18%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
203
2025
- -
- -
206
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.96
2025
- -
- -
3.88
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.85
2025
- -
- -
0.83
2026
- -
- -
- -

Company Description

CEO
Luca Bora
Full Time Employees
849
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Via Sarsinate, 27 Sant'Agata Feltria RN Italy 47866
IPO Date
May 19, 2017
Website
indelb.com
Business
Indel B S.p.A. specializes in the design, manufacturing, and marketing of energy-saving refrigeration systems and equipment primarily operating at 12 and 24 volts. Its core product portfolio includes mobile refrigeration and air conditioning solutions for commercial vehicles such as trucks, minibuses, ambulances, and industrial vehicles; portable and built-in refrigerators for leisure and travel applications including cruise ships, yachts, campers, and caravans; minibars designed for hotel rooms featuring compression, absorption, and thermoelectric technologies; and technological hotel accessories such as electronic safes, locks, hairdryers, and LED televisions. The company also produces cooling appliances including wine cellars and mini refrigerators for milk preservation as well as refrigeration systems for foodstuff transport and specialty vehicles such as ambulances and mobile clinics. Indel B operates globally with a strong presence in Europe, Italy, the Americas, and other regions, serving automotive, hospitality, leisure, and catering markets. Founded in 1967 and headquartered in Sant'Agata Feltria, Italy, it is controlled by AMP.FIN S.R.L. and employs over 800 staff. Recent major changes include the acquisition of the remaining 50% stake in Indel Webasto Marine Srl from Webasto Roof & Components SE for €23.4 million, strengthening its marine refrigeration segment. The company has also executed a share buyback program in 2025 as part of its strategic equity management. Indel B continues to focus on expanding its mobile refrigeration and air conditioning business for commercial and special vehicles while innovating in energy-efficient refrigeration technologies and maintaining its leadership in the mobile cooling sector across automotive, leisure, and hospitality segments. Its recent product developments and launches emphasize energy efficiency, technological advancement, and customer-oriented solutions for both professional and leisure applications. Indel B remains a key player in refrigeration and air conditioning equipment with diversified offerings across multiple transport and hospitality industries worldwide.