Carel Industries Revenues Decline Amid Market Challenges

Carel Industries SpA (IT:CRL) has released an update.

Carel Industries reported a 12.9% decline in consolidated revenues for the first nine months of 2024, amounting to €432.9 million, influenced by challenges in the air conditioning and refrigeration sectors in Europe amidst a dynamic market environment. Despite the dip, North America showed growth, particularly in data center cooling solutions, while the company continues to focus on innovation and a new organizational structure to drive future success. The year is seen as transitional, with an emphasis on energy efficiency and sustainable refrigerants.

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