As of 31 December 2016 the Italy-based CAREL Group’s consolidated sales totalled 231 million euros, an increase of 13.5% over the 203.5 million euros posted in 2015.
“The focus of our innovation continues to be improved efficiency and sustainability in the air-conditioning and refrigeration sectors,” said CAREL Group Managing Director Francesco Nalini. Italy-based multinational CAREL has recorded a significant spike in sales thanks to its low-GWP technology innovations. It says innovation in low-GWP technology played a big role.
“Our growth in 2016 is the result of the most innovative solutions in these areas, and shows how our R&D efforts are focused in the right direction,” Nalini said.
“We have also seen very positive results from our systems designed for new refrigerants with a low environmental impact, especially natural refrigerants.”Francesco Nalini, CAREL Group managing director
Most of the export sales came from Europe, with an overall average increase of 19%, as well as good performance in Asian markets (+8%).
“We have also seen very positive results from our systems designed for new refrigerants with a low environmental impact, especially natural refrigerants,” Nalini explained.
In 2016, the CAREL Group invested 6.4% of sales into R&D, a 4.6% increase over 2015.
“In 2017 we intend to continue investing [in low-GWP refrigerants], with even greater attention to connectivity, envisioning the added value we can offer our customers through machine-learning algorithms,” Nalini said.
CAREL also recorded an increase in staff numbers across the Group, up to 1,222.