Carel Industries SpA (IT:CRL) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into IT:CRL stock, check out TipRanks’ Stock Analysis page.