Indel B lifts Q1 revenues on Leisure and Marine growth despite mixed demand

An announcement from Indel B S.p.A. ( (IT:INDB) ) is now available.

Indel B reported consolidated first-quarter 2026 revenues of €52.5 million, up 5% year on year, as strong diversification and the 2025 acquisition of Indel Marine and Indel B USA lifted performance despite a complex macroeconomic backdrop. Leisure revenues surged more than 50%, driven by marine-related sales, while Automotive rose 4.2% thanks to Autoclima’s air conditioning systems, partially offsetting declines in Components & Spare Parts, Hospitality and Cooling Appliances.

The company’s After Market channel grew strongly and the Leisure segment now accounts for 17% of total revenues, underscoring its role as a key growth driver even as OEM sales softened, particularly in North American trucks. Management remains focused on integrating recent acquisitions, improving operational efficiency and developing innovative products, while monitoring weak demand in some segments and geopolitical risks, as it targets sustainable medium- to long-term growth and continued value creation for shareholders and stakeholders.

The most recent analyst rating on (IT:INDB) stock is a Buy with a EUR25.50 price target. To see the full list of analyst forecasts on Indel B S.p.A. stock, see the IT:INDB Stock Forecast page.

More about Indel B S.p.A.

Indel B S.p.A., listed on Borsa Italiana’s EXM, produces refrigeration and air conditioning systems for mobile and mobile living applications, serving automotive, hospitality and leisure markets including pleasure boating and recreational vehicles. The group operates globally, with key exposure to Automotive OEMs and growing focus on the Marine and broader Leisure segments.

Average Trading Volume: 870

Technical Sentiment Signal: Sell

Current Market Cap: €112.5M

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