Approval of 2015 financial statement: sales up 12.8% on 2014

Sales in 2015 consolidated and further improved the positive trend in revenue recorded over the last five years, with overall growth in sales of 12.8% on 2014.
In terms of markets, this growth has been driven by the United States and Europe, as well as by good performance on Asian markets, with consolidated revenue totalling 203.5 million euros.

With the objective of maintaining its market leadership and accompanying its growth above all on foreign markets in a way that is consistent with Management guidelines, in 2015 CAREL invested 7% of sales in new product Research & Development. Specifically, in 2015 the Research and Development department at a Group level was staffed by 183 people, up from 175 in 2014 - and accounting for 17% of total personnel - spread between Italy, the United States and China.  

CAREL Group’s international expansion strategy also continued, with the objective of growing exports through the establishment of new production plants and subsidiaries. In 2015 the Group opened two new commercial subsidiaries in Thailand and Mexico, while production commenced at the new plant in Labin, Croatia, employing around 40 workers.

“The results of the 2015 financial year confirm the success of our strategy aimed at both introducing technological innovation for high efficiency and sustainability, and expanding our manufacturing and sales operations worldwide”, commented Francesco Nalini, CAREL Group Managing Director. “The investments we have made in these areas in recent years have in fact brought about good growth in revenue and at the same time operating profitability.”