CONTENTS
Group Structure 4
Corporate Bodies 5
Group Performance 8
Outlook 13
Condensed interim consolidated financial statements as at and for the six months ended 30 June 2025 and notes thereto 14Statement of financial position 15
Statement of profit or loss 16
Statement of comprehensive income 16
Statement of cash flows 17
Statement of changes in equity 18
Notes 19
Statement on the condensed interim consolidated financial statements pursuant to article 154-bis of Legislative decree no. 58/98 and article 81-ter of Consob regulation no. 11971 of 14 May 1999 as subsequently amended and supplemented 39
Indipendent auditors report… 40
GROUP STRUCTUREThe following graph shows the group's structure at 30 June 2025:
*= 1% held by Carel France sas
CAREL INDUSTRIES Group 2025 Interim Financial Report
CORPORATE BODIESBoard of Directors | Chairperson | Luigi Rossi Luciani |
Executive deputy chairperson | Luigi Nalini | |
Chief Executive Officer | Francesco Nalini | |
Executive Director | Carlotta Rossi Luciani | |
Lead Indipendent Director | Mario Cesari | |
Indipendent Director | Cinzia Donalisio | |
Indipendent Director | Gianluigi Vittorio Castelli | |
Indipendent Director | Marina Manna | |
Indipendent Director | Laura Rovizzi | |
Board of statutory auditors | Chairperson Standing statutory auditor | Paolo Prandi Saverio Bozzolan |
Standing statutory auditor | Gianna Adami | |
Alternate statutory auditor | Fabio Gallio | |
Alternate statutory auditor | Elena Angela Maria Valenti | |
Indipendent Auditors | Deloitte & Touche SpA | |
Audit, risk and sustainability | Chairperson | Marina Manna |
committee
Member Cinzia Donalisio
Member Mario Cesari
Remuneration Committee Chairperson Cinzia Donalisio
Member Marina Manna
Member Mario Cesari
Supervisory body
as per Leg. dec. no. 231/2001
Chairperson Alberto Berardi
Member Arianna Giglio
Member Alessandro Grassetto
5