FINANCIAL RESULTS
17 APRIL 2025
WHAT WE DO
We sell systems and solutions
for mobile cooling and refrigeration to top quality customers granting people comfort, leisure and satisfaction.
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FY 2024 RESULTS HIGHLIGHTS
FY 2024 | FY 2023 | 2024 vs 2023 | |
TOTAL REVENUES (€mln) | 203.5 | 226.5 | -10.2% |
SALES OF PRODUCTS (€mln) | 196.6 | 218.6 | -10.1% |
EBITDA ADJ (€mln) | 22.7 | 28.3 | -19.7% |
Margin (%) | 11.2% | 12.5% | |
EBIT ADJ (€mln) | 16.4 | 20.8 | -21.2% |
Margin (%) | 8.0% | 9.2% | |
NET PROFIT ADJ (€mln) | 11.6 | 15.2 | -23.5% |
Margin (%) | 5.7% | 6.7% | |
NET FINANCIAL POSITION (€mln)
(10.3)
(7.5)
(2.8)
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GROUP STRUCTURE
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FY 2024 SALES BY CHANNEL
(€ mln)
-10.1%
218.6 | |
28.7 | 196.6 |
% Changes FY 2024 - FY 2023
-13%-8%-5%
73.5
116.4
27.4
67.9
101.3
116.4 | ||
101.3 | ||
73.5 | 67.9 | |
28.7 | 27.4 |
-5.6-1.3
-15.1
FY 2023 | OEM | AM | Others | FY 2024 |
OEM | AM | Others |
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FY 2024 SALES BY MARKET
(€ mln)
-10.1%
218.6 | |
9.8 | 196.9 |
15.9 | |
9.4 | |
21.8 | |
15.2 | |
25.8 | 25.0 |
19.7 |
145.3
127.3
3.2
-6.1 | -0.7 | -0.4 | |
-18.0 | |||
FY 2023 Automotive Leisure | Comp. & SP Hospitality | Cooling | FY 2024 |
Appl. |
% Changes FY 2024 - FY 2023
-12% -23% +14% -4% -4%
145.3 | |||||
127.3 | |||||
25.8 19.7 | 21.8 25.0 | 15.9 15.2 | 9.8 | 9.4 | |
Automotive | Leisure | Comp. & SP | Hospitality | Cooling Appl. |
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FY 2024 SALES BY REGION
(€ mln) | ||||
-10.1% | ||||
218.6 | ||||
5.7 | 196.6 | |||
37.8 | 5.0 | |||
30.2 |
56.3
55.3
118.8 | 106.1 |
-12,7 | -1,0 | -7,6 | -0,7 | |||||||||
FY 2023 | Europe (excl. | Italy | Americas | RoW | FY 2024 | |||||||
Italy) |
% Changes FY 2024 - FY 2023
-11% -2% -20% -13%
118.8 | ||||||
106.1 | ||||||
56.3 | 55.3 | |||||
37.8 | 30.2 | |||||
5.7 | 5.0 | |||||
Europe (Excl. Italy) | Italy | Americas | RoW |
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SALES - BREAKDOWN BY CHANNEL
OEM
53%
Others | Others |
13% | 14% |
FY 2023 | OEM | FY 2024 |
52% | ||
AM | AM | |
34% | 34% |
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SALES - BREAKDOWN BY MARKET
Cooling Appl.
Cooling Appl.
5%
Hospitality
7%
Components&SP
10%
Hospitality
8%
Components&SP
12%
5%
FY 2023
Leisure
12%
FY 2024 | ||
Automotive | Leisure | |
66% | 10% | Automotive |
65% |
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SALES - BREAKDOWN BY REGION
RoW | RoW | |
3% | ||
3% | ||
Americas | Americas | |
17% | 15% |
FY 2023 | Europe | FY 2024 | Europe |
(excl. Italy) | (excl. Italy) | ||
54% | 54% | ||
Italy | Italy | ||
26% | 28% |
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