Carel Industries S.p.A. (BIT:CRL)

Carel Industries Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	609.33	578.54	650.25	544.85	420.42	331.61
Other Revenue	0.13	-	-	-	-	-
Revenue	609.47	578.54	650.25	544.85	420.42	331.61
Revenue Growth (YoY)	4.02%	-11.03%	19.34%	29.60%	26.78%	1.30%
Cost of Revenue	314.57	306.99	358.79	313.99	237.29	177.19
Gross Profit	294.89	271.54	291.46	230.86	183.13	154.42
Selling, General & Admin	178.29	169.78	156.16	122.8	102.02	91.39
Other Operating Expenses	-0.56	-3.11	-1.82	-3.62	-0.71	-2.1
Operating Expenses	219.3	204.98	187.06	143.56	122.15	107.6
Operating Income	75.59	66.56	104.4	87.3	60.98	46.82
Interest Expense	-9.07	-10.04	-10.79	-2.56	-1.96	-1.38
Interest & Investment Income	1.79	1.79	0.76	0.17	0.19	0.18
Earnings From Equity Investments	1.04	1.74	0.61	2.36	0.51	0.21
Currency Exchange Gain (Loss)	-0.01	3.18	-3.76	-0.86	-1.43	-0.92
Other Non Operating Income (Expenses)	12.09	15.63	0.89	-3.23	-0.74	-0.28
EBT Excluding Unusual Items	81.43	78.86	92.11	83.18	57.55	44.62
Gain (Loss) on Sale of Investments	0.91	0.91	1.09	0.21	0.03	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.07	0.05	0.35	0.05
Asset Writedown	-0.03	-0.03	-0.06	-0.04	-0	-0.17
Other Unusual Items	-	-	-	-	3.13	-
Pretax Income	82.3	79.73	93.21	83.4	61.06	44.51
Income Tax Expense	17.01	16.47	18.73	18.6	11.97	9.39
Earnings From Continuing Operations	65.3	63.26	74.47	64.8	49.09	35.12
Net Income to Company	-	63.26	74.47	64.8	49.09	35.12
Minority Interest in Earnings	-0.03	-0.62	-3.53	-2.68	-0.03	-0.01
Net Income	65.26	62.64	70.94	62.12	49.06	35.11
Net Income to Common	65.26	62.64	70.94	62.12	49.06	35.11
Net Income Growth	26.51%	-11.70%	14.19%	26.63%	39.72%	0.27%
Shares Outstanding (Basic)	111	112	101	100	100	100
Shares Outstanding (Diluted)	111	112	101	100	100	100
Shares Change (YoY)	-0.09%	11.35%	1.44%	-0.31%	0.05%	-0.08%
EPS (Basic)	0.59	0.56	0.70	0.62	0.49	0.35
EPS (Diluted)	0.59	0.56	0.70	0.62	0.49	0.35
EPS Growth	26.63%	-20.70%	12.57%	27.02%	39.65%	0.34%
Free Cash Flow	109.09	63.9	81.09	47.11	39.23	48.84
Free Cash Flow Per Share	0.98	0.57	0.80	0.47	0.39	0.49
Dividend Per Share	-	0.165	0.190	0.180	0.150	0.120
Dividend Growth	-	-13.16%	5.56%	20.00%	25.00%	-
Gross Margin	48.39%	46.94%	44.82%	42.37%	43.56%	46.57%
Operating Margin	12.40%	11.51%	16.05%	16.02%	14.50%	14.12%
Profit Margin	10.71%	10.83%	10.91%	11.40%	11.67%	10.59%
Free Cash Flow Margin	17.90%	11.05%	12.47%	8.65%	9.33%	14.73%
EBITDA	107.38	95.09	128.05	111.68	81.82	65.14
EBITDA Margin	17.62%	16.44%	19.69%	20.50%	19.46%	19.64%
D&A For EBITDA	31.79	28.53	23.66	24.38	20.84	18.32
EBIT	75.59	66.56	104.4	87.3	60.98	46.82
EBIT Margin	12.40%	11.51%	16.05%	16.02%	14.50%	14.12%
Effective Tax Rate	20.67%	20.66%	20.10%	22.30%	19.60%	21.10%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.