May 13, 2022 / NTS GMT
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Carel first-quarter 2022 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Francesco Nalini, CEO of Carel. Please go ahead, sir.
Franceso Nalini - Carel Industries SpA - CEO
Thank you very much. Good afternoon, everybody. And welcome to our call for the presentation of Q1 2022 results. Thanks for being here. As usual, I'm starting from page 2 with the most important financial highlights. We're happy to report once again, a very strong quarter. It's actually the fifth consecutive quarter where we reported double-digit organic growth rate.
We saw the confirmation of a consistent acceleration in demand in several key applications, both in HVAC and refrigeration. On top of this, we had the positive contribution from our recent M&A activity that performed even better than expectations. This led to a revenue growth of 32.1% compared to the same period of last year.
Excluding the
Q1 2022 Carel Industries SpA Earnings Call Transcript
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