Aug 01, 2024 / 02:30PM GMT
Operator
Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the CAREL Industries 2024 first half results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Francesco Nalini, CEO of CAREL Industries. Please go ahead, sir.
Francesco Nalini - Carel Industries SpA - Chief Executive Officer, Director
Thanks. Good afternoon and thank you for joining our call for the presentation of the first half 2024 results. I'm starting from page 4 with the main highlights of the period. As expected, the second quarter was essentially in line with the first since we had the continuation of the same trends we experienced in Q1. From now on, we expect a gradual improvement during the second half of the year. So in this first half, revenues were EUR291.5 million with a decline of 11.7% compared to the same period of 2023 or 15.8% on a like-for-like constant exchange rate basis.
This is mainly due to a poor performance of the EMEA area, basically related to the sharp decline in heat pumps
Q2 2024 Carel Industries SpA Earnings Call Transcript
Aug 01, 2024
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