Carel Industries

AGM Information • May 15, 2023

Informazione Regolamentata n. 2092-49-2023		Data/Ora Ricezione 15 Maggio 2023 10:01:35	Euronext Star Milan
Societa'	:	CAREL INDUSTRIES
Identificativo Informazione Regolamentata	:	176959
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	REGEM
Data/Ora Ricezione	:	15 Maggio 2023 10:01:35
Data/Ora Inizio Diffusione presunta	:	15 Maggio 2023 10:01:37
Oggetto	:	the AGM 2023	CAREL - Notice of filing of the minutes of
Testo del comunicato

Vedi allegato.

Press Release

Notice of filing of the minutes of the ordinary Shareholders' meeting held on 21 April 2023

Brugine, 15 May 2023 – CAREL industries S.p.A. informs that the minutes of the ordinary Shareholders' meeting held on 21 April 2023 has been filed, available to the public, at the registered office of the Company, on the website www.carel.com, in the Investor Relations/Shareholders' meeting section, as well as at the authorized storage mechanism eMarketStorage ().

For further information

INVESTOR RELATIONS MEDIA RELATIONS

Giampiero Grosso - Investor Relations Manager Barabino & Partners giampiero.grosso@carel.com Fabrizio Grassi

+39 049 9731961 f.grassi@barabino.it +39 392 73 92 125 Marco Trevisan m. trevisan@barabino.it +39 02 72 02 35 35

CAREL

The CAREL Group is a global leader in the design, production and marketing of technologically-advanced components and solutions for excellent energy efficiency in the control of heating, ventilation and air conditioning ("HVAC") and refrigeration equipment and systems. CAREL is focused on several vertical niche markets with extremely specific needs, catered for with dedicated solutions developed comprehensively for these requirements, as opposed to mass markets.

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The Group designs, produces and markets hardware, software and algorithm solutions aimed at both improving the performance of the units and systems they are intended for and for energy saving, with a globally-recognised brand in the HVAC and refrigeration markets (collectively, "HVAC/R") in which it operates and, in the opinion of the Company's management, with a distinctive position in the relevant niches in those markets.

HVAC is the Group's main market, representing 68% of the Group's revenues in the financial year to 31 December 2022, while the refrigeration market accounted for 31% of the Group's revenues.

The Group commits significant resources to research and development, an area which plays a strategic role in helping it maintain its position of leadership in the reference HVAC/R market niches, with special attention focused on energy efficiency, the reduction of environmental impact, trends relating to the use of natural refrigerant gases, automation and remote connectivity (the Internet of Things), and the development of data-driven solutions and services.

The Group operates through 36 branches including 15 production plants located in various countries. As of 31 December 2022, approximately 80% of the Group's revenues was generated outside of Italy and 30% outside of EMEA (Europe, Middle East, Africa).

Original Equipment Manufacturers or OEMs – suppliers of complete units for applications in HVAC/R markets – make up the

Company's main category of customers, which the Group focuses on to build long-term relationships.