Carel Industries

AGM Information • May 2, 2019

Informazione Regolamentata n. 2092-30-2019		Data/Ora Ricezione 02 Maggio 2019 15:57:23	MTA - Star
Societa'	:	CAREL INDUSTRIES S.P.A.
Identificativo Informazione Regolamentata	:	117833
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	REGEM; 3.1
Data/Ora Ricezione	:	02 Maggio 2019 15:57:23
Data/Ora Inizio Diffusione presunta	:	02 Maggio 2019 15:57:24
Oggetto	:	the AGM 2019	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 15 April 2019

Brugine, 2 May 2019 – CAREL industries S.p.A. informs that the minutes of the ordinary Shareholders' meeting held on 15 April 2019 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 ir@carel.com Fabrizio Grassi +39 049 9731961 f.grassi@barabino.it

Barabino & Partners IR Francesco Faenza Stefania Bassi f.faenza@barabino.it s.bassi@barabino.it +39 02 72 02 35 35 +39 335 62 82 667

+39 392 73 92 125

CAREL

The CAREL Group is a leader in the design, production and global marketing of technologically advanced components and solutions for excellent energy efficiency in the control and regulation 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 management, with a distinctive position in the relevant niches in those markets.

HVAC is the main Group market, representing 61% of the Group's revenues in the financial year ended 31 December 2018, while the refrigeration market accounted for 37% 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 leadership position in the reference HVAC/R market niches, with special attention focused on energy efficiency, the reduction of the impact on the environment, 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 23 subsidiaries and nine production plants located in various countries. As of 31 December 2018, approximately 80% of the Group's revenue was generated outside of Italy and 49% outside of Western Europe.

Original Equipment Manufacturers or OEMs – suppliers of complete units for applications in the HVAC/R markets – make up the main category of the Company's customers, on which the Group focuses to build long-term relationships.