Carel Industries

AGM Information • May 15, 2025

Informazione Regolamentata n. 2092-20-2025	Data/Ora Inizio Diffusione 15 Maggio 2025 10:10:01		Euronext Star Milan
Societa'	:	CAREL INDUSTRIES
Identificativo Informazione Regolamentata	:	205706
Utenza - referente	:	CARELINDUSN03 - Grosso Giampiero
Tipologia	:	REGEM
Data/Ora Ricezione	:	15 Maggio 2025 10:10:01
Data/Ora Inizio Diffusione	:	15 Maggio 2025 10:10:01
Oggetto	:	CAREL - Notice of filing of the minutes of the 2025 AGM
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Press Release

Notice of availability of the minutes of the Ordinary Shareholders' Meeting held on 23 April 2025

Brugine (PD), 15 May 2025 – CAREL Industries S.p.A. ("CAREL") announces that, with regard to the Ordinary Shareholders' Meeting held on 23 April 2025, the minutes of the Meeting is available at the registered office, on CAREL website at www.carel.com (Investor Relations Section/Shareholders' Meetings/Shareholders' Meeting 23 April 2025) as well as on the authorized storage mechanism "eMarket Storage" ().

For more information

INVESTOR RELATIONS	MEDIA RELATIONS
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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 Giuseppe Fresa g.fresa@barabino.it +39 348.57.03.197

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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.

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 71% of the Group's revenues in the financial year to 31 December 2024, while the refrigeration market accounted for 29% 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.

As of 31 December 2024 the Group operates through 47 branches including 15 production areas located in various countries, approximately 80% of the Group's revenues was generated outside of Italy and more than 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.

Fine Comunicato n.2092-20-2025	Numero di Pagine: 3
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