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Carel Industries
Governance Information • Feb 18, 2021
4037_cgr_2021-02-18_5b7fdba7-2f3f-4696-8fd9-01c425707d02.pdf
Governance Information
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| Informazione Regolamentata n. 2092-11-2021 |
Data/Ora Ricezione 18 Febbraio 2021 17:49:23 |
MTA - Star | ||
|---|---|---|---|---|
| Societa' | : | CAREL INDUSTRIES S.P.A. | ||
| Identificativo Informazione Regolamentata |
: | 142622 | ||
| Nome utilizzatore | : | CARELINDUSN03 - Grosso | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 18 Febbraio 2021 17:49:23 | ||
| Data/Ora Inizio Diffusione presunta |
: | 18 Febbraio 2021 17:49:24 | ||
| Oggetto | : | CAREL - Adoption of the new Code of Corporate Governance |
||
| Testo del comunicato |
Vedi allegato.
Press Release
Carel adopts the new Code of Corporate Governance
Brugine, 18 February 2021 – Today, the Board of Directors of CAREL Industries S.p.A. resolved upon the adoption of the new Code of Corporate Governace, approved by the Committee for the Corporate Governance of Borsa Italiana, published on 31 January 2020.
The adoption of the new Code guarantees the constant compliance of the listed companies with the international best practice standards
CAREL will give disclosure to the market on the methods of application of the new Code of Corporate Governance of Listed Companies within the Report on Corporate Governance and ownership structure that will be published in 2022.
For further information:
INVESTOR RELATIONS MEDIA RELATIONS
Giampiero Grosso - Investor Relations Manager Barabino & Partners [email protected] Fabrizio Grassi +39 049 9731961 [email protected]
+39 392 73 92 125 Francesco Faenza [email protected] +39 02 72 02 35 35
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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.
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.